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 strong first-quarter results for 2021, achieving record revenues of $195.5 million, a 16% increase year-over-year. Operating income rose to $103.5 million (+14%), with a diluted EPS of $2.11 (+8%). The company noted a record Open Trading credit volume of $246.3 billion (+20%) and increased market share in both high-grade (20.5%) and high-yield (15.6%) segments. Total expenses increased by 18.1% to $92.0 million, largely due to rising employee costs and acquisition-related expenses. A quarterly dividend of $0.66 per share was declared.
MarketAxess Holdings Inc. (Nasdaq: MKTX) completed its acquisition of MuniBrokers on April 9, 2021. This acquisition allows MarketAxess to enhance its electronic trading platform for municipal bonds, aiming to improve liquidity for the broker-dealer community. President Chris Concannon stated that the integration of MuniBrokers aligns with their vision to use technology for broader trading connections. MarketAxess continues to focus on delivering cost-effective trading solutions and market data services, leveraging its extensive network of over 1,800 firms to strengthen its position in the global fixed-income market.
MarketAxess Holdings Inc. (Nasdaq: MKTX) will announce its 2021 first quarter results on April 22, 2021, prior to market opening. The announcement will be followed by a conference call at 10:00 a.m. EST, featuring Chairman and CEO Richard M. McVey and other key executives. Interested parties can join the call by dialing specific U.S. and international numbers or via live audio Webcast on the company's Investor Relations website. A replay will be available for one week post-announcement. MarketAxess is a leader in electronic trading for fixed-income securities.
MarketAxess Holdings reported a record monthly trading volume of $689.6 billion for March 2021, split between $292.6 billion in credit and $397.0 billion in rates. Highlights include a total credit average daily trading volume of $12.7 billion and various trading volume records, such as $145.7 billion for U.S. high-grade and $43.9 billion for U.S. high-yield. Preliminary variable transaction fees were reported at $180 for U.S. high-grade and $3.70 for rates. These figures underscore MarketAxess's strong performance in fixed-income securities trading.
MarketAxess Holdings (Nasdaq: MKTX) announced a successful year highlighted by the Trading for Trees incentive program, resulting in over 134,000 trees planted. In 2020, the firm facilitated $27 billion in green bond trading, a 42% increase from 2019, securing a 20.3% market share in the U.S. green bond marketplace. The program continues in 2021, promising to plant 5 trees for every $1 million of trading volume. MarketAxess aims to enhance trading technologies to support sustainable investment strategies.
MarketAxess Holdings reported a record monthly trading volume in February 2021, reaching $610.4 billion. This figure includes $225.3 billion in credit volume and $385.1 billion in rates volume. The company emphasizes that these numbers reflect fully electronic trading only. This achievement underscores MarketAxess's leading position in the fixed-income markets. The trading volumes and additional metrics are accessible on their investor website.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that Rick McVey, Chairman and CEO, will speak at the 42nd Annual Raymond James Institutional Conference on March 1, 2021, at 9:10 a.m. EST. The presentation will be available for live streaming via a dedicated link.
MarketAxess is known for its electronic trading platform for fixed-income securities, providing significant liquidity and cost savings. It serves a global network of over 1,800 firms, including major asset managers and institutional broker-dealers.
MarketAxess Holdings Inc. (Nasdaq: MKTX) will be represented by President and COO Chris Concannon and CFO Tony DeLise at the Credit Suisse 22nd Annual Financial Services Forum on February 24, 2021, at 2:40 p.m. EST. Their presentation will be available via live internet broadcast. MarketAxess operates a leading electronic trading platform for fixed-income securities, providing market data and post-trade services globally. With over 1,800 firms in its network, it is recognized for its innovative trading solutions and enhanced liquidity opportunities.
MarketAxess Holdings Inc. (NASDAQ: MKTX) reported record financial results for the fourth quarter and full year 2020, highlighting a 32% revenue increase to $171.3 million and a 35% annual revenue rise to $689.1 million. Operating income surged by 51% in Q4 and 49% annually, leading to record diluted EPS of $1.91 and $7.85, respectively. The company announced a quarterly dividend increase to $0.66 per share. Open Trading credit volumes reached $218.1 billion in Q4 and $861.1 billion for the year, reflecting strong market share gains in U.S. high-grade and high-yield sectors.
MarketAxess Holdings (Nasdaq: MKTX) announced the appointment of Raj Paranandi as Chief Operating Officer for EMEA & APAC, effective March 1, 2021. Paranandi joins from UBS, where he led digital transformation. His experience will focus on operational oversight, technology development, and strategic initiatives for expanding international business. He will report to Christophe Roupie and work closely with Chris Concannon. This leadership change aims to bolster MarketAxess’s growth in fixed-income markets, leveraging his expertise in technology and operations.
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