Expanding the Client Network

1. Increase penetration of existing and new markets ESTIMATED AVERAGE DAILY VOLUME FOR ADDRESSABLE CREDIT MARKETS¹ Emerging Markets $15B EXPANDING GLOBAL CLIENT NETWORK • Over 1,900 active firms • Increase in active clients across all geographies and products • Over 1,370 active firms trading emerging markets, up 7% from 2Q21 • Over 980 active international client firms, up 6% from 2Q21 ESTIMATED AVERAGE DAILY VOLUME FOR ADDRESSABLE U.S. TREASURY MARKET Eurobonds U.S. $10B $10 High- Yield $72 billion $6B Municipal Bonds $5B $26B Leveraged Loans U.S. High-Grade $589 billion 1% Change in Estimated Credit Market Share Results in $38-$42 million in Additional Revenue $184B D2D $406B C2D 1% Change in Estimated UST Share Results in $4-$5 million in Additional Revenue 1. Market volumes calculated using the most recently available market data for TRACE, Trax, Emerging Markets Trade Association, Municipal Securities Rulemaking Board, and Loan Syndications and Trading Association for the trailing twelve month period. XMarket Axess 9

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