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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100