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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) 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.
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.