MarketAxess must be doing something right. Trading volumes for the third quarter of 2003 were projected to exceed $50 billion, giving MarketAxess an average annual growth in trading volume of over 300% since the beginning of 2001.
That growth is across products, with particularly impressive growth in euro-denominated bonds and emerging-markets trading. Asset-backed securities should be added to the platform in 2004. In its original core area of US high-grade credits, trading on MarketAxess totalled $1.7
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