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MarketAxess reports November credit volumes up 17.6% y/y

Earlier today, the company stated: “Our new initiatives continued to show solid year-over-year progress across the client-initiated, portfolio trading and dealer-initiated channels. We also unveiled our new Closing Auctions protocol during the month, the first standardized market-wide auction protocol in fixed-income. In Portfolio Trading Channel, our estimated market share of U.S. credit portfolio trading was 17.6%, compared to 13.5% in the prior year. “

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