MarketAxess Says It Delivered Strong Growth In Credit ADV Of 11.9%, Driven By 16.4% Increase In U.S. High-grade On Stronger Market Volumes, 31.7% Increase In Emerging Markets, And 13.3% Increase In Municipal Bonds
Portfolio Pulse from Benzinga Newsdesk
MarketAxess reported strong growth in its Credit Average Daily Volume (ADV), with an 11.9% increase overall. This growth was fueled by a 16.4% rise in U.S. high-grade volumes, a 31.7% surge in emerging markets, and a 13.3% increase in municipal bonds.
May 03, 2024 | 10:37 am
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MarketAxess reported significant growth in Credit ADV, driven by increases in U.S. high-grade, emerging markets, and municipal bonds.
The reported growth in Credit ADV, especially in key areas such as U.S. high-grade, emerging markets, and municipal bonds, indicates a strong performance by MarketAxess. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100