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.
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.
State Street Global Advisors has launched the SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG), marking its first fixed income ETF focused on liquidity. This ETF aims to provide investors with credit exposure to U.S. investment-grade corporate bonds featuring higher liquidity, tighter bid-ask spreads, and lower premiums. It tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index, which consists of 400 bonds with above-average liquidity. The launch seeks to enhance transparency and tradability in the traditionally illiquid fixed income market.
MarketAxess Holdings reported a significant rise in April 2022 trading volume, achieving $38.1 billion in average daily volume (ADV), up 56% year-over-year. Key highlights include a 90% increase in rates ADV and a 14% boost in credit ADV. U.S. Treasury ADV soared to $25.5 billion, marking a 91% rise. Market share also improved, with U.S. high-grade and high-yield ADV increasing to 22.6% and 16.9%, respectively. The Open Trading® network contributed to approximately 34% of total credit trading volume, reflecting robust market activity.
MarketAxess Holdings Inc. (MKTX) reported 1Q22 revenues of $186.1 million, marking the second highest quarterly revenue ever. U.S. Treasury, emerging markets, and municipal bond revenues reached record levels. Total expenses were $98.0 million, a 7% increase, resulting in EBITDA of $105.8 million (margin of 56.8%). Diluted EPS was $1.71, affected by $0.02 from special items. The company declared a $0.70 dividend and repurchased 101,514 shares for $38.8 million. Record trading volumes reached $37.5 billion, significantly up 22%.
MarketAxess Holdings Inc. (Nasdaq: MKTX) is set to announce its first quarter 2022 financial results on April 20, 2022, before market opening. The announcement will be followed by a conference call hosted by key executives, including CEO Richard M. McVey. Investors can participate via a dedicated phone line or through a live audio Webcast on the company's website. MarketAxess operates a prominent electronic trading platform, providing liquidity and cost savings to institutional investors globally, with nearly 1,900 firms utilizing its services.
MarketAxess Holdings reported a record trading volume of $894.6 billion in March 2022, marking the second-highest monthly total ever, bolstered by strong credit and rates activity. The company achieved record quarterly trading volumes, surpassing the previous peak in Q1 2020, driven by emerging markets and U.S. Treasury trades. Estimated transaction cost savings for clients through Open Trading reached $201 million, exceeding last year’s figures. Average transaction fees per million for various asset classes are also detailed, indicating a stable trading environment.
MarketAxess Holdings Inc. (Nasdaq: MKTX) has launched the MKTX U.S. Investment Grade 400 Corporate Bond Index on March 16, 2022. This index tracks 400 U.S. dollar-denominated investment grade corporate bonds known for high liquidity. By utilizing proprietary liquidity and pricing data, MarketAxess aims to enhance transparency and trading efficiency in the fixed income market. The index is expected to facilitate tactical portfolio adjustments and improve market participation, highlighting a commitment to innovation in fixed-income data solutions.
MarketAxess Holdings (Nasdaq: MKTX) has launched Axess All Prints, enhancing its real-time transacted price service for fixed-income instruments in the UK and EU. This service builds on the original Axess All launched in 2015, now offering real-time pricing on over 15,000 executed trades across 4,250 unique instruments. The upgrade aims to improve transparency and execution quality for trading desks by providing more accurate and timely market data.
MarketAxess reported a total trading volume of $716.8 billion for February 2022, marking a 17% increase from February 2021. This growth was driven by a remarkable 29% surge in U.S. Treasury volume to $495.4 billion. Notably, the trading volume in U.S. credit decreased 2% year-over-year, despite a 19.9% market share in high-grade credit. Meanwhile, Eurobond volume increased by 9%, and municipal bond trading soared by 210%. Active client expansion contributed to these positive trends, although estimated market volumes showed declines in certain segments.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that Rick McVey, CEO, and Chris Gerosa, CFO, will participate in the 43rd Annual Raymond James Institutional Investors Conference on March 7, 2022, at 1:05 p.m. EST. Investors can access a live webcast and replay via the Investor Relations homepage. MarketAxess operates a leading electronic trading platform for fixed-income securities, serving nearly 1,900 firms globally. The company's technology enhances trading efficiency and liquidity, making it a preferred platform in the credit markets.
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