Mostly… fixed income and cross product eTrading

June 12, 2007

MarketAxess vols for May

Filed under: etrading — holky @ 7:48 am

MarketAxess claim trading volume rose 15 percent from April levels, with May volume totalling $39.1 billion, up 40 percent from $27.9 billion a year ago; including $23.4 billion in U.S. high-grade volume, $9 billion in European high-grade volume and $6.8 billion in other volume.

But are they doing enough? .. newratings.com yesterday says analysts at Credit Suisse downgrade MarketAxess (ticker: MKTX) from “neutral” to “underperform.” … though also mentioning that the company’s share price has appreciated by 33% so far this year.  The analysts say that although industry activity levels have been weak this year, MarketAxess has benefited from continued market share gains by its core US franchise, contributions from its newer inter-dealer business and accelerating growth in the European and emerging markets.

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1 Comment »

  1. An often asked question about MA, especially in Europe. My view remains as before regarding e-Traing in institutional size credit in Europe: http://waratah.wordpress.com/2006/11/20/institutional-credit-in-europe-an-electronic-failure/

    Comment by waratah — June 12, 2007 @ 11:53 am


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