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.
MarketAxess Holdings reported its Q3 2021 results with revenues of $162.1 million, a decrease of 1% year-over-year. Operating income fell 16% to $74.0 million, resulting in an operating margin of 45.7%. Diluted EPS decreased 15% to $1.52. Despite these declines, the company achieved a record client base of 1,848 and a U.S. high-grade market share of 21.4%. Total expenses rose 15.6% to $88.1 million, influenced by various operational costs. The board declared a cash dividend of $0.66 per share, payable on November 17, 2021.
MarketAxess Holdings (Nasdaq: MKTX) has appointed Kathryn Sweeney as the Head of Index and ETF Solutions as of October 18, 2021. Sweeney will focus on developing and executing the firm's index and ETF business strategy, leveraging MarketAxess’ proprietary market data to create indices and portfolio solutions. Chris Concannon, President and COO, highlighted her extensive experience in trade execution and product development as critical for advancing the company's strategic vision in the evolving fixed-income index market. Sweeney previously held a senior role at State Street Global Advisors.
MarketAxess Holdings reported a monthly trading volume of $559.5 billion for September 2021, with $215.0 billion in credit and $344.5 billion in rates. Preliminary variable transaction fees per million for Q3 2021 were $165 for U.S. high-grade credit and $3.90 for rates. The fee data may be revised in future updates. Recent changes by FINRA regarding fixed-income trade reporting may affect market volume estimates. Detailed volume reports are accessible on the Company's investor website.
MarketAxess Holdings Inc. (Nasdaq: MKTX) will announce its 2021 third quarter results on October 20, 2021, before the market opens. Key executives, including Richard M. McVey, will hold a conference call at 10:00 a.m. ET to discuss the financial outcomes and future outlook. Interested parties can join via phone or access a live Webcast on the company’s Investor Relations website. A replay will be available post-call using the specified numbers for one week. MarketAxess provides a leading electronic trading platform for fixed-income securities, enhancing liquidity and execution quality.
MarketAxess Holdings (Nasdaq: MKTX) has launched a new trading channel connecting global investors to China's onshore bond market through CFETS. This initiative aims to enhance access for over 1,800 global investors while facilitating trading via familiar protocols. The move comes as the onshore bond market, valued at $15 trillion, experiences increased foreign investor participation. The platform's total credit trading volume reached $669 billion in Q2, signaling MarketAxess' commitment to expanding its global footprint in fixed-income trading.
MarketAxess Holdings Inc. (MKTX) reported a monthly trading volume of $467.7 billion for August 2021, split between $176.0 billion in credit volume and $291.7 billion in rates volume. This volume reflects the company's strong electronic trading platform for fixed-income securities. The report noted the impact of new FINRA corrections on volume reporting. Although the platform supports over 1,800 firms globally, there are ongoing risks from competition and technological changes that could influence future performance.
MarketAxess Holdings (Nasdaq: MKTX) will host an Investor Day on September 14, 2021, featuring presentations by CEO Rick McVey and senior management, discussing the company's strategies and growth opportunities. The virtual event allows for live Q&A sessions with analysts and investors. The webcast is scheduled from 8:30 a.m. to 12:30 p.m. ET and will be available for replay on the company's website. The press release includes cautionary notes regarding forward-looking statements and potential risks affecting future performance.
MarketAxess Holdings Inc. (MKTX) reported a monthly trading volume of $499.6 billion for July 2021, comprising $206.1 billion in credit and $293.6 billion in rates. This reflects a 5.6% increase in total credit volume compared to July 2020, while U.S. High-Grade trading volume decreased by 3.0%. The company noted that recent FINRA corrections reduced TRACE reported volume by 2.5% for both U.S. high-grade and high-yield bonds. MarketAxess highlighted its role in providing key trading solutions and data services across global fixed-income markets.
MarketAxess Holdings reported Q2 2021 revenues of $176.3 million, down 5% year-over-year, with an operating income of $87.2 million, reflecting a 16% decline. The diluted EPS dropped 20% to $1.77. Despite a 21.1% market share in high-grade trading, total estimated U.S. credit TRACE trading volume fell by 18.7%. The company experienced increased expenses, rising 10.5% to $89.2 million. A dividend of $0.66 per share was declared, and share repurchases totaled 28,701 shares at a cost of $13.4 million.
MarketAxess Holdings announced that Christopher Gerosa will succeed Tony DeLise as CFO effective August 1, 2021. Gerosa, who has been with the company since 2015, previously served as CFO of Primus Guaranty. CEO Rick McVey praised DeLise for his leadership and contributions to the firm, which has established itself as a leader in electronic trading for fixed-income securities. DeLise will transition to focus on Investor Relations and Corporate Development post-transition.
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