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. (Nasdaq: MKTX) is the operator of an electronic trading platform for fixed-income securities, and its news flow centers on trading activity, product developments and financial performance. Company updates frequently highlight trading volume statistics, variable transaction fees per million ("FPM") and average daily volume ("ADV") across credit and rates products, giving investors and market participants insight into platform usage and market share trends.
News releases from MarketAxess often cover monthly and quarterly trading volume statistics for U.S. high-grade and high-yield corporate bonds, emerging markets debt, eurobonds, municipal bonds and U.S. government and other government bonds. These updates include details on client-initiated, portfolio trading and dealer-initiated channels, as well as metrics for protocols such as block trading, Mid-X and portfolio trading. The company also reports estimated market share based on external trade reporting sources.
In addition to volume and market share data, MarketAxess issues news about quarterly financial results, services revenue, non-GAAP metrics such as EBITDA and free cash flow, and capital allocation decisions including dividends and share repurchase authorizations. The company has also announced medium-term financial targets and the use of accelerated stock repurchase agreements.
Product and platform news includes announcements such as the launch of Opening and Closing Auctions for U.S. credit on the X-Pro Trading platform and enhancements to workflow tools like Targeted RFQ. Investors following MKTX news can track how these initiatives relate to trading activity in strategic channels and regions, including emerging markets. This news page allows readers to review a chronological record of MarketAxess press releases and related coverage.
MarketAxess Holdings Inc. (Nasdaq: MKTX) reported strong financial results for Q4 and FY 2022, achieving record revenues of $718.3 million, up 3% year-over-year. Q4 revenues increased 8% to $177.9 million, with a 24% rise in average daily trading volume to $12 billion. The company highlighted a record 36% of credit trading executed via its Open Trading platform, resulting in an estimated price improvement of approximately $945 million for clients. Despite a 10% decline in total credit average transaction fees, MarketAxess expects continued growth in 2023, driven by strong market share and trading volumes. Leadership transition to Chris Concannon as CEO will occur in April 2023.
MarketAxess Holdings Inc. (Nasdaq: MKTX) is set to announce its fourth quarter and full-year 2022 financial results on January 25, 2023, before the market opens. The results will be discussed in a conference call at 10:00 a.m. ET on the same day, featuring CEO Rick McVey, COO Chris Concannon, and CFO Christopher Gerosa. Investors can join the call by dialing 888-660-6576 or accessing the Webcast on the company’s website. MarketAxess is recognized for its electronic trading platform, catering to over 1,900 firms and enhancing trading efficiency and cost savings across the global fixed-income market.
MarketAxess Holdings Inc. (NASDAQ: MKTX) announced a leadership transition effective April 3, 2023. Richard M. McVey will become Executive Chairman, while Chris Concannon will step up as CEO. The board highlighted Concannon's experience in electronic markets and innovative leadership as crucial during a time of growth opportunities. The transition aims to bolster the company's strategy and support its expansion in automated trading and data analytics. This change reflects MarketAxess' ongoing commitment to delivering value to clients and shareholders in the evolving fixed-income market.
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.
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