MarketAxess Disclosed Average Daily Volume (ADV) Of $36.5B In June, Up 33.8% Y/Y On Strong Growth In Total Credit ADV Of 14.3% Y/Y And Total Rates ADV Of 49.8% Y/Y
Portfolio Pulse from Benzinga Newsdesk
MarketAxess reported an average daily volume (ADV) of $36.5 billion in June, marking a 33.8% year-over-year increase. This growth was driven by a 14.3% rise in total credit ADV and a 49.8% surge in total rates ADV.
July 03, 2024 | 10:39 am
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MarketAxess reported a significant increase in average daily volume (ADV) for June, with a 33.8% year-over-year growth. This was driven by a 14.3% increase in total credit ADV and a 49.8% increase in total rates ADV.
The significant increase in ADV, particularly in credit and rates trading volumes, indicates strong operational performance and could positively impact MarketAxess's revenue and stock price in the short term.
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