MarketAxess Exceeds US$1 Trillion In Emerging Markets Trading

KUALA LUMPUR, Dec 18 (Bernama) -- MarketAxess Holdings Inc announced it has surpassed US$1 trillion in traded volume this year in emerging markets (EM) debt, underscoring sustained growth in electronic fixed-income trading. (US$1=RM4.07)

MarketAxess Chief Executive Officer, Chris Concannon said crossing US$1 trillion in EM trading volume reflects the company’s commitment to delivering technology that deepens liquidity and enhances transparency.

Meanwhile, its Global Head of Emerging Markets, Dan Burke said the company is focused on building trading protocols that expand global access to emerging market debt while improving execution efficiency.

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In a statement, the Nasdaq-listed company said the milestone reflects strong demand for both local and hard currency EM bonds, supported by expanding electronic access and broader market participation.

MarketAxess, which pioneered electronic trading in EM in 2000, now operates across 30 local currency bond markets and more than 100 hard currency markets, serving over 1,500 institutional clients in 90 countries.

Following the June 2025 launch of a fully electronic workflow for trading Indian Government Bonds, MarketAxess is now the only fixed-income electronic trading platform covering 100 per cent of the J.P. Morgan GBI-EM Index, a widely tracked benchmark for EM local debt.

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The company reported a record average daily trading volume of about US$5 billion in its EM business, up 16 per cent, driven by gains in local markets and hard currency trading, as well as growth across client-initiated, portfolio trading and dealer-initiated channels.

MarketAxess also cited a 25 per cent increase in EM block trading volumes globally, helped by enhancements to its Targeted Request-for-Quote workflow tool to support larger trades.

-- BERNAMA