Welcome to our dedicated page for MarketAxess Holdings news (Ticker: $MKTX), a resource for investors and traders seeking the latest updates and insights on MarketAxess Holdings stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MarketAxess Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MarketAxess Holdings's position in the market.
MarketAxess Holdings Inc. announced trading volume and transaction fees for April 2024. CEO Chris Concannon highlighted strong growth in credit ADV, driven by increases in U.S. high-grade, emerging markets, and municipal bonds. Total ADV was $34.1 billion, up 22.6%, with notable increases in rates trading ADV and total credit ADV. MarketAxess saw a decrease in U.S. high-yield ADV but an increase in new issuance. The company also reported growth in emerging markets ADV, municipal bond ADV, and portfolio trading volume. Open Trading share of total credit trading volume decreased slightly. Preliminary fees for total credit and rates were lower than the prior year. MarketAxess continues to exclude single-dealer portfolio trading activity from reported figures.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced the appointment of Dan Burke as Global Head of Emerging Markets, responsible for developing and executing business strategy for EM trading. Burke, with extensive experience in Emerging Markets, joins from Standard Chartered where he played a key role in automating credit offerings. MarketAxess aims to enhance liquidity and efficiency internationally under Burke's leadership. Recent investments in EM trading solutions led to a record average daily volume of $3.6 billion in Q1 2024, with Latin America and Asia-Pacific clients contributing significantly to the growth.