Fixed-income electronic trading platform MarketAxess reported record trading volumes for 2017 of $1.5tn. Total revenues increased 7.4% on 2018 to $397.5m and commission revenue increased 6.9% to $355.3m. MarketAxess said 2017 was its ninth consecutive year of record results in terms of revenue, volumes and operating income, which were achieved despite challenging fixed-income trading conditions. The company said it was encouraged by improving global economic conditions and declining central bank quantitative easing in the previous year, as well as the growing adoption of fixed-income electronic trading and a broadening of its international client base.
Fixed-income electronic trading platform MarketAxess reported record trading volumes for 2017 of $1.5tn. Total revenues increased 7.4% on the previous year to $397.5m and commission revenue increased 6.9% to $355.3m. MarketAxess said 2017 was its ninth consecutive year of record results in terms of revenue, volumes and operating income, which were achieved despite challenging fixed-income trading conditions. The company said it was encouraged by improving global economic conditions and declining central bank quantitative easing in 2018, as well as the growing adoption of fixed-income electronic trading and a broadening of its international client base.