MarketAxess reports total August trading volume surges 71 percent from last year
By APWednesday, September 9, 2009
MarketAxess Aug. trading volume rises 71 percent
NEW YORK — MarketAxess Holdings Inc., which operates an electric trading platform for corporate bonds, said Tuesday its trading volume jumped 71 percent in August as markets regained some stability over the last year.
Trading volume rose to $24.3 billion from $14.2 billion in August last year.
Total U.S. high-grade volume rose to $15.4 billion from $8.6 billion. The company reported $3.9 billion in eurobond volume, while other trading volume rose to $5 billion from $3.6 billion.
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