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MarketAxess Holdings Inc. (MKTX) operates a leading electronic trading platform for global fixed-income markets, connecting institutional participants in corporate bonds and other debt instruments. This page aggregates official announcements and verified news developments about the company’s trading innovations, strategic partnerships, and market initiatives.
Investors and professionals will find timely updates on platform enhancements, liquidity trends, and regulatory developments impacting electronic fixed-income trading. Content spans earnings reports, product launches, and operational milestones that shape MarketAxess’ role in modernizing bond markets through its all-to-all trading model.
Key updates cover advancements in automated trading protocols, market data services, and cross-border connectivity solutions. Users can track how the company addresses evolving institutional needs while maintaining compliance in complex regulatory environments.
Bookmark this page for centralized access to MarketAxess’ latest developments. Monitor critical updates influencing fixed-income market infrastructure and electronic execution trends without promotional bias.
MarketAxess Holdings (Nasdaq: MKTX), a leading electronic trading platform for fixed-income securities, reported record trading volumes for September and Q3 2024.
Key Highlights:
- Record total average daily volume (ADV) of $45.2 billion in September, up 52.5% YoY.
- Total credit ADV of $16.5 billion, up 40.1% YoY.
- U.S. high-grade ADV of $8.4 billion, up 56.2% YoY.
- U.S. high-yield ADV of $1.4 billion, up 8.1% YoY.
- Portfolio trading ADV reached $1.1 billion.
- Open Trading ADV of $4.8 billion, up 46.8% YoY.
- Municipal bond ADV of $577 million, up 35.1% YoY.
- Total rates ADV of $28.7 billion, up 60.7% YoY.
- Preliminary variable transaction fees per million (FPM) for total credit at $150, slightly down from $151 YoY.
CEO Chris Concannon highlighted the robust market volumes, strong new issue calendar, and the successful roll-out of X-Pro to their global client base as key drivers of growth.
MarketAxess Holdings Inc. (Nasdaq: MKTX) has announced an expansion of its decade-long partnership with BlackRock to enhance connectivity and efficiency in global credit markets. The collaboration will integrate MarketAxess credit trading protocols, pricing, and data into BlackRock's Aladdin® order execution management system (OEMS). This builds on their existing partnership in Open Trading and MarketAxess analytics that began in 2013.
The integration aims to provide common clients of Aladdin and MarketAxess with an improved trading experience through native integration of select MarketAxess credit protocols within the Aladdin platform. The partnership will bring MarketAxess' latest automation protocols, including Adaptive Auto-X, RFQ solutions, Open Trading, and Live Markets central limit order book directly to Aladdin clients.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced strong trading volume results for August 2024. Total average daily volume (ADV) reached $41.6 billion, up 39.6% year-over-year. Key highlights include:
- Total credit ADV increased 27.4% year-over-year
- U.S. high-grade ADV rose 33.7% to $6.7 billion
- Emerging markets ADV grew 25.5% to $3.2 billion
- Record portfolio trading ADV of $988 million, up 125.6%
- Open Trading share reached 36% of total credit trading volume
CEO Chris Concannon noted the favorable market environment and the company's strong position in global credit institutional e-trading. MarketAxess is set to roll out X-Pro to its global client base later this month.
MarketAxess Holdings (Nasdaq: MKTX), a leading electronic trading platform for fixed-income securities, has announced its participation in the Barclays Global Financial Services Conference on September 10, 2024. CEO Chris Concannon and CFO Ilene Fiszel Bieler will engage in a fireside chat at 2:45 p.m. ET.
Investors and interested parties can access the live webcast and replay of the fireside chat through the events and presentations section of the MarketAxess Investor Relations website at https://investor.marketaxess.com/events-and-presentations. This participation highlights MarketAxess's commitment to engaging with the financial services community and providing insights into its operations and strategies.
MarketAxess Holdings (Nasdaq: MKTX) reported its second-quarter 2024 financial results, showcasing a 10% revenue growth to $197.7 million, driven by a 12% increase in credit ADV and a 22% rise in services revenue. Notable achievements include a record $55 billion in portfolio trading volume and a significant 34% growth in municipal bond ADV.
Total expenses rose by 12% to $116.3 million, and the company achieved a diluted EPS of $1.72, up from $1.59 last year. The board approved a new share repurchase authorization of $200 million, adding to the existing $50 million, for a total of $250 million. Additionally, MarketAxess declared a quarterly cash dividend of $0.74 per share, payable on September 4, 2024.
The company saw growth across various markets, including a 23% increase in emerging markets ADV and an 8% rise in Eurobond ADV. Despite a decrease in U.S. high-yield trading activity, MarketAxess remains focused on its strategic priorities, leveraging connectivity and AI functionalities to drive future growth.
ICE Bonds, part of Intercontinental Exchange (NYSE: ICE), and MarketAxess Holdings Inc. (Nasdaq: MKTX) have announced plans to connect their liquidity networks to enhance efficiency and access to deeper liquidity in fixed income markets. This collaboration will establish connectivity between ICE Bonds' automated trading system, ICE TMC, and MarketAxess' Open Trading network, enabling communication between their respective protocols and liquidity pools.
The partnership aims to expand opportunities for accessing liquidity in corporate and municipal bonds, benefiting both institutional and wealth management clients. By combining ICE Bonds' retail brokerage and wealth management presence with MarketAxess' institutional trading leadership, the initiative seeks to enhance price transparency, best execution, and overall market liquidity for all participants across both platforms.
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced its July 2024 trading volume statistics. Total average daily volume (ADV) increased 24.1% to $35.1 billion, driven by strong growth in total credit ADV (up 12.3% to $12.8 billion) and a 32.0% increase in total rates ADV. Highlights include:
- U.S. high-grade ADV up 17.9% to $6.1 billion
- Emerging markets ADV up 7.1% to $3.2 billion
- Eurobonds ADV up 17.8% to $1.8 billion
- Municipal bond ADV up 65.2% to $575 million
- Record portfolio trading ADV of $972 million, up 178.5%
However, U.S. high-yield ADV decreased 17.7% to $1.1 billion. The company's CEO expressed concern over U.S. credit market share progression in July but remains optimistic about future market share expansion through portfolio trading and dealer solutions initiatives.
MarketAxess Holdings Inc. (Nasdaq: MKTX), a leading electronic trading platform for fixed-income securities, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before market open. The company will host a conference call at 10:00 a.m. ET on the same day, featuring CEO Chris Concannon, Global Head of Trading Solutions Richard Schiffman, and CFO Ilene Fiszel Bieler. They will provide a strategic update and discuss the company's financial results and outlook.
Investors can access the conference call by dialing 646-307-1963 (U.S./International) with ID 1832176. Additionally, a live audio webcast will be available on the Investor Relations section of the MarketAxess website, which will be archived for 90 days following the announcement.
MarketAxess Holdings announced its trading volume and preliminary variable transaction fees for June and Q2 2024. Total average daily volume (ADV) rose 22.8% year-over-year to $34.2 billion in Q2, driven by a 12.4% increase in total credit ADV to $13.7 billion and a 30.9% rise in total rates ADV. U.S. high-grade ADV climbed 13.0% to $6.4 billion, though market share dipped to 18.7% from 20.7% a year ago. U.S. high-yield ADV fell 9.3% to $1.3 billion, with market share declining to 13.5% from 16.5%. Emerging markets ADV surged 23.0% to $3.3 billion, driven by a 25.6% rise in hard currency ADV. Municipal bond ADV jumped 34.2% to $522 million. The preliminary FPM for total credit dropped to $148 from $157 a year ago. Rates ADV increased 30.9% to $20.4 billion, with the preliminary FPM for total rates at $4.50, down from $4.70.
MarketAxess (Nasdaq: MKTX), a premier electronic trading platform for fixed-income securities, has introduced its first portfolio trade tool for tax-exempt municipal bonds. This tool enables clients to bundle and trade up to 1,500 CUSIPs efficiently and discreetly. The tool allows for price negotiation and quick adjustments in portfolio metrics, providing better execution certainty. The tool addresses a major demand among municipal bond traders, aligning their trading capabilities with those in the corporate bond market. MarketAxess has seen considerable growth, capturing an 8.1% market share in municipal bonds, up from 5.6% the previous year, with $577 million in average daily volumes.
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