Marketaxess Hldgs Inc - MKTX STOCK NEWS

MarketAxess Holdings (Nasdaq: MKTX) achieved a significant milestone with an all-time single-day record of $102.3 billion in U.S. Government Bonds notional traded on April 9. The record trading volume was attributed to increased market volatility, driving strong market volumes and notable uptake in client and algorithmic trading.

The company's Head of Rates, Chris Good, highlighted growing client adoption of firm liquidity sources like Live Markets® during volatile market conditions. MarketAxess is expanding its offerings with Pragma technology and plans to introduce enhanced Request for Quote (RFQ) capabilities for U.S. Government Bonds, which will enable dealers to expand their reach through the MarketAxess client network.

MarketAxess (MKTX) reported strong trading volumes for March and Q1 2025, with record total credit Average Daily Volume (ADV) of $17.8B in March, up 20% year-over-year. The company achieved record total ADV of $46.5B in March 2025, representing a 46% increase from the previous year.

Key highlights include record Q1 2025 performance with total ADV of $42.9B, up 31% year-over-year. The company saw significant growth in portfolio trading, with March 2025 ADV reaching $1.5B, up 134% from the prior year. U.S. high-grade estimated market share was 20.0% in March 2025, improving from 19.8% year-over-year and 17.8% in February 2025.

Notable achievements include record block trading volumes in emerging markets and eurobonds, with March 2025 emerging markets block trading ADV of $1.7B (+37% YoY) and eurobonds block trading ADV of $510M (+106% YoY). Open Trading ADV reached $5.5B in March 2025, representing 37% of total credit trading volume.

MarketAxess Holdings (Nasdaq: MKTX) reported its February 2025 trading statistics, showing mixed performance across different segments. Total average daily volume (ADV) reached $43.4 billion, up 27% year-over-year and 11% from January 2025.

Key metrics include:

• Total rates ADV: $27.9 billion (+46% YoY)
• Total credit ADV: $15.5 billion (+2% YoY)
• U.S. high-grade ADV: $7.1 billion (-8% YoY)
• Record emerging markets ADV: $4.1 billion (+13% YoY)

The company's market share in U.S. high-grade credit declined to 17.8% from 19.5% year-over-year. However, portfolio trading showed strong growth, with ADV of $1.5 billion (+131% YoY). The company's CEO acknowledged challenges in U.S. credit performance but highlighted upcoming launches of High Touch block trading solution and dealer Mid-X protocol in Q2 2025.

MarketAxess Holdings Inc. (Nasdaq: MKTX), a prominent operator of an electronic trading platform for fixed-income securities, announced that its CEO, Chris Concannon, will participate in the Raymond James 2025 Institutional Investors Conference on March 3, 2025. Mr. Concannon is scheduled for a fireside chat at 4:35 p.m. ET. The live webcast and replay of the session will be accessible via the events and presentations section on the MarketAxess Investor Relations homepage.

MarketAxess Holdings (MKTX) reported record full-year 2024 revenue of $817.1 million, up 9% from 2023. The company achieved record commission revenue across emerging markets, Eurobonds, and municipal bonds, with a combined 15% increase. Q4 2024 total revenues were $202.4 million, with diluted EPS of $1.73 on net income of $65.1 million.

Key highlights include 9% growth in U.S. high-grade commission revenue, though offset by a 17% decline in U.S. high-yield commission revenue. Record rates commission revenue increased 21%, while services revenue grew 18% to $105.4 million. Total expenses increased 9% to $476.2 million. Full-year EPS rose 6% to $7.28 on net income of $274.2 million.

For 2025, the company expects services revenue to grow in mid-single digits and expenses to range between $505-525 million. The company repurchased 341,477 shares for $75 million in 2024, with $220 million remaining under authorization.

MarketAxess Holdings (Nasdaq: MKTX), a leading electronic trading platform operator for fixed-income securities, has announced its participation in the upcoming UBS Financial Services Conference. CEO Chris Concannon and CFO Ilene Fiszel Bieler will engage in a fireside chat scheduled for February 10, 2025, at 2:40 p.m. ET.

Interested parties can access both the live webcast and replay of the discussion through the events and presentations section of the MarketAxess Investor Relations website at investor.marketaxess.com/events-and-presentations.

MarketAxess Holdings (Nasdaq: MKTX) reported its January 2025 trading statistics, showing mixed results across different segments. Total average daily volume (ADV) reached $38.9 billion, up 22% year-over-year and month-over-month. While total rates ADV increased by 45% to $24.5 billion, total credit ADV declined 3% to $14.5 billion compared to the previous year.

The company experienced market share declines in key segments: U.S. high-grade market share fell to 17.7% from 19.1% year-over-year, and U.S. high-yield dropped to 12.0% from 13.0%. Portfolio trading showed mixed results, with Eurobonds volume increasing 219% year-over-year, while total portfolio trading ADV grew only 1%. The preliminary variable transaction fees per million for total credit decreased to $141 from $156 year-over-year.

MarketAxess Holdings (Nasdaq: MKTX) announced the election of Roberto Hoornweg to its Board of Directors, effective March 1, 2025. Hoornweg will serve on the Board's Risk Committee and Finance Committee. He currently serves as Co-Head of Corporate & Investment Banking at Standard Chartered, appointed in April 2024, following his role as Global Head of Financial Markets since January 2017.

Hoornweg brings extensive global financial markets expertise, with previous senior roles at Brevan Howard Asset Management, UBS Investment Bank, and a 17-year career at Morgan Stanley where he led global Emerging Markets Fixed Income & FX business. He holds a Bachelor of Science in Economics from MIT.

CEO Chris Concannon highlighted Hoornweg's experience in fixed-income and international markets as valuable assets for MarketAxess's global market expansion strategy.

MarketAxess Holdings (Nasdaq: MKTX) has rescheduled its fourth quarter and full-year 2024 financial results conference call to 10:30 a.m. ET on Thursday, February 6, 2025. The company will release its financial results before the market opens on the same day.

The conference call will feature CEO Chris Concannon, Global Head of Trading Solutions Richard Schiffman, and CFO Ilene Fiszel Bieler, who will provide a strategic update and discuss financial results and outlook. Participants can join via phone at 646-307-1963 using ID 1832176 or access the live audio webcast through the company's Investor Relations website. The webcast recording will be available for 90 days after the announcement.