Marketaxess Hldgs Inc Stock Price, News & Analysis

MarketAxess Holdings Inc. (Nasdaq: MKTX) reported significant growth in December 2022, with total credit average daily volume (ADV) rising 27% to $10.6 billion. Key metrics include a record 22.8% market share for composite corporate bonds and a 26% increase in U.S. high-grade ADV. Estimated price improvements reached approximately $79 million, contributing to a total of $946 million for 2022, a 65% year-on-year increase. The company anticipates a favorable operating environment for fixed income in 2023 due to strong franchise performance and strategic investments.

MarketAxess Holdings announced impressive monthly trading results for November 2022, achieving a record total credit average daily volume (ADV) of $13.1 billion, a 25% increase year-on-year. Highlights include significant gains in market share across various sectors, with U.S. high-grade ADV soaring 23% and U.S. high-yield ADV climbing 31%. The estimated price improvement from its Open Trading platform reached approximately $83 million in November, totaling $866 million year-to-date. With a robust foundation for growth, MarketAxess is well-positioned for continued expansion into 2023.

MarketAxess Holdings, the operator of a significant electronic trading platform for fixed-income securities, announced that CFO Chris Gerosa will participate in a fireside chat at the Nasdaq 47th Investor Conference on December 7, 2022, at 2:30 p.m. GMT in London. The event will be accessible via live webcast and replay on the MarketAxess Investor Relations page. MarketAxess, founded in 2000, provides trading efficiency and liquidity to over 1,900 institutions through its acclaimed Open Trading® marketplace.

MarketAxess Holdings Inc. (NASDAQ: MKTX) will have its CEO, Rick McVey, participate in a fireside chat at the Goldman Sachs U.S. Financial Services Conference on December 6, 2022, at 2:20 p.m. ET. This event highlights MarketAxess's role as a leading electronic trading platform for fixed-income securities, providing essential market data and post-trade services. Interested investors can access the live webcast on the MarketAxess Investor Relations homepage.

MarketAxess Holdings Inc. (MKTX) reported strong trading performance for October 2022, achieving a 20% increase in credit average daily volume (ADV) to $12.4 billion. The company gained significant market share across several segments, including 21.0% in high-yield and 21.9% in emerging markets. Total trading ADV reached $32.0 billion, with transaction cost savings of approximately $84 million for the month. Year-to-date savings totaled $783 million, a 62% increase from the previous year. President Chris Concannon highlighted the growth and significance of their all-to-all liquidity model amid challenging market conditions.

MarketAxess Holdings reported third-quarter 2022 financial results with revenues of $172.1 million, a 6% increase year-over-year, and a diluted EPS of $1.58, up 4%. The company achieved record market share in various bond categories, including composite corporate bonds, which reached 20.6%. Total trading average daily volume surged 32% to $31.4 billion. However, total expenses rose 9% to $95.8 million. A quarterly dividend of $0.70 per share was declared. This quarter reflects strong demand and operational growth despite challenges in the volatile fixed-income market.

MarketAxess Holdings Inc. (Nasdaq: MKTX) will announce its third quarter 2022 financial results on October 19, 2022, before markets open. A conference call will follow at 10:00 a.m. ET, led by CEO Rick McVey and other executives. Investors can access the call at investor.marketaxess.com or by dialing 888-660-6576 (U.S.) or 929-203-1995 (international) with ID 3629577. MarketAxess operates an electronic trading platform for fixed-income securities and serves over 1,900 firms globally.

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.