MarketAxess, the internet-based, multi-dealer trading platform for credit products, has posted trading volumes of $58.2bn (€49.5bn) in the third quarter, up four-fold compared with $11.9bn in the same period a year ago.

Year-to-date global volume reached $129.0 billion, a four-fold increase over the $30.8 billion in the comparable period last year, and far exceeding the $48.4 billion traded in all of 2002.