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 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.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that Rick McVey, CEO, and Chris Concannon, COO, will participate in the Piper Sandler Global Exchange and Fintech Conference on June 8, 2022. McVey will engage in a fireside chat at 11:00 a.m. ET, while Concannon will be part of a panel discussing the changing landscape of fixed income electronic trading at 11:30 a.m. ET. Webcasts and replays of both discussions will be accessible via the MarketAxess Investor Relations homepage.
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