MarketAxess Holdings Inc. - MKTX STOCK NEWS

MarketAxess Holdings Inc. (Nasdaq: MKTX) reported strong monthly trading volume for September 2022, achieving $32.6 billion in average daily volume (ADV), a 23% increase year-over-year. The company reached record estimated market shares exceeding 20% across three key product areas, with U.S. high-yield at 21.3%, up 730 basis points. Estimated transaction cost savings for clients totaled approximately $699 million year-to-date, highlighting the value of Open Trading. The preliminary fees per million for total credit were $165.6, a decline of 9% from the previous year, attributed to rising corporate bond yields.

Broadway has partnered with MarketAxess Holdings (NASDAQ: MKTX) to enhance their U.S. Treasury Request for Quote (RFQ) workflow feature within the MarketAxess treasuries marketplace. This integration, now live, allows dealers to respond to UST inquiries from MarketAxess clients, improving trading capabilities across fixed-income markets. Broadway aims to provide comprehensive solutions for its clients, connecting them to a broad liquidity network of over 1,900 firms globally.

MarketAxess Holdings announced record trading volume for August 2022, achieving $30.6 billion in average daily volume (ADV), a 44% year-over-year increase. Key highlights include a 55% rise in U.S. Treasury ADV to $20.2 billion and a 27% increase in total credit ADV to $10.2 billion. Transaction cost savings for clients reached $90 million in August, totaling $604 million year-to-date. The company noted strong market share gains and stable average fees. The favorable trading conditions are expected to boost growth prospects in the coming months.

MarketAxess Holdings reported strong July 2022 trading volume, achieving $31.1 billion in average daily volume (ADV), up 31% year-over-year. U.S. Treasury ADV rose by 49% to $20.3 billion, while total credit ADV increased by 8% to $10.6 billion. The company also noted record estimated market share in municipals at 5.5% and significant estimated transaction cost savings of $75 million for clients. Portfolio Trading volume hit a record $10 billion, reflecting robust growth across various product categories.

MarketAxess Holdings reported Q2 2022 financial results showing revenues of $182.2 million, up 3% from last year. The firm achieved record market share in various categories, including a 20.2% estimated share in composite corporate bonds. Total expenses rose 9% to $97.4 million, driven by increased investments. The EBITDA was $105.2 million with a margin of 57.7%. Diluted EPS was $1.78, reflecting a $0.11 gain from foreign currency transactions. The company declared a $0.70 dividend per share and repurchased shares valued at $48.7 million.

MarketAxess Holdings Inc. (Nasdaq: MKTX) will announce its Q2 2022 financial results on July 20, 2022, before market opening. The announcement will be followed by a conference call at 10:00 a.m. EDT, featuring CEO Rick McVey and other executives. Investors can dial in or access the live audio webcast via the investor relations section of the company’s website. MarketAxess operates an electronic trading platform for fixed-income securities, offering significant trading efficiencies and liquidity to over 1,900 firms globally.

MarketAxess Holdings (MKTX) announced strong trading results for June 2022, showcasing significant growth across fixed-income securities. U.S. high-grade average daily volume (ADV) rose 9% to $5.8 billion, with market share increasing to 22.7%. U.S. high-yield ADV surged 44% to a record $2.0 billion, reaching a market share of 19.0%. Total credit ADV for June climbed 16% to $12.7 billion. The estimated cost savings from Open Trading reached approximately $94 million. This strong performance sets the stage for robust future growth, bolstered by market share gains and new product developments.

MarketAxess Holdings (Nasdaq: MKTX) announced that President Chris Concannon and CFO Chris Gerosa will participate in the Morgan Stanley U.S. Financials, Payments and CRE Conference on June 14, 2022, at 1:45 p.m. ET. Investors can access the live webcast and replay through the MarketAxess Investor Relations homepage. MarketAxess operates a leading electronic trading platform for fixed-income securities, connecting over 1,900 firms globally through its patented technology and award-winning Open Trading® marketplace.

MarketAxess Holdings reported a significant increase in trading volume for May 2022, achieving a total average daily volume (ADV) of $34.8 billion, a rise of 45% year-over-year. Key segments showed strong performance: credit ADV increased by 16% to $12.0 billion, while rates ADV surged 66% to $22.8 billion. Notably, U.S. Treasury ADV rose 65% to $22.3 billion, and the company recorded record municipal bond ADV of $390 million. Operational efficiencies led to estimated cost savings of $75.4 million for May, totaling over $345 million year-to-date.