MarketAxess April trading ADV falls 28% year over year to $41,619 million

• MarketAxess posted April 2026 total trading average daily volume of $41.62 billion, down 28% year over year and down 25% from March.
• Credit ADV excluding single-dealer portfolio trading was $15.89 billion, down 13% year over year; U.S. high-grade ADV including single-dealer portfolio trading was $7.2 billion, down 17%.
• Rates ADV was $25.73 billion, down 34% year over year; U.S. government bonds ADV was $23.34 billion, down 38%.
• Block trading ADV fell 12% to $5.1 billion; dealer-initiated ADV slipped 11% to $1.71 billion.
• Total credit variable transaction fees per million were $134, down 3% year over year; total rates fees per million were 4.31, up 15%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MarketAxess Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605060630BIZWIRE_USPR_____20260505_BW969055) on May 06, 2026, and is solely responsible for the information contained therein.