MarketAxess, the operator of an electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, has reported its trading volume for March 2021 totalled $689.6 billion.
The total figure represents $292.6 billion in credit volume and $397 billion in rates volume.
March’s figures showed that a number of trading volume records were achieved throughout the month, including $12.7 billion for total credit average daily trading volume.
Total credit trading also reached a new high with volumes of $292.6 billion
Meanwhile, open trading total credit trading volume came in at $94.4 billion, while emerging markets' total trading volume stood at $64.2 billion.
The statistics also showed the municipal bonds' total trading volume was $2.1 billion.
Further categories to mark new milestones include US high-grade, which had a total trading volume of $145.7 billion, and U.S. high-yield average daily trading, which had a volume of $1.9 billion and a total trading volume of $43.9 billion.
MarketAxess also reported a total trading volume of $36.5 billion for Eurobonds.
At the start of 2021, MarketAxess reported its monthly trading volume for January totalled $575.3 billion, which consisted of $236.5 billion in credit volume and $338.8 billion in rates volume.
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