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MarketAxess Holdings Inc. (MKTX) announced financial results for Q4 and full year 2023, reporting total revenues of $197.2 million, up 10.9%, and a 16.5% increase in diluted EPS to $1.84 on net income of $69.6 million. The company also achieved record information services revenue of $11.9 million, up 14.6%, and record post-trade revenue of $11.0 million, up 24.1%.
Rhea-AI Impact
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End-of-Day
-17.8%
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Rhea-AI Summary
MarketAxess Holdings Inc. (MKTX) will announce its Q4 and full-year 2023 financial results on January 31, 2024. The CEO and Global Head of Trading Solutions will host a conference call to discuss the results and outlook.
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End-of-Day
-0.65%
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MarketAxess Holdings Inc. (Nasdaq: MKTX) announced record 4Q23 trading volume, with a 36% increase, and record $33.4 billion in municipal bonds trading volume. The company's total credit ADV increased by 9% compared to the prior year, with U.S. high-grade ADV up by 13.3%. However, U.S. high-yield ADV decreased by 8.4%. Market share for U.S. high-grade and high-yield combined decreased slightly, while emerging markets ADV increased by 9.8%. Record portfolio trading volume reached $41.8 billion, up 35.8% from the prior year, with a 36% Open Trading share of total credit trading volume. Total rates ADV declined by 10.1%. Preliminary variable transaction fees per million for total credit in 4Q23 was $156, compared to $164 in the prior year. MarketAxess reported changes in estimated market share for various products, with some experiencing a decrease in market share compared to the prior year.
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End-of-Day
-1.28%
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MarketAxess Holdings Inc. (MKTX) sets new records with a total credit trading volume of $303.3 billion, Eurobonds trading volume of $43.7 billion, and municipal bond trading volume of $12.6 billion in November 2023.
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Rhea-AI Sentiment
End-of-Day
5.33%
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MarketAxess Holdings Inc. (MKTX) CEO Chris Concannon to participate in Goldman Sachs Financial Services Conference on December 5, 2023
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Rhea-AI Sentiment
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1.28%
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R&T Deposit Solutions (R&T) appoints Christopher Gerosa as Executive Vice President, Chief Financial Officer, effective February 2024. Gerosa will oversee the Finance Division and play a crucial role in shaping and executing R&T's financial strategy. The company aims to strengthen its financial operations and capabilities through further investment.
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Rhea-AI Sentiment
End-of-Day
3.01%
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MarketAxess Holdings Inc. (Nasdaq: MKTX) announces the resignation of CFO Christopher N. Gerosa, effective January 31, 2024, to join a private company in the commercial bank sector. The company has initiated a search for a new CFO. MarketAxess CEO, Chris Concannon, expresses gratitude for Gerosa's leadership and contributions.
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Rhea-AI Sentiment
End-of-Day
-1.73%
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MarketAxess Holdings Inc. (Nasdaq: MKTX) reported solid growth in trading volume for October 2023. Total credit ADV was $12.7 billion, up 1.8% YoY. U.S. high-grade ADV was $6.0 billion, up 7.8% YoY. U.S. high-yield ADV was $1.6 billion, down 19.0% YoY. Emerging markets ADV was $2.8 billion, up 0.3% YoY. Eurobonds ADV increased 7.4% to $1.7 billion. Municipal bond ADV was $532 million, up 10.9% YoY. MarketAxess X-Pro adoption reached 35% of portfolio trading volume. Open Trading share of total credit trading volume was 35%. Preliminary variable transaction fees per million (FPM) for total credit was approximately $153.
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Rhea-AI Sentiment
End-of-Day
-0.6%
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MarketAxess Holdings Inc. announced its Trading for Turkeys charity initiative to support City Harvest. MarketAxess will donate 25% of its U.S. High-Grade and U.S. High-Yield Portfolio Trading revenues in November to help feed New York City families during the holiday season. The MarketAxess Charitable Foundation will also be City Harvest's official 2023 Turkey sponsor. MarketAxess has previously helped rescue and deliver 772,000 lbs. of food in partnership with City Harvest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.95%
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Rhea-AI Summary
MarketAxess Holdings Inc. announced its financial results for Q3 2023, with total revenues of $172.3 million, in line with the prior year. The company saw a 10% increase in total expenses and recorded operating income of $66.9 million. Diluted EPS was $1.46 on net income of $54.9 million. Record information services revenue of $11.8 million, up 21.5%. The company also saw growth in average daily volume and active client firms. Total automated trade volume and trade count surpassed 2022 levels. The company delivered estimated price improvement of approximately $120 million in Q3 2023. Credit trading volume and market share decreased, while rates commission revenue decreased by 5%. Expenses increased by 10%. The company provided guidance for full-year 2023 expenses, capital expenditures, and effective tax rate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.26%
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MarketAxess Holdings Inc.
Nasdaq:MKTX
MKTX Rankings
MKTX Stock Data
7.66B
37.12M
1.8%
101.54%
3.05%
Securities Brokerage
Finance and Insurance
United States of America
NEW YORK
About MKTX
marketaxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using marketaxess’ patented trading technology. over 1,300 institutional investor and broker-dealer firms are active users of the marketaxess trading platform, accessing global liquidity in u.s. high-grade corporate bonds, emerging markets and high-yield bonds, leveraged loans, european bonds, u.s. agency bonds, municipal bonds, credit default swaps and other fixed-income securities. our "all-to-all" market for corporate bonds, open trading™, allows investment managers, broker-dealers at investment banks and other market participants to trade directly with one another electronically on an anonymous basis. marketaxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through proc