MarketAxess Announces Monthly Volume Statistics For May

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NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) – MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed income securities, and the provider of market data and of post-trade services for the global fixed income markets, today announced a monthly trading volume for May 2021 of $ 478.7 billion, of which $ 204.4 billion in credit volume and $ 274 billion, $ 3 billion in rate volume.

MarketAxess volume reported in all product categories includes fully electronic trading volume only. MarketAxess trading volumes, estimated volumes reported by TRACE and Trax® processed volumes for May 2021 are available on the company’s website at Investor.marketaxess.com/volume.cfm.

As of the date hereof, FINRA has not released the Company and Agency Capped Volume Report for May 2021. The Company plans to update the estimated volumes reported by TRACE on its website following publication by the FINRA of the May 2021 Capped Volume Report.

Caution Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including statements about the prospects and growth prospects of the Company and the industry, as well as statements about the future financial and operational performance of the Company. These and other statements regarding future results and events are based on the current expectations of MarketAxess. The Company’s actual results in future periods may differ materially from those currently expected or desired due to a number of risks and uncertainties, including: global economic, political and market factors; risks associated with the COVID-19 pandemic, including the possible effects of global economic conditions resulting from the COVID-19 pandemic; the risks associated with the United Kingdom’s exit from the European Union; the level of transaction volume processed on the MarketAxess platform; the rapidly changing nature of the electronic financial services industry; the level and intensity of competition in the electronic fixed income trading industry and the resulting pricing pressures; the variability of our growth rate; our ability to introduce new pricing plans and our customer response; our ability to attract customers or adapt our technology and marketing strategy to new markets; risks associated with the growth of our international operations; our dependence on our broker clients; the loss of one of our major institutional investor clients; our exposure to risks resulting from non-execution by counterparties of transactions executed between our clients in which we act as an intermediary in matched principal transactions; the risks associated with self-erasure; the effect of rapid market or technological changes on us and the users of our technology; our dependence on third party suppliers for key products and services; our ability to successfully maintain the integrity of our trading platform and our response to system failures, capacity constraints and business disruptions; the occurrence of design flaws, errors, failures or delays with our platforms; our vulnerability to cybersecurity risks; our actual or perceived non-compliance with privacy and data protection laws; our ability to protect our intellectual property rights or technology and to defend against intellectual property infringement or other claims; our ability to forge strategic alliances and acquire other businesses and successfully integrate them into our business; our dependence on our management team and our ability to attract and retain talent; the limitations of our flexibility because we operate in a highly regulated industry; increasing government regulation of us and our customers; our exposure to the costs and penalties associated with our extensive regulation; our risks of litigation and liability under securities laws; our future capital needs and our ability to raise capital when needed; the limitations of our operational flexibility contained in our credit agreement; and other factors. The Company does not undertake to update any forward-looking statements, whether as a result of new information, future events or otherwise. Further information on these and other factors affecting the business and outlook of MarketAxess is contained in the periodic documents of MarketAxess with the Securities and Exchange Commission and can be found at www.marketaxess.com.

About MarketAxess

MarketAxess operates a leading institutional electronic trading platform offering expanded liquidity opportunities, improved execution quality and significant cost savings in global fixed income markets. A global network of more than 1,800 companies, including the world’s leading asset managers and institutional brokers, harnesses MarketAxess patented trading technology to trade bonds efficiently. MarketAxess’ award-winning Open Trading® marketplace is considered the preferred global trading solution in the global credit markets, creating a unique liquidity pool for a wide range of credit market participants. Leveraging its in-depth data and analytical resources, MarketAxess provides automated trading solutions, market data products and a range of pre- and post-trade services.

MarketAxess is headquartered in New York with offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami, San Francisco, São Paulo, Hong Kong and Singapore. For more information, please visit www.marketaxess.com.

Investor Relations Contact:

David Cresci
MarketAxess Investments Inc.
+ 1-212-813-6027

Contacts for media relations:

Kyle White
MarketAxess Investments Inc.
+ 1-212-813-6355

William mcbride
RF | Binder
+ 1-917-239-6726

MarketAxess Investments Inc.
Monthly volume statistics

Average daily volume Total volume of transactions
May 21 May 20 % Switch
May 21 May 20 % Switch
($ in millions)
High quality US
Fixed rate $ 4,684 $ 6,371 -26.5 % $ 93 677 $ 127,422 -26.5 %
Floating rate 164 228 -28.1 % 3,287 4,559 -27.9 %
High Quality United States Total 4,848 6 599 -26.5 % 96 964 131,981 -26.5 %
Other credit
US High Yield 1,460 1,535 -4.9 % 29 201 30,696 -4.9 %
Emerging Markets 2 289 2,162 5.9 % 45,779 43 237 5.9 %
Eurobonds 1,609 1 167 37.9 % 30,563 22,181 37.8 %
Other credit products 93 58 60.3 % 1,869 1 155 61.8 %
Total other credits 5 451 4 922 10.7 % 107 412 97,269 10.4 %
Total credit1 10 299 11 521 -10.6 % 204,376 229,250 -10.9 %
Rates
US government bonds 2 13,538 14 339 -5.6 % 270 766 286,772 -5.6 %
Agencies and other government bonds 1 180 187 -3.7 % 3,558 3,717 -4.3 %
Total rates 13,718 14,526 -5.6 % 274,324 290,489 -5.6 %
Number of trading days in the United States 3 20 20
Number of UK trading days 4 19 19
NOTES:
1 In accordance with FINRA TRACE reporting standards, both sides of transactions are included in the Company’s reported volumes when the Company executes trades on a matched principal basis between two counterparties.
2 In accordance with industry standards, transactions in US government bonds are counted only once.
3 The number of trading days in the United States is based on the SIFMA Holiday Recommendation Schedule.
4 The number of UK trading days is based on the UK public holiday calendar.



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