MarketAxess Announces Record Latin American Bond Trading Volumes

NEW YORK, Sept. 26, 2016 -- MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, announced record trading volumes for Latin American debt securities. A record $21 billion of Brazilian and Mexican local currency-denominated sovereign bonds traded on MarketAxess year-to-date through August, up 101% from the same period last year.

In the same period, hard currency-denominated Latin American corporate and sovereign debt trading volumes increased 40% to a record $51 billion. Over 600 institutional investors traded Latin American debt on MarketAxess this year. MarketAxess added new team members in Miami and São Paulo to support its growing trading operations in the region.

“The Latin American fixed income secondary market is experiencing a boom as investors search for yield in today’s low-rate environment. We’re positioned to capture this interest as the leading destination for fixed income secondary market trading. Our regional sales team brings years of local market experience to help clients and dealers adopt electronic trading into their daily workflow,” said Kevin McPherson, Global Head of Sales, MarketAxess.

“Our regional strategy is focused on providing a central fixed income marketplace for local and global market participants. I’m proud of our team’s efforts in helping drive this year’s record participation on our platform. Our performance reflects our leadership in providing innovative, efficient technology for Latin American investors and dealers,” said Sandy White, Global EM Product Manager, MarketAxess.

According to EMTA, second quarter global EM volumes were up 12% compared to a year ago. Local market instruments represent over 60% of global EM volumes in the second quarter.

MarketAxess offers global 24-hour electronic trading for local and hard currency denominated debt across three major EM regions – Latin America, Europe and Asia.  

About MarketAxess
MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. Over 1,100 institutional investor and broker-dealer firms are active users of the MarketAxess trading platform, accessing global liquidity in U.S. high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, U.S. agency bonds, credit default swaps and other fixed-income securities. MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients. Through its Trax® division, MarketAxess also offers a range of pre- and post-trade services, including trade matching, regulatory transaction reporting and market and reference data, across a range of fixed-income products. Trax is the trading name of Xtrakter Ltd., a MarketAxess group company.

MarketAxess maintains its headquarters in New York and has offices in London, Boston, Chicago, Miami, Los Angeles, San Francisco, Salt Lake City, São Paulo, Hong Kong and Singapore. For more information, please visit www.marketaxess.com.

Media Relations Contact:

Mary Sedarat
MarketAxess Holdings Inc.
+1-212-813-6226
[email protected]