MarketAxess Holdings (MKTX) said Thursday its total trading average daily volume in February rose 5% year-over-year to $45.69 billion.

The total portfolio trading average volume for the month climbed 5% from the prior year to reach $1.54 billion, the company said.

Average daily volume for total credit trading increased 11% year-over-year to $17.26 billion last month, while dealer-initiated volume dropped 2% to $1.83 billion, MarketAxess said.