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. (Nasdaq: MKTX) is the operator of an electronic trading platform for fixed-income securities, and its news flow centers on trading activity, product developments and financial performance. Company updates frequently highlight trading volume statistics, variable transaction fees per million ("FPM") and average daily volume ("ADV") across credit and rates products, giving investors and market participants insight into platform usage and market share trends.
News releases from MarketAxess often cover monthly and quarterly trading volume statistics for U.S. high-grade and high-yield corporate bonds, emerging markets debt, eurobonds, municipal bonds and U.S. government and other government bonds. These updates include details on client-initiated, portfolio trading and dealer-initiated channels, as well as metrics for protocols such as block trading, Mid-X and portfolio trading. The company also reports estimated market share based on external trade reporting sources.
In addition to volume and market share data, MarketAxess issues news about quarterly financial results, services revenue, non-GAAP metrics such as EBITDA and free cash flow, and capital allocation decisions including dividends and share repurchase authorizations. The company has also announced medium-term financial targets and the use of accelerated stock repurchase agreements.
Product and platform news includes announcements such as the launch of Opening and Closing Auctions for U.S. credit on the X-Pro Trading platform and enhancements to workflow tools like Targeted RFQ. Investors following MKTX news can track how these initiatives relate to trading activity in strategic channels and regions, including emerging markets. This news page allows readers to review a chronological record of MarketAxess press releases and related coverage.
MarketAxess Holdings (Nasdaq: MKTX), a leading electronic trading platform for fixed-income securities, has announced its participation in the Goldman Sachs Financial Services Conference. CEO Chris Concannon and CFO Ilene Fiszel Bieler will engage in a fireside chat on December 11, 2024, at 8:40 a.m. ET.
The event will be accessible through a live webcast, with a replay available on the MarketAxess Investor Relations website's events and presentations section.
MarketAxess Holdings (Nasdaq: MKTX) announced that Founder and Executive Chairman Rick McVey will retire at the end of the year, with Carlos Hernandez succeeding as Chairman effective January 1, 2025. McVey, who founded MarketAxess in 2000 and stepped down as CEO in April 2023, will remain as Chairman of MarketAxess , the company's international holding company. Hernandez, who previously served as a Director from 2006 to 2019 and rejoined in September 2023, retired from JPMorgan in April 2023 after 37 years, where he was Executive Chair of Investment and Corporate Banking.
MarketAxess Holdings (Nasdaq: MKTX) reported strong Q3 2024 financial results with total revenues increasing 20% to $206.7 million. The company achieved a 30% increase in diluted EPS to $1.90 on net income of $71.5 million. Key highlights include 24% growth in U.S. high-grade commission revenue, 20% growth in emerging markets, and record portfolio trading ADV of $1.1 billion. Total expenses rose 14% to $119.7 million. The company maintained strong liquidity with $602.5 million in cash and investments, while declaring a quarterly dividend of $0.74 per share.
MarketAxess Holdings (Nasdaq: MKTX) reported record total trading average daily volume (ADV) of $46.2 billion in October 2024, up 40% year-over-year. Total credit ADV reached $15.0 billion (+19% YoY), while record total rates ADV hit $31.2 billion (+54% YoY). Despite record trading volumes, U.S. high-grade market share declined to 18.0% from 20.3% last year. The company achieved record total trading volume of $1.0 trillion, increasing 47% from the previous year. Preliminary fee capture for total credit improved to $154 per million, up from $153 year-over-year.
MarketAxess Holdings (Nasdaq: MKTX) and S&P Global Market Intelligence have announced a strategic data partnership to enhance fixed-income market transparency. The collaboration involves integrating S&P Global Bond Reference Data into MarketAxess's data products and incorporating MarketAxess CP+™ real-time pricing into S&P Global's Evaluated Bond Pricing. The partnership combines S&P Global's evaluation of over 1.2 million bonds with MarketAxess CP+'s AI-powered real-time pricing, which provides updates every 15-60 seconds. The data integration is set to begin in the first half of 2025.
MarketAxess Holdings Inc. (Nasdaq: MKTX), a leading electronic trading platform for fixed-income securities, has announced it will release its third quarter 2024 financial results on Wednesday, November 6, 2024, before the market opens. The company will host a conference call at 10:00 a.m. ET on the same day to discuss the results and provide a strategic update.
Key executives participating in the call include Chris Concannon (CEO), Richard Schiffman (Global Head of Trading Solutions), and Ilene Fiszel Bieler (CFO). Investors can access the call by dialing 646-307-1963 (U.S./International) and using the ID 1832176. Additionally, a live audio webcast will be available on the Investor Relations section of the MarketAxess website, with an archive available for 90 days following the announcement.
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.