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 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.
MarketAxess Holdings (MKTX) announced the election of Charles Li to its Board of Directors, effective July 13, 2021. Li, former CEO of HKEX, is recognized for expanding fixed-income trading and electronic platforms during his tenure. His appointment comes as MarketAxess focuses on enhancing growth in the Asia-Pacific region, where trading volume from Asia-based participants reached $23.9 billion in Q2 2021, a 37% increase year-over-year. Both Li and MarketAxess express optimism about the future of electronic trading in Asian bond markets.
MarketAxess Holdings Inc. (Nasdaq: MKTX) will announce its 2021 second quarter results on July 21, 2021, before the markets open. Key executives, including Richard M. McVey (CEO), Chris Concannon (COO), and Antonio L. DeLise (CFO), will host a conference call at 10:00 a.m. EST to discuss the financial results and outlook. Interested parties can join the call by dialing 855-425-4206 (U.S.) or 484-756-4249 (international), or via live audio Webcast on the Investor Relations section of their website. A replay will be available for one week after the announcement.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced a monthly trading volume of $567.0 billion for June 2021, with $239.5 billion in credit and $327.5 billion in rates. The company reported preliminary variable transaction fees per million for Q2 2021: $174 for U.S. high-grade, $194 for other credit, $184 for total credit, and $3.90 for rates. These FPM figures are preliminary and subject to revision. Trading volume data is available on the MarketAxess investor website.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced new enhancements to its portfolio trading solution aimed at improving client efficiency on its electronic trading platform. Key features include support for multi-directional and multi-currency lists, integrating seamlessly with existing list RFQ functionality. Portfolio trading now accounts for approximately $1.5 billion in average daily volume. Recent technology upgrades have led to over 50 completed portfolio trades with significant participation from various investors and dealers, showcasing growing adoption in the market.
MarketAxess Holdings Inc. (Nasdaq: MKTX) has announced that CFO Tony DeLise will speak at the Morgan Stanley U.S. Financials, Payments and CRE Conference on June 16, 2021, at 11:00 a.m. EST. The presentation will be available via live internet broadcast. MarketAxess operates a top electronic trading platform that enhances liquidity, execution quality, and cost efficiency in global fixed-income markets, serving over 1,800 firms including major asset managers. For further details, visit their official website.
MarketAxess Holdings Inc. (Nasdaq: MKTX) will participate in the Piper Sandler Global Exchange & FinTech Conference on June 9, 2021. Rick McVey, Chairman and CEO, is set to engage in a fireside chat at 1:30 p.m. EST, while Chris Concannon, President and COO, will join a panel discussion at 2:30 p.m. EST. Both presentations will be broadcast live online, allowing listeners to access the events via provided links. MarketAxess operates a leading electronic trading platform for fixed-income securities, offering enhanced liquidity and market data services.
MarketAxess Holdings Inc. (MKTX) reported a monthly trading volume of $478.7 billion for May 2021, which includes $204.4 billion in credit volume and $274.3 billion in rates volume. This figure encompasses only fully electronic trading volume across all product categories. MarketAxess continues to lead in electronic trading and provides key market data for the global fixed-income markets. Investors can find estimated TRACE volumes on the company’s website as they await FINRA's publication of the corporate and agencies capped volume report for May.
MarketAxess Holdings (Nasdaq: MKTX) announced that Barclays (NYSE: BCS) will become a dedicated market maker, providing streaming prices for US investment grade corporate bonds on the MarketAxess Live Markets™ platform. This initiative enhances liquidity and trading efficiency for institutional investors, allowing them to place live orders more easily. In Q1 2021, volume via Open Trading reached a record $246.3 billion, up 20% year-over-year. This growth reflects the increasing importance of all-to-all trading in the credit markets, significantly benefiting MarketAxess's trading volumes.
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