MarketAxess Inc. has outlined the rollout of a new-issue solution as its forecast for new bond issuance in 2026 approaches $2 trillion [1].
This expansion signals a strategic shift for the New York-based electronic trading platform. By diversifying its product offerings beyond U.S. credit, the company aims to capture a larger share of the global bond market during a period of high issuance activity.
CEO and Director Christopher Concannon said the company recently achieved record total revenue of $233 million [3]. This represents a 12% increase in total revenue [3]. Concannon said the growth was supported by a 20% increase in product areas outside U.S. credit [3].
"We grew total revenue by 12% to a record $233 million including very strong 20% growth in product areas outside U.S. credit," Concannon said [3].
The company is leveraging this momentum to integrate its new initiatives into the broader business model. According to Concannon, these new initiatives generated approximately 50% of the total [3].
"Momentum continued to build with our new initiatives and generated approximately 50% of total," Concannon said [3].
The rollout of the new-issue solution is designed to streamline how bonds are brought to market. This move comes as the company seeks to capitalize on the projected $2 trillion in new issuance for the 2026 fiscal year [1].
“forecast for new bond issuance in 2026 is approaching $2 trillion”
The shift toward a new-issue solution indicates that MarketAxess is moving up the value chain from secondary market trading into the primary issuance process. By diversifying away from a heavy reliance on U.S. credit and targeting a $2 trillion issuance window, the company is attempting to insulate its revenue streams against regional market volatility while scaling its global footprint.
