Chris Concannon, CEO of MarketAxess, commented: “A favorable market environment helped deliver strong year-over-year, and solid month-over-month results in August. We delivered 27% growth in total credit ADV year-over-year, driven by a 34% increase in U.S. high-grade, a 25% increase in emerging markets, a 19% increase in Eurobonds, and a 49% increase in municipal bonds. We also generated record portfolio trading ADV of $988 million. Our leadership position in the global credit institutional e-trading space remains strong, and we are beginning the roll-out of X-Pro to our global client base later this month.”
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