Welcome to our dedicated page for Marketaxess Hldgs news (Ticker: MKTX), a resource for investors and traders seeking the latest updates and insights on Marketaxess Hldgs stock.
MarketAxess Holdings Inc. (MKTX) operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. Founded in 2000, MarketAxess connects over 1,300 institutional investor and broker-dealer firms worldwide, providing access to global liquidity in U.S. high-grade corporate bonds, emerging markets, high-yield bonds, leveraged loans, European bonds, U.S. agency bonds, municipal bonds, credit default swaps, and other fixed-income securities.
The company's 'all-to-all' market for corporate bonds, known as Open Trading™, allows investment managers, broker-dealers at investment banks, and other market participants to trade directly with one another electronically on an anonymous basis. This innovation promotes greater transparency and efficiency in the bond trading process.
In addition to its core trading platform, MarketAxess offers a range of trading-related products and services. These include market data to assist clients with trading decisions and connectivity solutions that facilitate straight-through processing (STP). The company's strategic acquisitions have further expanded its capabilities. For example, the acquisition of LiquidityEdge in 2019 and MuniBrokers in 2021 have allowed MarketAxess to aggressively expand into Treasury and municipal bond markets.
Furthermore, MarketAxess has strengthened its pre- and post-trade services through the acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020. This expansion enhances their product offerings and positions the company as a comprehensive service provider in the fixed-income trading space.
MarketAxess continues to innovate and grow, solidifying its position as a key player in the electronic fixed-income trading market. As the company evolves, it remains committed to providing efficient, transparent, and reliable trading solutions to its global client base.
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.
MarketAxess Holdings (Nasdaq: MKTX), a leading electronic trading platform operator for fixed-income securities, announced it will release its fourth quarter and full-year 2024 financial results on Thursday, February 6, 2025, before market open. The company will host a conference call at 10:00 a.m. ET on the same day, featuring CEO Chris Concannon, Global Head of Trading Solutions Richard Schiffman, and CFO Ilene Fiszel Bieler, who will discuss financial results, provide a strategic update, and share the company's outlook.
The conference call will be accessible via phone at 646-307-1963 (ID: 1832176) and through a live audio webcast on the company's Investor Relations website. The webcast recording will remain available for 90 days after the announcement.
MarketAxess (MKTX) reported record Q4 2024 total trading average daily volume (ADV) of $41.0 billion, up 38% year-over-year. The growth was driven by record total rates ADV of $27.1 billion (+64% YoY) and total credit ADV of $13.9 billion (+6% YoY).
December 2024 total ADV was $32.0 billion, increasing 19% from the prior year but decreasing 29% from November 2024 due to seasonal slowdown. Notable achievements include record municipal bond ADV and strong performance in emerging markets, where ADV increased 18% YoY in Q4. Portfolio trading showed significant growth, with total portfolio trading ADV reaching $1.1 billion in Q4, up 57% YoY, with a record 77% executed on X-Pro in December.
The preliminary variable transaction fees per million for total credit in Q4 2024 was approximately $150, down from $156 in the prior year but slightly up from $149 in Q3 2024.
MarketAxess (Nasdaq: MKTX) has expanded its AI-powered pricing engine, CP+, to cover municipal bonds. The system leverages proprietary data from the MarketAxess trading platform, TraX® market data, and public sources like TRACE to provide real-time pricing for approximately 930,000 municipal bonds.
The expansion aims to deliver accurate and unbiased reference pricing for MSRB-reportable municipal bonds, enhancing transparency and efficiency in the historically fragmented municipal bond market. CP+, which was first introduced in 2017, serves as a critical data input for multiple MarketAxess trading protocols and solutions, including Auto-X™ and Portfolio Trading.
MarketAxess Holdings (Nasdaq: MKTX) reported its November 2024 trading statistics, achieving a total average daily volume (ADV) of $44.9 billion, up 56% year-over-year but down 3% from October 2024. Total rates ADV reached $30.7 billion, showing a 112% increase from the previous year. Total credit ADV was $14.3 billion, flat year-over-year but down 5% from October.
Notable achievements include record emerging markets ADV of $3.8 billion (up 15% YoY) and record municipal bond ADV of $631 million (up 5% YoY). The company's portfolio trading solution showed positive engagement with 21 dealers and 26 long-only clients, with average trade size over $4 million notional. A record 76% of portfolio trading volume was executed on X-Pro.
MarketAxess Holdings (Nasdaq: MKTX), a leading electronic trading platform for fixed-income securities, has announced its participation in the Goldman Sachs Financial Services Conference. CEO Chris Concannon and CFO Ilene Fiszel Bieler will engage in a fireside chat on December 11, 2024, at 8:40 a.m. ET.
The event will be accessible through a live webcast, with a replay available on the MarketAxess Investor Relations website's events and presentations section.
FAQ
What is the current stock price of Marketaxess Hldgs (MKTX)?
What is the market cap of Marketaxess Hldgs (MKTX)?
What does MarketAxess Holdings Inc. do?
When was MarketAxess founded?
What is Open Trading™?
What types of securities can be traded on MarketAxess?
How does MarketAxess provide market data?
What recent acquisitions has MarketAxess made?
Who are the primary users of the MarketAxess platform?
How does MarketAxess ensure efficient trading?
In which markets has MarketAxess expanded recently?
What additional services does MarketAxess provide?
