Marketaxess Hldgs Inc Stock Price, News & Analysis

MarketAxess Holdings (Nasdaq: MKTX) announced the appointment of Raj Paranandi as Chief Operating Officer for EMEA & APAC, effective March 1, 2021. Paranandi joins from UBS, where he led digital transformation. His experience will focus on operational oversight, technology development, and strategic initiatives for expanding international business. He will report to Christophe Roupie and work closely with Chris Concannon. This leadership change aims to bolster MarketAxess’s growth in fixed-income markets, leveraging his expertise in technology and operations.

MarketAxess Holdings is set to announce its 2020 fourth quarter and full year financial results on January 27, 2021, before market opening. Key executives, including CEO Richard M. McVey, will host a conference call at 10:00 a.m. EST to discuss the results and outlook. Interested parties can join the call by dialing 855-425-4206 (U.S.) or 484-756-4249 (international) or via a live audio Webcast on their website. A replay will be available for a week after the announcement. MarketAxess operates a key trading platform for fixed-income securities and caters to over 1,700 firms globally.

MarketAxess Holdings Inc. (Nasdaq: MKTX) reported a robust trading volume of $472.3 billion for December 2020, comprising $203.5 billion in credit volume and $268.7 billion in rates volume. The preliminary variable transaction fees per million (FPM) for the quarter ended December 31, 2020, were noted as $187 for U.S. high-grade, $202 for other credit, $195 for total credit, and $3.95 for rates. Please note that these FPM figures are preliminary and may be subject to revisions. Further details on trading volumes are available on MarketAxess's investor website.

MarketAxess Holdings Inc. (Nasdaq: MKTX) launched a centralized trading marketplace integrating rates trading with credit trading capabilities on its platform. This initiative enhances trading flexibility for clients and allows seamless access to liquidity for U.S. Treasuries. The first phase includes further developments like expanding trading protocols and product offerings, including European Government Bonds. Following its acquisition of LiquidityEdge, MarketAxess aims to deliver innovative solutions and high-quality pricing, benefiting a diverse client base in the fixed-income market.

MarketAxess Holdings Inc. (Nasdaq: MKTX) reported a robust monthly trading volume of $503.8 billion for November 2020. This volume is composed of $219.2 billion in credit trading and $284.7 billion in rates trading. The figures reflect the company's position as a leader in electronic trading for fixed-income securities, emphasizing fully electronic trading volumes. Investors can access detailed trading volume reports and related data on the company’s investor relations website.

MarketAxess Holdings has completed its acquisition of Regulatory Reporting Hub from Deutsche Börse Group, effective November 30, 2020. This strategic move aims to enhance MarketAxess's regulatory reporting capabilities across Europe, supporting a full front-to-back trade lifecycle service. The acquisition reflects the company’s commitment to improving its infrastructure and service offerings in the fixed-income market.

MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that CFO Tony DeLise will present at the Nasdaq 43rd Virtual Investor Conference on December 1, 2020, at 12:00 p.m. EST. The presentation will be available for live streaming online. MarketAxess operates a top electronic trading platform for fixed-income securities, enhancing liquidity, execution quality, and cost efficiency for over 1,700 global firms. The company's innovative Open Trading™ marketplace serves as a key liquidity solution in credit markets, backed by extensive data analytics and trading technology.

MarketAxess Holdings reported October 2020 trading volume of $489.8 billion, comprising $216.9 billion in credit and $272.8 billion in rates. The volume reflects fully electronic trading across all product categories, underlining MarketAxess's position as a leading operator for fixed-income securities.

The company's consistent trading volume signals robust demand in the fixed-income market, reinforcing its significance in the industry.

MarketAxess Holdings Inc. (Nasdaq: MKTX) reported strong third-quarter results for 2020, with revenues increasing by 25% to $164.0 million compared to the same period in 2019. Operating income rose 33% to $87.8 million, yielding an operating margin of 53.5%. Net income climbed 26% to $67.8 million with diluted EPS at $1.78. The company achieved record U.S. market shares, with high-grade at 22.2% and high-yield at 16.0%. While total expenses grew 16% to $76.2 million, the company declared a cash dividend of $0.60 per share, payable on November 25, 2020.