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Marketaxess Hldgs Inc - MKTX STOCK NEWS

Welcome to our dedicated page for Marketaxess Hldgs news (Ticker: MKTX), a resource for investors and traders seeking the latest updates and insights on Marketaxess Hldgs 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 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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MarketAxess Announces Trading for Turkeys Initiative to Support City Harvest

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MarketAxess Holdings Inc. announced its Trading for Turkeys charity initiative to support City Harvest. MarketAxess will donate 25% of its U.S. High-Grade and U.S. High-Yield Portfolio Trading revenues in November to help feed New York City families during the holiday season. The MarketAxess Charitable Foundation will also be City Harvest's official 2023 Turkey sponsor. MarketAxess has previously helped rescue and deliver 772,000 lbs. of food in partnership with City Harvest.
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MarketAxess Reports Third Quarter 2023 Results

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MarketAxess Holdings Inc. announced its financial results for Q3 2023, with total revenues of $172.3 million, in line with the prior year. The company saw a 10% increase in total expenses and recorded operating income of $66.9 million. Diluted EPS was $1.46 on net income of $54.9 million. Record information services revenue of $11.8 million, up 21.5%. The company also saw growth in average daily volume and active client firms. Total automated trade volume and trade count surpassed 2022 levels. The company delivered estimated price improvement of approximately $120 million in Q3 2023. Credit trading volume and market share decreased, while rates commission revenue decreased by 5%. Expenses increased by 10%. The company provided guidance for full-year 2023 expenses, capital expenditures, and effective tax rate.
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EMpower Welcomes MarketAxess as First Global Leadership Council Partner

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MarketAxess becomes the first Global Leadership Council Partner of EMpower, the Emerging Markets Foundation, to support young people in need.
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FAQ

What is the current stock price of Marketaxess Hldgs (MKTX)?

The current stock price of Marketaxess Hldgs (MKTX) is $193.96 as of February 21, 2025.

What is the market cap of Marketaxess Hldgs (MKTX)?

The market cap of Marketaxess Hldgs (MKTX) is approximately 7.2B.

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 Hldgs Inc

Nasdaq:MKTX

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MKTX Stock Data

7.16B
36.66M
2.18%
99.78%
3.45%
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