MarketAxess Announces Monthly Volume Statistics for May 2013
NEW YORK--(BUSINESS WIRE)--Jun. 4, 2013--
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, today announced total monthly trading volume for
May 2013 of
$62.5 billion, consisting of
$39.0 billion in U.S.
high-grade volume,
$15.8 billion in other credit volume, and
$7.7
billion in liquid products volume. This data can be accessed on
MarketAxess’ website at
www.marketaxess.com.
Monthly volume updates are posted in the Investor Relations section of
the website on or before the tenth business day of each month. The data
provide current month and historical volume totals on a monthly,
quarterly and annual basis.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including
statements about the outlook and prospects for Company and industry
growth, as well as statements about the Company’s future financial and
operating performance. These and other statements that relate to future
results and events are based on MarketAxess’ current expectations.
Actual results in future periods may differ materially from those
currently expected or desired because of a number of risks and
uncertainties, including: the volatility of financial services markets
generally; the level of trading volume transacted on the MarketAxess
platform; the absolute level and direction of interest rates and the
corresponding volatility in the corporate fixed-income market; the level
and intensity of competition in the fixed-income electronic trading
industry and the pricing pressures that may result; the variability of
our growth rate; the rapidly evolving nature of the electronic financial
services industry; our ability to introduce new fee plans and our
clients’ response; our exposure to risks resulting from non-performance
by counterparties to transactions executed between our clients in which
we act as an intermediary in matching back-to-back trades; our
dependence on our broker-dealer clients; the loss of any of our
significant institutional investor clients; our ability to develop new
products and offerings and the market’s acceptance of those products;
the effect of rapid market or technological changes on us and the users
of our technology; our ability to successfully maintain the integrity of
our trading platform and our response to system failures, capacity
constraints and business interruptions; our vulnerability to cyber
security risks; our ability to protect our intellectual property rights
or technology and defend against intellectual property infringement or
other claims; our ability to enter into strategic alliances and to
acquire other businesses and successfully integrate them with our
business; our ability to comply with new laws, rules and regulations
both domestically and internationally; our ability to maintain effective
compliance and risk management methods; the strain of growth initiatives
on management and other resources; our future capital needs and our
ability to obtain capital when needed; limitations on our operating
flexibility contained in our credit agreement; and other factors. The
Company’s actual results and financial condition may differ, perhaps
materially, from the anticipated results and financial condition in any
such forward-looking statements. The Company undertakes no obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise. More information about these
and other factors affecting MarketAxess’ business and prospects is
contained in MarketAxess’ periodic filings with the Securities and
Exchange Commission and can be accessed at www.marketaxess.com.
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 1,000 investor and broker-dealer firms are
active users of the MarketAxess trading platform, accessing global
liquidity in U.S. high-grade corporate bonds, European bonds, high-yield
and emerging markets bonds, agency bonds, asset-backed and preferred
securities and credit default swaps. 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 Xtrakter subsidiary, 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.
MarketAxess maintains its headquarters in New York and has offices in
London, Chicago, Salt Lake City, Hong Kong, Singapore and São Paulo. For
more information, please visit www.marketaxess.com.
Source: MarketAxess Holdings Inc.
Investor Relations:
MarketAxess Holdings Inc.
Tony
DeLise, +1-212-813-6017
or
Media Relations:
MarketAxess
Holdings Inc.
Florencia Panizza, +1-212-813-6029
or
William
McBride & Associates
William McBride, +1-917-239-6726