MarketAxess has reported more than US$1 trillion in emerging markets (EM) trading volumes year-to-date.
Average daily volumes reached approximately US$5 billion between January and November, up 16% year-on-year (YoY).
Hard currency market volumes were up 11% YoY year-to-date in November, and local currency market volumes up 18%.
The company has also reported growth across its client-initiated, portfolio trading and dealer-initiated channels. Request for market in local markets was up 34% YoY, and dealer request for quote (RFQ) rose 36%. In the client-initiated channel, the recently-expanded targeted RFQ workflow tool has catalysed a 25% YoY increase in global EM block trading volumes, the company states.
Last month, MarketAxess spoke to The DESK about the growth of electronic trading in EM globally.
READ MORE: The rapid rise – and risks – of EM e-trading for dealers
CEO Chris Concannon commented, “With even more countries set to join leading emerging market indices in 2026, we are well positioned to support the evolution of this asset class through technology that deepens liquidity and boosts transparency.”
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