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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 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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MarketAxess to Host Conference Call Announcing Third Quarter 2023 Financial Results on Wednesday, October 25, 2023

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MarketAxess Holdings Inc. will announce its Q3 2023 financial results on October 25, 2023. Conference call to discuss the results will be held at 10:00 a.m. ET.
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MarketAxess Announces Monthly Volume Statistics for September and Third Quarter 2023

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MarketAxess Holdings Inc. announces Q3 2023 trading volume and preliminary variable transaction fees per million (FPM). Total credit ADV increased by 1.7% to $11.2 billion. U.S. high-grade ADV increased by 1.1% with an estimated market share of 20.0%. U.S. high-yield ADV decreased by 20.4% with an estimated market share of 16.1%. Emerging markets ADV increased by 8.0% to $2.8 billion. Eurobonds ADV increased by 18.2% to $1.5 billion. Municipal bond ADV increased by 7.5% to $388 million. Total portfolio trading volume increased by 11.1% to $27.5 billion. Open Trading share of total credit trading volume decreased to 33%. Preliminary FPM for total credit was approximately $155. Preliminary FPM for total rates was $4.60.
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MarketAxess Launches Open Trading® for Emerging Market Local Currency Bonds

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MarketAxess enhances its EM trading product with Open Trading for local currency bonds, connecting local dealers with international clients and deepening liquidity pool. EM local currency bonds constituted over 40% of MarketAxess global EM volumes of $360B in H1 2023. Expansion to more local currencies planned for H1 2022.
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MarketAxess Completes Acquisition of Pragma

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MarketAxess Holdings Inc. completes acquisition of Pragma, a quantitative trading technology provider specializing in algorithmic and analytical services.
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Carlos Hernandez Elected to MarketAxess Board of Directors

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Carlos Hernandez elected to MarketAxess Board of Directors
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MarketAxess Announces Monthly Volume Statistics for August 2023

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MarketAxess Holdings Inc. announces August 2023 trading volume and preliminary variable transaction fees per million (FPM)
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MarketAxess to Participate in the Barclays Global Financial Services Conference

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MarketAxess Holdings CFO to participate in Barclays Global Financial Services Conference on September 12, 2023
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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.

Stock MKTX logo
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%
Capital Markets
Security Brokers, Dealers & Flotation Companies
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United States of America
NEW YORK