May 7 (Reuters) - Bond trading platform MarketAxess ( MKTX )

beat Wall Street estimates for first-quarter profit on

Wednesday, as heightened market volatility sparked record

trading results.

WHY IT'S IMPORTANT

Sweeping changes by U.S. President Donald Trump affecting

global trade policy have injected volatility in the bond markets

and spurred investor engagement.

MarketAxess' ( MKTX ) results offer an insight into the bond market,

widely viewed as a more reliable indicator of recession than the

stock market.

CONTEXT

Mounting recession fears have sparked greater bond trading

volumes as investors aggressively rejig their portfolios to

hedge risks.

MarketAxess ( MKTX ) recently launched new capabilities in its

portfolio and block trading offerings to drive increased client

engagement.

New York-based MarketAxess ( MKTX ) expects continued market

volatility and new offerings to strengthen its U.S. credit

market share in the coming quarters.

KEY QUOTE

"During 1Q25 and continuing in early 2Q25, we have been

encouraged by the performance of our platform as our clients

have navigated the ongoing credit market volatility,"

MarketAxess ( MKTX ) CEO Chris Concannon said.

"We believe that MarketAxess' ( MKTX ) platform is well-positioned in

this environment."

BY THE NUMBERS

On an adjusted basis, MarketAxess ( MKTX ) earned $1.87 per share in

the three months ended March 31, beating Wall Street

expectations of $1.81, according to data compiled by LSEG data.

Total average daily volume (ADV) jumped 31% to record $42.9

billion in the quarter.

Credit products, which generate about 90% of MarketAxess' ( MKTX )

revenue, posted a 6% rise in ADV to record $15.9 billion, driven

mainly by strength in emerging markets and eurobonds.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by

Shinjini Ganguli)