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MarketAxess Holdings Inc. reports on its electronic trading platform for fixed-income securities, where institutional investors and broker-dealers trade across credit and rates products. Company updates commonly cover commission revenue, trading volume, average daily volume, variable transaction fees per million, and market-share data across U.S. high-grade, U.S. high-yield, emerging markets, eurobonds and portfolio trading activity.
MarketAxess news also includes developments in its Open Trading marketplace, automated and algorithmic trading tools, data and index products, post-trade services and technology integrations. Recurring announcements address partnerships that expand fixed-income workflow connectivity, access to institutional liquidity, primary issuance data, management changes, dividends, share repurchases and broader capital-allocation actions.
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.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that Chris Concannon, President and COO, and Chris Gerosa, CFO, will speak at the Deutsche Bank 12th Annual Global Financial Services Conference on May 31, 2022, at 4:15 p.m. ET. Investors can access the live webcast and replay on the MarketAxess Investor Relations homepage.
MarketAxess operates an electronic trading platform that enhances trading efficiency and provides liquidity for institutional investors and broker-dealers in the global fixed-income markets.
State Street Global Advisors has launched the SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG), marking its first fixed income ETF focused on liquidity. This ETF aims to provide investors with credit exposure to U.S. investment-grade corporate bonds featuring higher liquidity, tighter bid-ask spreads, and lower premiums. It tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index, which consists of 400 bonds with above-average liquidity. The launch seeks to enhance transparency and tradability in the traditionally illiquid fixed income market.
MarketAxess Holdings reported a significant rise in April 2022 trading volume, achieving $38.1 billion in average daily volume (ADV), up 56% year-over-year. Key highlights include a 90% increase in rates ADV and a 14% boost in credit ADV. U.S. Treasury ADV soared to $25.5 billion, marking a 91% rise. Market share also improved, with U.S. high-grade and high-yield ADV increasing to 22.6% and 16.9%, respectively. The Open Trading® network contributed to approximately 34% of total credit trading volume, reflecting robust market activity.
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MarketAxess Holdings Inc. (MKTX) reported 1Q22 revenues of $186.1 million, marking the second highest quarterly revenue ever. U.S. Treasury, emerging markets, and municipal bond revenues reached record levels. Total expenses were $98.0 million, a 7% increase, resulting in EBITDA of $105.8 million (margin of 56.8%). Diluted EPS was $1.71, affected by $0.02 from special items. The company declared a $0.70 dividend and repurchased 101,514 shares for $38.8 million. Record trading volumes reached $37.5 billion, significantly up 22%.
MarketAxess Holdings Inc. (Nasdaq: MKTX) is set to announce its first quarter 2022 financial results on April 20, 2022, before market opening. The announcement will be followed by a conference call hosted by key executives, including CEO Richard M. McVey. Investors can participate via a dedicated phone line or through a live audio Webcast on the company's website. MarketAxess operates a prominent electronic trading platform, providing liquidity and cost savings to institutional investors globally, with nearly 1,900 firms utilizing its services.
MarketAxess Holdings reported a record trading volume of $894.6 billion in March 2022, marking the second-highest monthly total ever, bolstered by strong credit and rates activity. The company achieved record quarterly trading volumes, surpassing the previous peak in Q1 2020, driven by emerging markets and U.S. Treasury trades. Estimated transaction cost savings for clients through Open Trading reached $201 million, exceeding last year’s figures. Average transaction fees per million for various asset classes are also detailed, indicating a stable trading environment.
MarketAxess Holdings Inc. (Nasdaq: MKTX) has launched the MKTX U.S. Investment Grade 400 Corporate Bond Index on March 16, 2022. This index tracks 400 U.S. dollar-denominated investment grade corporate bonds known for high liquidity. By utilizing proprietary liquidity and pricing data, MarketAxess aims to enhance transparency and trading efficiency in the fixed income market. The index is expected to facilitate tactical portfolio adjustments and improve market participation, highlighting a commitment to innovation in fixed-income data solutions.