MarketAxess Reported Total ADV Of $34.2B In Q2, Up 22.8% Y/Y On Strong Growth In Total Credit ADV (+12.4% Y/Y) And Total Rates ADV (+30.9% Y/Y)
Portfolio Pulse from Benzinga Newsdesk
MarketAxess reported a total average daily volume (ADV) of $34.2 billion in Q2, marking a 22.8% year-over-year increase. This growth was driven by a 12.4% increase in total credit ADV and a 30.9% increase in total rates ADV.
July 03, 2024 | 10:44 am
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MarketAxess reported a significant increase in total ADV for Q2, with a 22.8% year-over-year growth. This was driven by strong performance in both credit and rates ADV.
The reported increase in total ADV, particularly in credit and rates, indicates strong operational performance and could positively impact investor sentiment and the stock price in the short term.
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