Fixed-income electronic trading platform MarketAxess reported record trading volumes for 2017 of $1.5tn. The company said that the total number of trades in its fixed-income products was up by more than a third compared with 2016. 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.
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.