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 Inc. (MKTX) reported a robust trading volume of $438.9 billion for July 2020, comprised of $204.3 billion in credit trading and $234.5 billion in rates trading. This figure highlights the company's strong position in the electronic trading of fixed-income securities.
All reported volumes reflect fully electronic trading activities, reinforcing MarketAxess' role in providing essential market data and post-trade services.
MarketAxess Holdings reported record revenues of $184.8 million for Q2 2020, a 47% increase from the previous year. Operating income rose 71% to $104.1 million, with an operating margin of 56.4%. Diluted EPS surged 73% to $2.20. The company achieved an estimated 21.5% market share in high-grade and 14.0% in high-yield bonds. Total credit trading volume reached $741.8 billion, up 44%. Despite a 25% rise in total expenses to $80.7 million, MarketAxess announced a cash dividend of $0.60 per share.
MarketAxess Holdings Inc. (MKTX) announced the election of Kourtney Gibson to its Board of Directors, effective July 16, 2020. Gibson, President of Loop Capital Markets, brings extensive experience in capital markets and operational improvement. She aims to enhance MarketAxess' growth strategy, leveraging her industry knowledge and client relationships. CEO Rick McVey highlighted Gibson's dynamic background as a significant asset for the company's future. Following her election, the board size increased to 13, adding to the expertise from recent board additions in 2019.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced the launch of Dealer Direct, a new tool aimed at enhancing trading functionality for the dealer community. This tool allows dealers to stream Axes to investor clients with improved visibility controls, facilitating better pricing and reducing information leakage. The initiative aims to bolster liquidity and aid bi-lateral trade negotiations amidst evolving credit markets. Additionally, enhancements to alert and watch-list functionalities aim to help clients identify trading opportunities more efficiently.
MarketAxess Holdings announced it will release its 2020 second quarter results on July 22, 2020, before the financial markets open. CEO Richard M. McVey, alongside other executives, will host a conference call at 10:00 a.m. EST to discuss the financial results and outlook. Investors can access the call by dialing 855-425-4206 (U.S.) or 484-756-4249 (international), and a live audio Webcast will be available on the company's website. A replay of the call will be accessible for a week using conference ID: 8916147.
MarketAxess Holdings Inc. (MKTX) reported a monthly trading volume of $578.5 billion for June 2020, with $266.5 billion in credit and $312.0 billion in rates. Achievements included record volumes in U.S. high-grade and high-yield categories, with a total high-grade trading volume of $143.6 billion and high-yield volume reaching $39.8 billion. The estimated U.S. high-grade market share rose to 22.8% from 19.2% a year earlier, while high-yield market share increased to 16.1% from 11.4%. Preliminary transaction fees per million for the quarter were reported at $181 for high-grade and $205 for other credit.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that Chris Concannon, President and COO, and Tony DeLise, CFO, will present at the William Blair 40th Annual Growth Stock Conference on June 9, 2020, at 12:20 p.m. ET. The event will be live-streamed online for accessibility. MarketAxess operates a leading electronic trading platform focused on fixed-income securities, providing enhanced liquidity and execution services to over 1,700 firms globally. The company's innovative solutions include its award-winning Open Trading™ marketplace, which facilitates diverse trading options in credit markets.
MarketAxess Holdings has reported robust trading volumes for May 2020, achieving $519.7 billion in total volume. This includes $229.3 billion in credit trading and $290.5 billion in rates trading. These figures reflect the company's leading position in the electronic trading of fixed-income securities. MarketAxess continues to provide comprehensive market data and post-trade services, enhancing its role in the global fixed-income markets.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that Rick McVey, Chairman and CEO, will speak at the Piper Sandler Global Exchange & FinTech Conference on June 3, 2020, at 4:00 p.m. ET. The presentation will be available for live streaming via the provided link. MarketAxess operates a prominent electronic trading platform for fixed-income securities, enhancing liquidity and execution quality across global markets. With a network of over 1,700 firms, it offers automated trading solutions, market data products, and a distinctive Open Trading™ marketplace for credit market participants.
MarketAxess Holdings (Nasdaq: MKTX) announced that its President and COO, Chris Concannon, along with CFO, Tony DeLise, will present at the Deutsche Bank 10th Annual Global Financial Services Conference at 3:20 p.m. EST on May 26, 2020. The presentation will be streamed live, allowing access via a provided link. MarketAxess, known for its electronic trading platform for fixed-income securities, connects over 1,700 firms, enhancing liquidity, execution quality, and cost savings in global fixed-income markets. For more details, visit www.marketaxess.com.
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