MarketAxess has reported its monthly trading volume for January 2021 totalled $575.3 billion, which consisted of $236.5 billion in credit volume and $338.8 billion in rates volume.
January’s figures showed an increase in the monthly trading volume for December 2020 which stood at $472.3 billion consisting of $203.5 billion in credit volume and $268.7 billion in rates volume.
Total credit average daily trading volume stood at $12.4 billion, surpassing the previous record from March 2020, while US high yield average daily trading volume was $1.9 billion.
The emerging markets average daily trading volume came in at $2.9 billion and total trading volume was $55.9 billion, MarketAxess found.
Meanwhile, the statistics show municipal bonds average daily volume was $102.7 million and total trading volume of $2.0 billion for January.
MarketAxess has also published its full-year and Q4 2020 earnings report, revealing the first revenue from its acquisition of Deutsche Boerse’s Regulatory Reporting Hub.
The reporting business was acquired by MarketAxess’ wholly-owned Dutch subsidiary, Trax, in December 2020 and is understood to have earned the German stock exchange group between €10 million and €50 million.
Full-year revenue of $689.1 million, representing a 35 per cent year-on-year (YoY) increase, and earnings of $171.3 million for Q4, up 32 per cent YoY, included $1.3 million regulatory trade reporting revenue generated by RRH since 30 November 2020.
MarketAxess’ 2020 revenue from its post-trade services, which includes its regulatory reporting solutions, increased by 23 per cent to hit $19.5 million. Q4 post-trade revenue reached $6.56 million, up 67.3 per cent from Q4 2019.
MarketAxess is an operator of an electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets.
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