© Reuters.
By Sam Boughedda
Investing.com — MarketAxess Holdings Inc (NASDAQ:) shares fell 11% Tuesday after it reported its monthly volume statistics for March.
The electronic trading platform said its total monthly trading volume of $895 billion was its second-best month on record.
However, the company’s total credit monthly average daily volume (ADV) of $12.4 billion was down 3% from March 2021, which looks to have worried investors.
In addition, MarketAxess also reported a record monthly emerging markets ADV of $3.2 billion, a record monthly municipal bond ADV of $294 million, and a U.S. Treasury monthly ADV of $26.1 billion.
“These strong results include record quarterly emerging markets, municipal bond and U.S. Treasury volume, reflecting the powerful diversification of our global marketplace,” commented Rick McVey, chairman and CEO of MarketAxess.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment