MarketAxess Announces Monthly Volume Statistics for April 2015
05 May 2015 - 7:00AM
MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading
electronic trading platform for fixed-income securities, and the
provider of market data and post-trade services for the global
fixed-income markets, today announced total monthly trading volume
for April 2015 of $79.3 billion, consisting of $45.8 billion in
U.S. high-grade volume, $26.8 billion in other credit volume, and
$6.7 billion in liquid products volume.
MarketAxess is providing both the reported and adjusted
estimated U.S. high-grade TRACE volumes on its website. The Company
believes that the adjusted estimated volumes provide a more
accurate comparison to prior period reporting.
This data can be accessed on MarketAxess' website at
investor.marketaxess.com/volume.cfm
Cautionary Note Regarding Forward-Looking
Statements
This press release may contain forward-looking statements,
including statements about the outlook and prospects for Company
and industry growth, as well as statements about the Company's
future financial and operating performance. These and other
statements that relate to future results and events are based on
MarketAxess' current expectations. Actual results in future
periods may differ materially from those currently expected or
desired because of a number of risks and uncertainties, including:
the volatility of financial services markets generally; the level
of trading volume transacted on the MarketAxess platform; the
absolute level and direction of interest rates and the
corresponding volatility in the corporate fixed-income market; the
level and intensity of competition in the fixed-income electronic
trading industry and the pricing pressures that may result; the
variability of our growth rate; the rapidly evolving nature of the
electronic financial services industry; our ability to introduce
new fee plans and our clients' response; our exposure to risks
resulting from non-performance by counterparties to transactions
executed between our clients in which we act as an intermediary in
matching back-to-back trades; our dependence on our broker-dealer
clients; the loss of any of our significant institutional investor
clients; our ability to develop new products and offerings and the
market's acceptance of those products; the effect of rapid market
or technological changes on us and the users of our technology; our
ability to successfully maintain the integrity of our trading
platform and our response to system failures, capacity constraints
and business interruptions; our vulnerability to cyber security
risks; our ability to protect our intellectual property rights or
technology and defend against intellectual property infringement or
other claims; our ability to enter into strategic alliances and to
acquire other businesses and successfully integrate them with our
business; our ability to comply with new laws, rules and
regulations both domestically and internationally; our ability to
maintain effective compliance and risk management methods; the
strain of growth initiatives on management and other resources; our
future capital needs and our ability to obtain capital when needed;
limitations on our operating flexibility contained in our credit
agreement; and other factors. The Company's actual results and
financial condition may differ, perhaps materially, from the
anticipated results and financial condition in any such
forward-looking statements. The Company undertakes no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. More
information about these and other factors affecting MarketAxess'
business and prospects is contained in MarketAxess' periodic
filings with the Securities and Exchange Commission and can be
accessed at www.marketaxess.com.
About MarketAxess
MarketAxess operates a leading electronic trading platform that
enables fixed-income market participants to efficiently trade
corporate bonds and other types of fixed-income instruments using
MarketAxess' patented trading technology. Over 1,000
institutional investor and broker-dealer firms are active users of
the MarketAxess trading platform, accessing global liquidity in
U.S. high-grade corporate bonds, emerging markets and high-yield
bonds, European bonds, U.S. agency bonds, credit default swaps and
other fixed-income securities. MarketAxess SEF Corporation has
received temporary registration from the U.S. Commodity Futures
Trading Commission to operate a swap execution
facility. MarketAxess also offers a number of trading-related
products and services, including: market data to assist clients
with trading decisions; connectivity solutions that facilitate
straight-through processing; technology services to optimize
trading environments; and execution services for exchange-traded
fund managers and other clients. Through its Trax® division,
MarketAxess also offers a range of pre- and post-trade services,
including trade matching, regulatory transaction reporting and
market and reference data, across a range of fixed-income products.
Trax is the trading name of Xtrakter Ltd., a MarketAxess group
company.
MarketAxess maintains its headquarters in New York and has
offices in London, Boston, Chicago, Los Angeles, Salt Lake City,
São Paulo and Singapore. For more information, please visit
www.marketaxess.com.
CONTACT: Investor Relations Contact:
Tony DeLise
MarketAxess Holdings Inc.
+1-212-813-6017
Media Relations Contacts:
Florencia Panizza
MarketAxess Holdings Inc.
+1-212-813-6029
William McBride
Bryant Park Financial Communications
+1-917-239-6726
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