Marketaxess Hldgs Inc Stock Price, News & Analysis

MarketAxess Holdings reported a monthly trading volume of $559.5 billion for September 2021, with $215.0 billion in credit and $344.5 billion in rates. Preliminary variable transaction fees per million for Q3 2021 were $165 for U.S. high-grade credit and $3.90 for rates. The fee data may be revised in future updates. Recent changes by FINRA regarding fixed-income trade reporting may affect market volume estimates. Detailed volume reports are accessible on the Company's investor website.

MarketAxess Holdings Inc. (Nasdaq: MKTX) will announce its 2021 third quarter results on October 20, 2021, before the market opens. Key executives, including Richard M. McVey, will hold a conference call at 10:00 a.m. ET to discuss the financial outcomes and future outlook. Interested parties can join via phone or access a live Webcast on the company’s Investor Relations website. A replay will be available post-call using the specified numbers for one week. MarketAxess provides a leading electronic trading platform for fixed-income securities, enhancing liquidity and execution quality.

MarketAxess Holdings (Nasdaq: MKTX) has launched a new trading channel connecting global investors to China's onshore bond market through CFETS. This initiative aims to enhance access for over 1,800 global investors while facilitating trading via familiar protocols. The move comes as the onshore bond market, valued at $15 trillion, experiences increased foreign investor participation. The platform's total credit trading volume reached $669 billion in Q2, signaling MarketAxess' commitment to expanding its global footprint in fixed-income trading.

MarketAxess Holdings Inc. (MKTX) reported a monthly trading volume of $467.7 billion for August 2021, split between $176.0 billion in credit volume and $291.7 billion in rates volume. This volume reflects the company's strong electronic trading platform for fixed-income securities. The report noted the impact of new FINRA corrections on volume reporting. Although the platform supports over 1,800 firms globally, there are ongoing risks from competition and technological changes that could influence future performance.

MarketAxess Holdings (Nasdaq: MKTX) will host an Investor Day on September 14, 2021, featuring presentations by CEO Rick McVey and senior management, discussing the company's strategies and growth opportunities. The virtual event allows for live Q&A sessions with analysts and investors. The webcast is scheduled from 8:30 a.m. to 12:30 p.m. ET and will be available for replay on the company's website. The press release includes cautionary notes regarding forward-looking statements and potential risks affecting future performance.

MarketAxess Holdings Inc. (MKTX) reported a monthly trading volume of $499.6 billion for July 2021, comprising $206.1 billion in credit and $293.6 billion in rates. This reflects a 5.6% increase in total credit volume compared to July 2020, while U.S. High-Grade trading volume decreased by 3.0%. The company noted that recent FINRA corrections reduced TRACE reported volume by 2.5% for both U.S. high-grade and high-yield bonds. MarketAxess highlighted its role in providing key trading solutions and data services across global fixed-income markets.

MarketAxess Holdings reported Q2 2021 revenues of $176.3 million, down 5% year-over-year, with an operating income of $87.2 million, reflecting a 16% decline. The diluted EPS dropped 20% to $1.77. Despite a 21.1% market share in high-grade trading, total estimated U.S. credit TRACE trading volume fell by 18.7%. The company experienced increased expenses, rising 10.5% to $89.2 million. A dividend of $0.66 per share was declared, and share repurchases totaled 28,701 shares at a cost of $13.4 million.

MarketAxess Holdings announced that Christopher Gerosa will succeed Tony DeLise as CFO effective August 1, 2021. Gerosa, who has been with the company since 2015, previously served as CFO of Primus Guaranty. CEO Rick McVey praised DeLise for his leadership and contributions to the firm, which has established itself as a leader in electronic trading for fixed-income securities. DeLise will transition to focus on Investor Relations and Corporate Development post-transition.

MarketAxess Holdings (MKTX) announced the election of Charles Li to its Board of Directors, effective July 13, 2021. Li, former CEO of HKEX, is recognized for expanding fixed-income trading and electronic platforms during his tenure. His appointment comes as MarketAxess focuses on enhancing growth in the Asia-Pacific region, where trading volume from Asia-based participants reached $23.9 billion in Q2 2021, a 37% increase year-over-year. Both Li and MarketAxess express optimism about the future of electronic trading in Asian bond markets.