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. 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 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.
MarketAxess Holdings Inc. (Nasdaq: MKTX) will announce its 2021 second quarter results on July 21, 2021, before the markets open. Key executives, including Richard M. McVey (CEO), Chris Concannon (COO), and Antonio L. DeLise (CFO), will host a conference call at 10:00 a.m. EST to discuss the financial results and outlook. Interested parties can join the call by dialing 855-425-4206 (U.S.) or 484-756-4249 (international), or via live audio Webcast on the Investor Relations section of their website. A replay will be available for one week after the announcement.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced a monthly trading volume of $567.0 billion for June 2021, with $239.5 billion in credit and $327.5 billion in rates. The company reported preliminary variable transaction fees per million for Q2 2021: $174 for U.S. high-grade, $194 for other credit, $184 for total credit, and $3.90 for rates. These FPM figures are preliminary and subject to revision. Trading volume data is available on the MarketAxess investor website.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced new enhancements to its portfolio trading solution aimed at improving client efficiency on its electronic trading platform. Key features include support for multi-directional and multi-currency lists, integrating seamlessly with existing list RFQ functionality. Portfolio trading now accounts for approximately $1.5 billion in average daily volume. Recent technology upgrades have led to over 50 completed portfolio trades with significant participation from various investors and dealers, showcasing growing adoption in the market.
MarketAxess Holdings Inc. (Nasdaq: MKTX) has announced that CFO Tony DeLise will speak at the Morgan Stanley U.S. Financials, Payments and CRE Conference on June 16, 2021, at 11:00 a.m. EST. The presentation will be available via live internet broadcast. MarketAxess operates a top electronic trading platform that enhances liquidity, execution quality, and cost efficiency in global fixed-income markets, serving over 1,800 firms including major asset managers. For further details, visit their official website.
MarketAxess Holdings Inc. (Nasdaq: MKTX) will participate in the Piper Sandler Global Exchange & FinTech Conference on June 9, 2021. Rick McVey, Chairman and CEO, is set to engage in a fireside chat at 1:30 p.m. EST, while Chris Concannon, President and COO, will join a panel discussion at 2:30 p.m. EST. Both presentations will be broadcast live online, allowing listeners to access the events via provided links. MarketAxess operates a leading electronic trading platform for fixed-income securities, offering enhanced liquidity and market data services.
MarketAxess Holdings Inc. (MKTX) reported a monthly trading volume of $478.7 billion for May 2021, which includes $204.4 billion in credit volume and $274.3 billion in rates volume. This figure encompasses only fully electronic trading volume across all product categories. MarketAxess continues to lead in electronic trading and provides key market data for the global fixed-income markets. Investors can find estimated TRACE volumes on the company’s website as they await FINRA's publication of the corporate and agencies capped volume report for May.