Latest news with #bondtrading
Yahoo
06-08-2025
- Business
- Yahoo
MarketAxess beats profit expectations as market volatility drives record trading
(Reuters) -Bond trading platform MarketAxess beat Wall Street estimates for second-quarter profit on Wednesday, as heightened market volatility sparked record trading results. WHY IT'S IMPORTANT Shifts in U.S. trade policy under President Donald Trump and changing expectations for Federal Reserve rate cuts have roiled bond markets, spurring investors to reposition portfolios amid rising recession fears. MarketAxess' results offer an insight into the bond market, widely viewed as a more reliable indicator of recession than the stock market. CONTEXTMounting recession fears have sparked greater bond trading volumes as investors aggressively rejig their portfolios to hedge risks. The New York-based firm expects continued market volatility and bets on its recent product enhancements like new portfolio and block trading capabilities to strengthen its share of the U.S. credit market in coming quarters. KEY QUOTE "Our new initiatives, along with a supportive market environment, contribute to record revenue and ADV (average daily volume) across most products and regions during the quarter," said MarketAxess CEO Chris Concannon. BY THE NUMBERS On an adjusted basis, MarketAxess earned $2 per share in the three months ended June 30, beating Wall Street expectations of $1.96, according to data compiled by LSEG data. Total ADV jumped 43% to record $49 billion in the quarter. Credit products, which generate about 90% of MarketAxess' revenue, posted a 22% rise in ADV to a record $16.80 billion, driven by strong trading activity across U.S. credit, emerging markets, and eurobonds. Sign in to access your portfolio
Reuters
06-08-2025
- Business
- Reuters
MarketAxess beats profit expectations as market volatility drives record trading
Aug 6 (Reuters) - Bond trading platform MarketAxess (MKTX.O), opens new tab beat Wall Street estimates for second-quarter profit on Wednesday, as heightened market volatility sparked record trading results. Shifts in U.S. trade policy under President Donald Trump and changing expectations for Federal Reserve rate cuts have roiled bond markets, spurring investors to reposition portfolios amid rising recession fears. MarketAxess' results offer an insight into the bond market, widely viewed as a more reliable indicator of recession than the stock market. CONTEXT Mounting recession fears have sparked greater bond trading volumes as investors aggressively rejig their portfolios to hedge risks. The New York-based firm expects continued market volatility and bets on its recent product enhancements like new portfolio and block trading capabilities to strengthen its share of the U.S. credit market in coming quarters. "Our new initiatives, along with a supportive market environment, contribute to record revenue and ADV (average daily volume) across most products and regions during the quarter," said MarketAxess CEO Chris Concannon. On an adjusted basis, MarketAxess earned $2 per share in the three months ended June 30, beating Wall Street expectations of $1.96, according to data compiled by LSEG data. Total ADV jumped 43% to record $49 billion in the quarter. Credit products, which generate about 90% of MarketAxess' revenue, posted a 22% rise in ADV to a record $16.80 billion, driven by strong trading activity across U.S. credit, emerging markets, and eurobonds.
Bloomberg
30-06-2025
- Business
- Bloomberg
High Turnover in Small Pool of Bond Traders Hits Canadian Banks
Banks are luring former bond traders out of retirement in Canada, as a high level of staff turnover shakes up the government finance sector at a busy time in the market. Brad Pederson joined Royal Bank of Canada last month as a senior government bond trader, a spokesperson said. Pederson had retired after bowing out from running Canadian rates trading and government finance at Toronto-Dominion Bank.
Bloomberg
16-06-2025
- Business
- Bloomberg
TD Bank Uses Automation to Trade More Bonds With Fewer People
Toronto-Dominion Bank is winning more Wall Street business trading bonds, and doing it with fewer people. The Canadian bank has built up a computer-driven trading team over the past few years that has helped it rise up the US league tables in investment grade corporate bond transactions on the biggest venue for electronic bond trading, MarketAxess Holdings Inc.
Associated Press
07-05-2025
- Business
- Associated Press
Trumid Reports April Performance
Trumid (PRNewsfoto/Trumid) Published [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Electronic bond trading platform announces record volume in Trumid RFQ and Trumid PT NEW YORK, May 7, 2025 /PRNewswire/ -- Trumid, a financial technology company and leading fixed income electronic trading platform, today announced trade volume and user participation highlights for April 2025. April Highlights: April marked another month of consistent growth at Trumid, driven by record traded volumes in both Trumid RFQ and Trumid Portfolio Trading (PT). Traders increasingly relied on the platform's embedded analytics and execution tools to manage both daily flow and key month-end activity — reflecting clients' trust in Trumid as a reliable source of liquidity and a proven technology partner for innovative workflows and automation in challenging market conditions. Reported Average Daily Volume (ADV) of $7.6B, up 39% year-over-year, outperforming TRACE™ reported growth of 26% over the same period. Overall market share grew 11% year-over-year across U.S. Investment Grade and High Yield corporate bonds. Trumid RFQ and PT were significant contributors to year-over-year platform growth. Trumid PT volume and client engagement hit all-time highs. PT ADV rose 55% month-over-month and more than doubled year-over-year — significantly outpacing estimated PT TRACE™ ADV, which grew 14% and 27% over the same periods. A record number of accounts used Trumid for Portfolio Trading, leveraging Trumid PT Pricer™ and the platform's high touch coverage model to navigate, price, and execute trades. Trumid RFQ set another monthly volume record, maintaining consecutive month-over-month growth year-to-date. ADV was up 128% year-over-year and over 50% more clients executed trades daily in the protocol compared to a year ago. Trumid AutoPilot™ for RFQ especially proved its value amid April's market volatility. Clients relied on its flexible controls and unique protective settings, including Confidence Score and Change on Day, to safeguard against fast-moving markets. Following platform optimizations in Q1, Trumid quickly capitalized on its investment in tech agility and continuous delivery with the launch of enhanced Trumid FVMP™ and Trumid Workspaces. The firm is leveraging advanced AI and machine-learning to deliver intelligent, data-enriched workflows and deepen collaboration with clients. Trumid's Fair Value Model Price (FVMP™) is a real-time, predictive pricing model for U.S. dollar denominated corporate bonds, supporting pre-trade analysis, automation, market-making, portfolio management, and other functions across the trading workflow. Newly enhanced, FVMP predicts prices every 30 seconds for approximately 22,000 bonds, using a combination of Trumid's trading activity and external data, including TRACE™ prints. Trumid Workspaces, also launched in April, introduces a new level of customization for traders and a fresh look to the platform. Workspaces allows clients to personalize their interface around their workflow, delivering greater clarity, flexibility, and control. As trading opportunities grow across Trumid protocols, Workspaces helps surface tailored insights and supports more informed trading decisions — all within the same intuitive Trumid experience. About Trumid Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at . © 2025 Trumid Holdings, LLC, and its affiliates. All rights reserved. Trumid Financial, LLC is a broker dealer registered with the U.S. Securities and Exchange Commission ('SEC') and is a member of FINRA and SIPC. Information included in this message does not constitute a trade confirmation or an offer or solicitation of an offer to buy/sell securities or any other products. There is no intention to offer products and services in countries or jurisdictions where such an offer would be unlawful under the relevant domestic law. View original content to download multimedia: SOURCE Trumid
