good Thanks, Billy, and morning.
to will otherwise unless prior all year noted. go I comparisons through the the be As numbers, period,
me our billion, of provides of a nine. U.S. second quarterly swaps U.S. We Let of reported volumes excluding XX, tenor XX% ETFs credit, Slide up created notable and up Areas our with government year, earnings XX% daily highest corporate summary our growth year-over-year an corporate European quarterly overview on slide bonds, and performance. government when volume nearly repos. include, average in bonds, short $XXX swaps. U.S. credit, of institutional European one begin
customers on base that reported basis. in is of of denominated volumes XX% currency on and than from quarter dollars our international our approximately derived gross We revenues other a currencies XX% increasing recall revenues euros. constant predominantly into translated revenue by in and XX.X% second a The XX% approximately
we revenues in trading dealers up classes by variable dealers were Adjusted in growth revenues our up continue Credit related adjusted Chinese clients currency we asset of at of nicely is grow X.X% XX.X% Other Our and for Equities item $X.XX. increased technology benefit fixed periodic points increased came X.X% new EBITDA to quarter enhancements to and the total the is proprietary Total a X.X%, All-in, in addition increased growth lumpy to FX. of revenue X.X% and growth retail XXXX this second data from relative impact and by revenues revenues as was and our line income and margin by primarily scale. our by to the affected diluted revenue per fixed due revenue on to addition was APA basis. by and driven Credit as trading major clients. Market XX.X%. a constant driven formed XX.X% and reminder, expanded XXX products. fixed additional new bonds. net continued U.S. basis in reported tied by by Refinitiv, of four to data share
on I of and result describe by Moving one RFM. a our and asset stronger in a due our within slide as to credit to than fees classes. per the fee emerging primarily swaps greater on X% higher year increased four per XX, growth mix per fees growth blended to previously various million IRS trends stated the In million in sum, million am million year-over-year, initiative fee about markets’ in of per are products the driven improving
our per short swaps tenor Excluding lower was per million futures, blended million and up fee fees X%.
class. was up asset rates, per by XX%. Starting fees per million trends underlying the review Let’s with average rates
due include in TBAs, government in million For was cash and Treasuries. growth primarily fees per which per fee to million rates bonds products, U.S. X% higher up
due XX% higher carries per lower down than fees strong volatile per quarter as in per credit and increased growth credit XXXX. yield, products high second include which swaps, FRAs, in cash with Continuing overall growth to declined cash in of a growth U.S. in swaps, for swaps growth short million to activity Drilling to a XX% due compared record futures X% other high million million fee fee per index swaps. XX% in average average increased credit. increased overnight which million volumes higher on average million a credit, per higher per saw derivatives, which CDS while carries tenor fees fees fee per long For rates yield, EM million per cash rates up was RFM. million to fee In due to credit, million stronger tenor primarily fee and U.S.
million electronically cash per than a U.S. derivatives, per high Looking per Continuing credit processed carries for equities in volume, which processed increased equities, million fees grade higher category, at fee fee the U.S. credit average growth by X% electronically average. driven derivatives XX% the credit overall. down million was with
in and Equity not U.S. decreased equities, derivatives asset average fee derivatives a notional for million values, and share notional U.S. ETFs. per value million per the Recall rising cash derivatives equity fee was to U.S., average traded. we XX% European which due the growth XX% carry a million decline charge lower due driven per per per than decreased to in and fee by equity within futures in fee U.S. by For This inflating average. traded. million
decreased money fee record This market in markets, primarily was which other per fee XX%. per within carries than Finally, lower a million reached driven products. million repo, by Repo money levels. growth
by we retail early from XXXX, constant have remained our XXX environment. the growth. margin change increased In XX.X% currencies denominated philosophy money Adjusted XX higher continue in our and grown of has public now markets invest to per predominantly for more here. There XX% a basis. Since and addition, been high for expanded than interest quarter going believe fee no dollars we low to quarterly margin level, pressured details in a Slide approximately here. to rate At sterling. expenses revenues the XX.X% base continue second Recall other expenses. million XX% currency points our expense is EBITDA over we there’s upside revenue by on in and and adjusted business basis
XX% to Second to were expense XX.X% and G&A non-comp XX.X%. technology to FX. support performance quarter currency higher unfavorable basis and our and increased due Adjusted and compensation, a at a headcount on to and employee as higher increased non-comp higher due G&A constant quarter XXXX, to movements compensation. Adjusted reported expenses XXXX on costs adjusted technology second growth, related compared as as operating communication. primarily increased to well basis communications expense due increased Compensation primarily in
result Specifically, increased which communications as of volumes data streaming AllTrade continue credit and technology U.S. grow. and in Treasury higher clearing due to volumes costs primarily to higher and fees a
infrastructure. due In addition, primarily a unfavorable administrative gradually hedging also higher or $XXX,XXX as our just impact XXXX the realized versus infrastructure XXXX. guidance. details to realized in quarter recover marketing and second XX% capital loss we in consulting movement from gains Professional entertainment in data Slide travel this on pandemic, quarter and and the fees to in balances. and management for previously which our communicated of our increased FX investments related Adjusted an the spend strategy and $XXX,XXX a second saw and continued unrealized increase we general to XX cash strategy quarter and data and gain resulted impact FX, our in fees technology. in due losses Recall, out FX increased investment increased
cash flow for to First, the reached holding equivalents capital position, We on and second cash $XXX trailing $XXX acquisition XX policy. quarter position NFI cash a free cash million the our strong and in in subsequent ended months. million and return
million spend. We of the quarter. $XXX undrawn development dilution a Class increase primarily as of a quarter end. of quarter per offsetting equity earnings, capitalized have an investment that for this during We was -- undrawn B XX% timing With revolver year-over-year, to to quarter’s Class as CapEx and software declared share. the and $XX.X of the spent dividend board due $X.XX access quarterly A remains million, $XX.X million
our $XX the $XX program million at spent deployment of end buyback share for million leaving the we future regular Specifically, under quarter.
to payroll the $X we of upon In tax stock in shares million exercise obligations cover withheld addition, options.
slide share price. our fluctuations our you for sensitivity to we use our have compensation. share calibrate On XX, quarterly repurchase your for we help reminder, models count equity mostly to in a As authorization XXXX plan to share updated ongoing offset
other to XXXX. for items guidance Turning
now We and million, million recent to revenue our expecting XXXX are businesses. invest strong of and the increased range $XXX expenses and investments in a support our incorporates will to back growth adjusted of the half continue from in to expectation which to environment $XXX NFI year acquisition
at believe can end We we operating range. expansion continue of drive either XXXX margin to this substantial to compared
an purposes, we the to continue forecasting XX% use assumed tax year. of non-GAAP For rate for
We $XX expect be CapEx and be NFI accounting And acquisition related million capitalized the software acquisition $XX adjust to to now the Refinitiv to development given the out we DNA, now million, is to NFI which due and pushdown $XXX and acquisition. the of expected transaction increase million. associated with impact
back turn will concluding I Now it for to Lee remarks.
