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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 Inc. (Nasdaq: MKTX) reported a robust monthly trading volume of $503.8 billion for November 2020. This volume is composed of $219.2 billion in credit trading and $284.7 billion in rates trading. The figures reflect the company's position as a leader in electronic trading for fixed-income securities, emphasizing fully electronic trading volumes. Investors can access detailed trading volume reports and related data on the company’s investor relations website.
MarketAxess Holdings has completed its acquisition of Regulatory Reporting Hub from Deutsche Börse Group, effective November 30, 2020. This strategic move aims to enhance MarketAxess's regulatory reporting capabilities across Europe, supporting a full front-to-back trade lifecycle service. The acquisition reflects the company’s commitment to improving its infrastructure and service offerings in the fixed-income market.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that CFO Tony DeLise will present at the Nasdaq 43rd Virtual Investor Conference on December 1, 2020, at 12:00 p.m. EST. The presentation will be available for live streaming online. MarketAxess operates a top electronic trading platform for fixed-income securities, enhancing liquidity, execution quality, and cost efficiency for over 1,700 global firms. The company's innovative Open Trading™ marketplace serves as a key liquidity solution in credit markets, backed by extensive data analytics and trading technology.
MarketAxess Holdings reported October 2020 trading volume of $489.8 billion, comprising $216.9 billion in credit and $272.8 billion in rates. The volume reflects fully electronic trading across all product categories, underlining MarketAxess's position as a leading operator for fixed-income securities.
The company's consistent trading volume signals robust demand in the fixed-income market, reinforcing its significance in the industry.
MarketAxess Holdings Inc. (Nasdaq: MKTX) reported strong third-quarter results for 2020, with revenues increasing by 25% to $164.0 million compared to the same period in 2019. Operating income rose 33% to $87.8 million, yielding an operating margin of 53.5%. Net income climbed 26% to $67.8 million with diluted EPS at $1.78. The company achieved record U.S. market shares, with high-grade at 22.2% and high-yield at 16.0%. While total expenses grew 16% to $76.2 million, the company declared a cash dividend of $0.60 per share, payable on November 25, 2020.
MarketAxess Holdings has announced a partnership with Goldman Sachs, which will act as a dedicated market maker for US investment grade corporate bonds on the MarketAxess Live Markets™ platform. This collaboration seeks to enhance liquidity and price transparency in the institutional credit markets. MarketAxess reported a 60% increase in volume via Open Trading, reaching $643 billion in 2020 Q1-Q3, contributing to estimated transaction cost savings of $852 million. The Live Markets platform aims to improve transaction efficiency and reduce trading friction.
MarketAxess Holdings (Nasdaq: MKTX) will announce its 2020 third quarter results on October 27, 2020, before the market opens. The company, an operator of a leading electronic trading platform for fixed-income securities, will host a conference call at 10:00 a.m. EST on the same date. Key executives, including Chairman Richard M. McVey and CFO Antonio L. DeLise, will discuss financial results and outlook. Access the call at MarketAxess Investor Relations. A replay will be available for one week following the announcement.
MarketAxess Holdings reported September 2020 trading volume of $461.0 billion, including $206.2 billion in credit and $254.8 billion in rates. Preliminary variable transaction fees per million for Q3 2020 are $199 for U.S. high-grade and $208 for other credit, with an overall $204 for total credit and $4.10 for rates. These figures are subject to change and will be detailed in future filings. The reported volumes reflect fully electronic trading only.
MarketAxess Holdings (Nasdaq: MKTX) announced the launch of Axess IQ, an enhanced order and execution workflow solution at Banque de Luxembourg. This integration features MarketAxess’ Auto-X™ automated trading technology and the Composite+™ pricing engine, improving execution efficiency. Notably, automated trading volumes surged to over $32 billion, marking a 66% increase year-over-year. The Open Trading™ marketplace facilitated an average of 32,000 orders daily, totaling over $18 billion in notional value, showcasing enhanced liquidity for private banks.
MarketAxess Holdings (Nasdaq: MKTX) announced that Banque de Luxembourg has implemented Axess IQ, its advanced order and execution workflow solution, integrating Auto-X automated trading capabilities. This enhancement comes after a successful pilot launch in November 2019, and during Q2 2020, automated trading volumes increased to over $32 billion, up 66% year-over-year. The integration aims to improve trading outcomes by combining advanced technology and market data, thereby enhancing service offerings for clients.
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