This is the High Yield Market
MarketAxess is the largest and most dynamic electronic marketplace for US High Yield trading. The world's most sophisticated traders are here because this is where the market sets the standard. Trusted by the firms that move markets. Built for traders who lead, not follow.
Market share in US High Yield electronic trading
Market share in HY TRACE ($250K–$1M trades)
MarketAxess HY volume
Average number of responses
Start every day ahead of the market
The High Yield Morning Pulse delivers exclusive daily intelligence and metrics others can only guess at. Price movements, trading volumes, sector shifts, market sentiment—all before your first cup of coffee. In a space driven by story and momentum, knowing first is everything.
Get the edge with CP+™
Anyone can see a price. CP+ shows you what’s behind it. Powered by our aggregated platform data, you get the full depth of bids and offers so you can spot where the axe is moving and read the market before anyone else.
See the market others can’t
With 7+ responses per inquiry, you’re capturing an average of 3 cents better execution per trade. That’s the advantage when you're plugged into the deepest liquidity network in high yield and operating with information others don’t have.
Discover a smarter way to trade High Yield
Get in touch*All numbers as of FY 2025 unless otherwise noted.
