MarketAxess Holdings Inc., the operator of a leading electronic trading platform for fixed-income securities, announced its trading volume statistics for August 2025, showcasing significant progress across various channels. The company reported an 8% growth in block trading average daily volume $(ADV)$, driven by a 95% increase in eurobonds and a 14% rise in emerging markets, despite a 1% decline in U.S. credit. Cumulative trading volume from their targeted block trading solution reached approximately $8.9 billion. In terms of specific products, U.S. High-Grade ADV saw a 7% month-over-month (MoM) and an 11% year-over-year (YoY) decline, while U.S. High-Yield ADV decreased by 9% MoM but noted a 4% YoY decline. Emerging Markets ADV declined by 8% MoM but increased by 8% YoY. Eurobonds experienced a 17% MoM decline but grew 27% YoY. Other Credit Products, which include municipal bonds, leveraged loans, convertible bonds, and structured products, saw a 1% MoM increase but a 2% YoY decrease. The results highlight MarketAxess's ongoing initiatives and evolving market dynamics within the electronic trading landscape.