Expanding the Client Network
NEW PRODUCTS
CORE PRODUCTS
The Long-Term E-Trading Opportunity
TOTAL ADDRESSABLE MARKET - 2022 ESTIMATES¹
| MarketAxess 2Q22 ADV
Total Estimated Addressable Market ADV
$5.8B
$26.3B
U.S. High-Grade
$1.8B
$10.3B
U.S. High-Yield
$1.7B
$15.0B
EM Hard Currency
$1.1B
$50.0B
EM Local Currency
$1.5B
$9.9B
Eurobonds
$371M $6.0B
Municipals
$22.7B
U.S. Treasuries
$129M
$115B
European Gov't. Bonds
1. Source: Market volumes calculated using the most recently available market data for TRACE, Trax, Emerging Markets Trade Association, Municipal Securities
Rulemaking Board, Loan Syndications and Trading Association, JPMorgan Research and various local market central banks. Excludes other new product opportunities
including ETFs, mortgages and structured products.
$612B
Market Axess®View entire presentation