MarketAxess rises after Q3 profit beat
** Shares of bond trading platform MarketAxess Holdings MKTX.O up 3.9% at$290 before the bell
** MKTX beats third-quarter profit estimates, helped by strong activity in the bond market
** The average daily trading volume for U.S. government bonds on MarketAxess' platform was up 43% at $25.30 billion during the third quarter from a year ago
** Total credit average daily volume, which is a measure of the average daily number of bond transactions on MarketAxess' platform, rose 27% to $14.12 billion
** The company's third-quarter profit of $1.90 per share came in above analysts' average estimate of $1.85 - LSEG
** As of last close, MKTX down ~5% YTD
Reporting by Pritam Biswas in Bengaluru
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