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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 (Nasdaq: MKTX) announced that Barclays (NYSE: BCS) will become a dedicated market maker, providing streaming prices for US investment grade corporate bonds on the MarketAxess Live Markets™ platform. This initiative enhances liquidity and trading efficiency for institutional investors, allowing them to place live orders more easily. In Q1 2021, volume via Open Trading reached a record $246.3 billion, up 20% year-over-year. This growth reflects the increasing importance of all-to-all trading in the credit markets, significantly benefiting MarketAxess's trading volumes.
MarketAxess Holdings Inc. (Nasdaq: MKTX), a leader in electronic trading for fixed-income securities, announced that Chris Concannon, President and COO, and Tony DeLise, CFO, will present at the Deutsche Bank Global Financial Services and FinTech Information Services Conference on June 2, 2021, at 11:50 a.m. EDT. The presentation will be available via live stream. MarketAxess operates a robust trading platform that enhances liquidity, execution quality, and cost efficiency for over 1,800 firms globally.
MarketAxess Holdings (NASDAQ: MKTX) reported strong trading volumes for April 2021, totaling $511.4 billion. This includes $225.0 billion in credit volume and $286.4 billion in rates volume, reflecting robust activity in the fixed-income market. The figures represent fully electronic trading volume, reinforcing MarketAxess's position as a key player in providing market data and post-trade services globally.
MarketAxess Holdings reported strong first-quarter results for 2021, achieving record revenues of $195.5 million, a 16% increase year-over-year. Operating income rose to $103.5 million (+14%), with a diluted EPS of $2.11 (+8%). The company noted a record Open Trading credit volume of $246.3 billion (+20%) and increased market share in both high-grade (20.5%) and high-yield (15.6%) segments. Total expenses increased by 18.1% to $92.0 million, largely due to rising employee costs and acquisition-related expenses. A quarterly dividend of $0.66 per share was declared.
MarketAxess Holdings Inc. (Nasdaq: MKTX) completed its acquisition of MuniBrokers on April 9, 2021. This acquisition allows MarketAxess to enhance its electronic trading platform for municipal bonds, aiming to improve liquidity for the broker-dealer community. President Chris Concannon stated that the integration of MuniBrokers aligns with their vision to use technology for broader trading connections. MarketAxess continues to focus on delivering cost-effective trading solutions and market data services, leveraging its extensive network of over 1,800 firms to strengthen its position in the global fixed-income market.
MarketAxess Holdings Inc. (Nasdaq: MKTX) will announce its 2021 first quarter results on April 22, 2021, prior to market opening. The announcement will be followed by a conference call at 10:00 a.m. EST, featuring Chairman and CEO Richard M. McVey and other key executives. Interested parties can join the call by dialing specific U.S. and international numbers or via live audio Webcast on the company's Investor Relations website. A replay will be available for one week post-announcement. MarketAxess is a leader in electronic trading for fixed-income securities.
MarketAxess Holdings reported a record monthly trading volume of $689.6 billion for March 2021, split between $292.6 billion in credit and $397.0 billion in rates. Highlights include a total credit average daily trading volume of $12.7 billion and various trading volume records, such as $145.7 billion for U.S. high-grade and $43.9 billion for U.S. high-yield. Preliminary variable transaction fees were reported at $180 for U.S. high-grade and $3.70 for rates. These figures underscore MarketAxess's strong performance in fixed-income securities trading.
MarketAxess Holdings (Nasdaq: MKTX) announced a successful year highlighted by the Trading for Trees incentive program, resulting in over 134,000 trees planted. In 2020, the firm facilitated $27 billion in green bond trading, a 42% increase from 2019, securing a 20.3% market share in the U.S. green bond marketplace. The program continues in 2021, promising to plant 5 trees for every $1 million of trading volume. MarketAxess aims to enhance trading technologies to support sustainable investment strategies.
MarketAxess Holdings reported a record monthly trading volume in February 2021, reaching $610.4 billion. This figure includes $225.3 billion in credit volume and $385.1 billion in rates volume. The company emphasizes that these numbers reflect fully electronic trading only. This achievement underscores MarketAxess's leading position in the fixed-income markets. The trading volumes and additional metrics are accessible on their investor website.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced that Rick McVey, Chairman and CEO, will speak at the 42nd Annual Raymond James Institutional Conference on March 1, 2021, at 9:10 a.m. EST. The presentation will be available for live streaming via a dedicated link.
MarketAxess is known for its electronic trading platform for fixed-income securities, providing significant liquidity and cost savings. It serves a global network of over 1,800 firms, including major asset managers and institutional broker-dealers.