💨 Abstract

MarketAxess Holdings, a bond trading platform, reported higher-than-expected third-quarter profits due to increased activity in the bond market. The company's founder, Rick McVey, announced his retirement at year-end. The rally in the bond market, driven by expectations of a soft U.S. economic landing, boosted trading volumes on platforms like MarketAxess.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖