Thanks, morning. good Billy, and
period, all I will numbers, As the to go prior the otherwise be unless noted. comparisons through year
product our average more swaps. on excluding growth and that achieved records, The of volume Slide by trillion, ETFs global that we activity their quarterly and basis. currency a Let provides quarterly overview derived monthly Among the of quarterly a We begin with ADV. and corporate our the approximately of volumes volumes quarter customers an in a me euros. XX% European volume XX in of currencies of XX.X% and up U.S. year-over-year recall had include up include $X.X institutional report, our more international short-tenor X. notable daily XX% revenues XX product reported and XX%. excess second highest is record denominated XX% while translated of when produced another predominantly gross XX bonds, categories XX swaps, in U.S. even in XX Perhaps strong on than X areas year-over-year into growth other of on reported from X% dollars, quarterly U.S. revenues revenue Slide our credit, European of performance. than first summary constant our and government earnings We increasing record approximately repo. XX.X% base Areas
European was the to our NFI X.X% trading by revenues constant and a our of X growth was were while related driven Total revenues driven fixed down acquisition, Other revenue classes XX%. currency grow, fixed the primarily continued variable basis. fixed Rates growth Our credit and XX.X% by asset by Credit. by total revenue addition increased on trading up XX.X%. increased to revenue revenues major X.X%
it by declined was XX.X% factors: XQ align retail to for as technology performed Relative in of relative track reminder, no our to 'XX, affected expansion. is on margin share to change price the to increased in our 'XX, income the margin and by XXXX, Market balancing payroll remain there first a incentive primarily does two, XX points revenues pickup net annual tied of Adjusted delivering enhancements reported margin performance; three, the compensation higher driven to equity growth and to headcount; of due at this of X been periodic higher expansion stronger levels. With that data by of X%, a XX basis one, As products. revenue basis elevated margin XXXX. annual with we in, by compensation proprietary from $X.XX. increased in diluted increased by taxes, clients. data stock has due we committed quarter said, and growth vesting better to revenue All but compensation year line EBITDA fluctuate to full impacted points adjusted per with
Moving X of about various are year-over-year, to XX. million equities. on The our on describe credit, by products Slide driven In a million cash growth fees result blended to primarily within sum, stronger per trends rates cash per classes. fee the higher asset our million in per X% that a as and of mix I'm fees increased
Excluding fees short-tenor lower up million futures, our were fee X%. per blended million and swaps per
Let's Average million class, were starting asset fees per X%. with review by trends rates. the for underlying up rates
cash primarily treasuries fee to growth certain million were contracts. to European million rate X%, variable fees bond in and fixed clients higher government up migration products, from U.S. For of per per due
in offset short-tenor which mix credit. lower by derivatives, processed per other trades. product swaps, on relative fees a stronger carries X% which a XX% due million credit were which million derivatives fees lower long-tenor For per FRAs. That fee than decreased swaps, credit lower increased X% up and down fee with fees in X%, cash EM credit. OIS, fees to to million RFM. Continuing average growth average per billable towards in per rates due Average rates Swaps credit, Drilling million a In yield, due duration. stronger and per million includes per to growth growth million primarily electronically to cash volume, high to U.S. fee futures shift per higher carries for million and decreased due was volume overall
high-yield and high-grade the U.S. quarter. Our first in were record a volumes
higher at with increased XX%. carries fees fees Looking million in CDS, million million per and electronically were than average. the growth per category, U.S. group European per credit by Continuing processed a Average X%, which driven derivatives equities. up cash the credit equities for fee
by driven XX% per in notional notional we for U.S. in which For traded. U.S., charge increased fees carry in million and X% per a decrease due by cash Equity to equities, was average a lower features, per million equity increase an share average fees due per not to million fees derivatives ETFs, within average. million share the value fee per per than the equity traded. which derivatives growth decreased Recall in
the our partially currency Finally, constant XX.X% million was currencies low offset The XX.X% first base million. per details environment. primarily on XX by Adjusted predominantly fees reduction rate in which million, million Recall, a within for fees European X%. increased interest and remained markets, This basis. dollars, expenses. driven other Slide our an fee money fee a higher in retail is expense business our CD expenses sterling. in pressured denominated markets the retail was money in by increased quarter XX% per repo than by increase our of approximately per per
X.X% increased by incentive lower compensation, quarter communication, helped currency technology were higher on costs to due and of G&A technology 'XX the and Adjusted I equity discussed FX. basis favorable increased and Compensation expense partially noncomp to taxes XX.X% but in First to compared increased occupancy communications quarter on a miss offset constant to by costs. noncomp expenses Adjusted to due and a XX.X%. expense headcount, employee were D&A, 'XX compensation related first operating increased primarily and payroll as basis, reported compensation higher due which earlier. that D&A, adjusted were
U.S. and volumes fees and credit communication and grow. costs of to treasury due tech increased volumes continue higher data primarily result which higher Specifically, AllTrade a streaming to clearing as
first communicated from an in in million primarily this investments and the first In costs and addition, details quarter impact continued general 'XX. and million X.X% travel Adjusted June in strategy by to inclusion $X.X fees increase year. of decreased costs, also realized movements our a increased quarter in gain Slide our in Professional in the to last offset acquisition loss and XX pandemic. due infrastructure. expenses of of previously management $X.X FX 'XX of saw due legal data NFI the the realized in following versus guidance. lower Favorable partially capital quarter recover entertainment a our the to administrative resulted of
First, XX million We free nearly return on and a for holding and position, first million in months. cash equivalents, reached cash in and policy. quarter cash the strong position our ended cash $XXX capital the trailing flow $XXX
that an We for CapEx was have and of the million to due primarily a quarter quarter software XX% spend. as $XXX revolver access accelerated increase remains to development of $XX of timing undrawn investment capitalized end. year-over-year, million,
capital We to software full the B $XXX earnings, expenditures and $X.XX year. continue We and be expect quarterly the during $XX per spent dilution With million capitalized of a Board offsetting equity dividend A to in Class quarter. for million of declared $XX Class the million to range this share. the quarter's
leaving under end we program, deployment the $XX at quarter. the spent for buyback share Specifically, $XX million our regular future of million
tax related obligations XX In shares equity cover payroll million to compensation. addition, to in we withheld
to equity mostly dilution offset we our plan compensation. use reminder, a authorization As from share to repurchase ongoing
items In line guidance $XXX other to million. to expect range we $XXX with adjusted XXXX. previous from our expenses Turning guidance, to for million
non-GAAP you 'XX share we we've forecasting sensitivity for second tax Slide updated to For continue count rate finally, of in XX, for quarter an help of assumed calibrate models to And use purposes, year. our for quarterly share price. your the fluctuations XX% on the our
remarks. for Lee to Now concluding I'll turn it back
