10:47 AM EST, 03/05/2024 (MT Newswires) -- MarketAxess Holdings ( MKTX ) said Tuesday that its total trading average daily volume in February was $34.26 billion, down from $37.90 billion a year earlier.

The operator of fixed-income trading platform said total credit ADV was $15.18 billion in February, up 5.1% from a year ago.

The ADV of US High-Grade credit stood at $7.71 billion in February, up from $6.73 billion a year earlier.

The ADV of US High-Yield was $1.44 billion in February, down from $2.29 billion a year ago.

Shares of MarketAxess ( MKTX ) were down more than 4% in recent trading.

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