Key Takeaways MKTX hit a record $1T in Q2 credit trading volume, up 20% year over year, with $2T in total rates trades. High-yield and Eurobonds credit grew 25%, while emerging markets ADV rose 20% from the prior-year period. Total credit FPM dropped 7% and total rates FPM slid 12% due to changes in protocol and product mix.MarketAxess Holdings Inc. (MKTX) recently announced that its electronic trading platform facilitated more than $1 trillion in total credit trading volume in the second quarter of 2025, ...