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MarketAxess Holdings Inc. - MKTX STOCK NEWS

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.

News

MarketAxess to Participate in the UBS Financial Services Conference

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MarketAxess Holdings Inc. (MKTX) announces Richard Schiffman, Global Head of Trading Solutions, will participate in the UBS Financial Services Conference on February 26, 2024. The event will include a fireside chat at 3:30 p.m. ET, with a live webcast and replay available on the MarketAxess Investor Relations homepage.
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MarketAxess Announces Monthly Volume Statistics for January 2024

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MarketAxess Holdings Inc. (Nasdaq: MKTX) reported a record total credit trading ADV of $15.0 billion for January 2024, driven by a 20% increase in U.S. high-grade ADV to a record $7.5 billion and an 8% increase in emerging markets ADV to a record $3.7 billion. The company also highlighted the impact of single-dealer portfolio trading volume on U.S. high-grade trading volume and estimated market share. However, the preliminary FPM for total credit for January 2024 was approximately $156, down from $160 in the prior year. The decline in total credit FPM compared to the prior year was due principally to product and protocol mix shift.
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MarketAxess Reports Fourth Quarter and Full Year 2023 Results

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MarketAxess Holdings Inc. (MKTX) announced financial results for Q4 and full year 2023, reporting total revenues of $197.2 million, up 10.9%, and a 16.5% increase in diluted EPS to $1.84 on net income of $69.6 million. The company also achieved record information services revenue of $11.9 million, up 14.6%, and record post-trade revenue of $11.0 million, up 24.1%.
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MarketAxess to Host Conference Call Announcing Fourth Quarter and Full-Year 2023 Financial Results on Wednesday, January 31, 2024

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MarketAxess Holdings Inc. (MKTX) will announce its Q4 and full-year 2023 financial results on January 31, 2024. The CEO and Global Head of Trading Solutions will host a conference call to discuss the results and outlook.
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MarketAxess Announces Monthly Volume Statistics for December and Fourth Quarter 2023

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MarketAxess Holdings Inc. (Nasdaq: MKTX) announced record 4Q23 trading volume, with a 36% increase, and record $33.4 billion in municipal bonds trading volume. The company's total credit ADV increased by 9% compared to the prior year, with U.S. high-grade ADV up by 13.3%. However, U.S. high-yield ADV decreased by 8.4%. Market share for U.S. high-grade and high-yield combined decreased slightly, while emerging markets ADV increased by 9.8%. Record portfolio trading volume reached $41.8 billion, up 35.8% from the prior year, with a 36% Open Trading share of total credit trading volume. Total rates ADV declined by 10.1%. Preliminary variable transaction fees per million for total credit in 4Q23 was $156, compared to $164 in the prior year. MarketAxess reported changes in estimated market share for various products, with some experiencing a decrease in market share compared to the prior year.
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MarketAxess Announces Monthly Volume Statistics for November 2023

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MarketAxess Holdings Inc. (MKTX) sets new records with a total credit trading volume of $303.3 billion, Eurobonds trading volume of $43.7 billion, and municipal bond trading volume of $12.6 billion in November 2023.
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MarketAxess to Participate in the Goldman Sachs Financial Services Conference

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MarketAxess Holdings Inc. (MKTX) CEO Chris Concannon to participate in Goldman Sachs Financial Services Conference on December 5, 2023
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R&T Deposit Solutions Appoints Christopher Gerosa as Chief Financial Officer

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R&T Deposit Solutions (R&T) appoints Christopher Gerosa as Executive Vice President, Chief Financial Officer, effective February 2024. Gerosa will oversee the Finance Division and play a crucial role in shaping and executing R&T's financial strategy. The company aims to strengthen its financial operations and capabilities through further investment.
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MarketAxess Announces CFO Transition

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MarketAxess Holdings Inc. (Nasdaq: MKTX) announces the resignation of CFO Christopher N. Gerosa, effective January 31, 2024, to join a private company in the commercial bank sector. The company has initiated a search for a new CFO. MarketAxess CEO, Chris Concannon, expresses gratitude for Gerosa's leadership and contributions.
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MarketAxess Announces Monthly Volume Statistics for October 2023

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MarketAxess Holdings Inc. (Nasdaq: MKTX) reported solid growth in trading volume for October 2023. Total credit ADV was $12.7 billion, up 1.8% YoY. U.S. high-grade ADV was $6.0 billion, up 7.8% YoY. U.S. high-yield ADV was $1.6 billion, down 19.0% YoY. Emerging markets ADV was $2.8 billion, up 0.3% YoY. Eurobonds ADV increased 7.4% to $1.7 billion. Municipal bond ADV was $532 million, up 10.9% YoY. MarketAxess X-Pro adoption reached 35% of portfolio trading volume. Open Trading share of total credit trading volume was 35%. Preliminary variable transaction fees per million (FPM) for total credit was approximately $153.
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FAQ

What is the current stock price of MarketAxess Holdings (MKTX)?

The current stock price of MarketAxess Holdings (MKTX) is $230.15 as of December 20, 2024.

What is the market cap of MarketAxess Holdings (MKTX)?

The market cap of MarketAxess Holdings (MKTX) is approximately 8.6B.

What does MarketAxess Holdings Inc. do?

MarketAxess operates a leading electronic trading platform for trading corporate bonds and other fixed-income instruments.

When was MarketAxess founded?

MarketAxess was founded in the year 2000.

What is Open Trading™?

Open Trading™ is MarketAxess' 'all-to-all' market for corporate bonds, allowing anonymous electronic trades between market participants.

What types of securities can be traded on MarketAxess?

Users can trade U.S. high-grade corporate bonds, emerging markets, high-yield bonds, leveraged loans, European bonds, U.S. agency bonds, municipal bonds, and more.

How does MarketAxess provide market data?

MarketAxess offers market data services to assist clients with informed trading decisions.

What recent acquisitions has MarketAxess made?

Recent acquisitions include LiquidityEdge in 2019, MuniBrokers in 2021, and the Regulatory Reporting Hub from Deutsche Börse Group in 2020.

Who are the primary users of the MarketAxess platform?

The platform is used by over 1,300 institutional investors and broker-dealer firms globally.

How does MarketAxess ensure efficient trading?

MarketAxess uses patented trading technology and offers connectivity solutions to facilitate straight-through processing (STP).

In which markets has MarketAxess expanded recently?

MarketAxess has expanded into the Treasury and municipal bond markets through recent acquisitions.

What additional services does MarketAxess provide?

MarketAxess offers pre- and post-trade services, including regulatory reporting, to enhance their comprehensive trading solutions.

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MarketAxess Holdings Inc.

Nasdaq:MKTX

MKTX Rankings

#933 Ranked by Market Cap
#1689 Ranked by Dividends

MKTX Stock Data

8.62B
36.88M
2.18%
99.41%
1.74%
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