07:30 AM EDT, 07/07/2025 (MT Newswires) -- MarketAxess Holdings ( MKTX ) on Monday reported an increase in Q2 total trading average daily volume (ADV) to $49.01 billion from $34.17 billion a year earlier.

The credit trading platform operator said total credit ADVs rose 22% to $16.8 billion in the second quarter. MarketAxess ( MKTX ) surpassed $1 trillion in total credit quarterly trading volume for the first time, it said.

US high-grade ADV rose 21% to $7.76 billion, while emerging markets ADV increased 20% to $4.02 billion, and Eurobond ADV grew 27% to $2.68 billion.

MarketAxess ( MKTX ) said the average variable transaction fees per million for credit, however, declined to $138 from $148, primarily due to protocol mix, while total rates fees per million decreased 12% to $3.90, driven by product mix changes.

The MarketAxess ( MKTX ) platform's strong year-over-year volume growth continued in June as volatility moderated through the quarter, the company said.