MarketAxess Announces Trading Volume Statistics for September and Third Quarter 2024
MarketAxess Holdings Inc., a prominent electronic trading platform specializing in fixed-income securities, has released trading volume and preliminary variable transaction fees (FPM) for September 2024 and the third quarter concluding on September 30, 2024. The company s CEO, Chris Concannon, made the announcement, highlighting the significance of these figures in understanding the platform s performance and market activity during the specified period. The trading volume and FPM data for September 2024 and the third quarter ending September 30, 2024, provide valuable insights into the market dynamics and investor behavior. The trading volume reflects the number of securities traded during the period, while the FPM represents the variable transaction fees charged per million units of traded securities. The release of this information by MarketAxess allows investors, market participants, and analysts to assess the liquidity and cost-efficiency of the platform. Higher trading volumes indicate a more active market, which can be beneficial for investors seeking to execute large orders without significantly impacting the market price. Conversely, lower trading volumes may suggest a less active market, potentially leading to wider bid-ask spreads and higher transaction costs. The variable transaction fees, or FPM, are an essential aspect of the trading experience on MarketAxess. These fees are charged per million units of traded securities and can impact the overall cost of executing trades. A lower FPM can make the platform more attractive to investors, as it reduces the expenses associated with trading activities. In summary, MarketAxess Holdings Inc. s announcement of trading volume and preliminary FPM for September 2024 and the third quarter ending September 30, 2024, provides crucial information for market participants. The data sheds light on the platform s performance, liquidity, and cost-efficiency, enabling investors and analysts to make informed decisions about their trading strategies and investment choices. CEO Chris Concannon s commentary emphasizes the importance of these figures in understanding the market dynamics and the role of MarketAxess
Source: wallstreet-online.dePublished on 2024-10-03