MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms worldwide. It offers the access to global liquidity in U.S. investment-grade bonds, U.S. high-yield bonds, U.S. Treasuries, municipal bonds, emerging market debt, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including Composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company offers a range of pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.
IPO Year: 2004
Exchange: NASDAQ
Website: marketaxess.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/10/2024 | $199.00 | Underperform | BofA Securities |
| 1/23/2024 | Outperform | William Blair | |
| 1/8/2024 | $246.00 → $291.00 | Overweight → Equal Weight | Barclays |
| 10/6/2023 | $285.00 | Buy | UBS |
| 6/28/2023 | $310.00 | Overweight | Barclays |
| 3/2/2023 | $321.00 → $403.00 | Neutral → Overweight | Atlantic Equities |
| 10/12/2022 | $285.00 | Buy | Citigroup |
| 8/17/2022 | $231.00 | Sell | Rosenblatt |
| 4/21/2022 | $275.00 | Sell → Neutral | Compass Point |
| 4/6/2022 | Outperform → Mkt Perform | Raymond James |
Revenue Growth of 20% Driven by Strong Growth in Total Credit ADV on Higher Market Volumes Record Portfolio Trading ADV; Record Municipal Bonds ADV and Estimated Market Share MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the third quarter ended September 30, 2024. 3Q24 select financial and operational highlights* 20% increase in total revenues to $206.7 million, including Pragma revenue of $7.7 million and an increase of approximately $0.9 million from the impact of foreign currency fluctuations. 24% growth in U.S. high-grade commission revenue on strong growth in marke
Carlos Hernandez Elected As Next Chairman MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that Founder and Executive Chairman Rick McVey will retire at the end of the year. Carlos Hernandez will succeed Mr. McVey as Chairman of the Board of Directors, effective January 1, 2025. Mr. McVey has agreed to remain as the Chairman of the Board of Directors of MarketAxess Limited, the Company's international holding company. Mr. McVey founded MarketAxess in 2000 and is a visionary in the evolution of fixed income market structure. Under his leadership, the company grew to become a global, S&P 500 company t
Second Consecutive Month of Record Total Trading ADV on Continued Strong Market Volumes MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million ("FPM") for October 2024.1 Chris Concannon, CEO of MarketAxess, commented: "We delivered the second straight month of record total trading ADV in October, driven by continued robust market volumes and strength in our international businesses. Our rates business also generated record ADV in October, surpassing the previous monthly record set during a period of extreme market volatility in March 20
NEW YORK, Oct. 31, 2024 /PRNewswire/ -- S&P Global Market Intelligence (SPGMI), a leading provider of information services and solutions to the global markets, and MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced a strategic data partnership that will result in increased transparency and efficiency for the fixed-income markets. Core to the partnership will be the integration of S&P Global Bond Reference Data into the MarketAxess suite of data products, and the inclusion of MarketAxess CP
MarketAxess Holdings Inc. (NASDAQ:MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its third quarter 2024 financial results on Wednesday, November 6, 2024, before the market opens. Chris Concannon, Chief Executive Officer, Richard Schiffman, Global Head of Trading Solutions, and Ilene Fiszel Bieler, Chief Financial Officer, will host a conference call to provide a strategic update and discuss the Company's financial results and outlook on Wednesday, November 6, 2024 at 10:00 a.m. ET. To access the conference call, please dial 646-307-1963 (U.S./International) and use the ID 1832176. The Company will also host a l
Strong Growth in Market Volume Drove Record Levels of Trading Activity Across the Platform in September MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million ("FPM") for September 2024 and the third quarter ended September 30, 2024.1 Chris Concannon, CEO of MarketAxess, commented: "Strong market volumes and a robust new issue calendar helped drive an increase in the velocity of electronic trading and record levels of trading activity in September across our platform. Against this improving market backdrop, in 3Q24 we delivered 27% grow
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced an expansion of its decade-long partnership with BlackRock to seamlessly integrate MarketAxess credit trading protocols, pricing and data into BlackRock's Aladdin® order execution management system (OEMS). This announcement builds on the MarketAxess and BlackRock partnership in Open Trading and MarketAxess analytics that began in 2013. The new connectivity will provide common clients of Aladdin and MarketAxess with an enhanced trading experience through integration of select MarketAxess credit protocols natively within the Aladdin platform. "Our two f
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million ("FPM") for August 2024.1 Chris Concannon, CEO of MarketAxess, commented: "A favorable market environment helped deliver strong year-over-year, and solid month-over-month results in August. We delivered 27% growth in total credit ADV year-over-year, driven by a 34% increase in U.S. high-grade, a 25% increase in emerging markets, a 19% increase in Eurobonds, and a 49% increase in municipal bonds. We also generated record portfolio trading ADV of $988 million. Our leadership position i
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that Chris Concannon, Chief Executive Officer, and Ilene Fiszel Bieler, Chief Financial Officer, will participate in the Barclays Global Financial Services Conference on September 10, 2024. Mr. Concannon and Ms. Fiszel Bieler will participate in a fireside chat at 2:45 p.m. ET. The live webcast and replay for the fireside chat will be available on the events and presentations section of the MarketAxess Investor Relations homepage, https://investor.marketaxess.com/events-and-presentations. About MarketAxess MarketAxess (NASDAQ:MKTX) operates a lead
Revenue Growth of 10% Driven by Growth in Total Credit ADV and Pragma Revenues Second Strongest Quarter for Total Credit ADV with Strong Growth Across Most Products Record Eurobonds ADV, Portfolio Trading Volume and Muni Bond Estimated Market Share Board Increases Share Repurchase Authorization to $250 Million MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the second quarter ended June 30, 2024. 2Q24 select financial and operational highlights* Total revenues of $197.7 million, up 10%, includes Pragma revenues of $7.9 million and an increase of approximately $0.3 m
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Barclays analyst Benjamin Budish maintains MarketAxess Holdings (NASDAQ:MKTX) with a Equal-Weight and lowers the price target from $225 to $215.
8 analysts have expressed a variety of opinions on MarketAxess Holdings (NASDAQ:MKTX) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 6 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 2 0 0 3M Ago 0 0 3 1 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $239.5, a high estimate of $285.00, and a low estimate of $199.00. This current average represe
Piper Sandler analyst Patrick Moley maintains MarketAxess Holdings (NASDAQ:MKTX) with a Neutral and lowers the price target from $230 to $225.
Barclays analyst Benjamin Budish maintains MarketAxess Holdings (NASDAQ:MKTX) with a Equal-Weight and lowers the price target from $236 to $225.
Keefe, Bruyette & Woods analyst Kyle Voigt maintains MarketAxess Holdings (NASDAQ:MKTX) with a Market Perform and lowers the price target from $235 to $230.
UBS analyst Alex Kramm maintains MarketAxess Holdings (NASDAQ:MKTX) with a Buy and lowers the price target from $305 to $285.
MarketAxess Holdings (NASDAQ:MKTX) reported quarterly earnings of $1.92 per share which beat the analyst consensus estimate of $1.87 by 2.67 percent. The company reported quarterly sales of $210.300 million which missed the analyst consensus estimate of $212.657 million by 1.11 percent. This is a 3.51 percent increase over sales of $203.169 million the same period last year.
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Revenue Growth of 20% Driven by Strong Growth in Total Credit ADV on Higher Market Volumes Record Portfolio Trading ADV; Record Municipal Bonds ADV and Estimated Market Share MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the third quarter ended September 30, 2024. 3Q24 select financial and operational highlights* 20% increase in total revenues to $206.7 million, including Pragma revenue of $7.7 million and an increase of approximately $0.9 million from the impact of foreign currency fluctuations. 24% growth in U.S. high-grade commission revenue on strong growth in marke
MarketAxess Holdings Inc. (NASDAQ:MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its third quarter 2024 financial results on Wednesday, November 6, 2024, before the market opens. Chris Concannon, Chief Executive Officer, Richard Schiffman, Global Head of Trading Solutions, and Ilene Fiszel Bieler, Chief Financial Officer, will host a conference call to provide a strategic update and discuss the Company's financial results and outlook on Wednesday, November 6, 2024 at 10:00 a.m. ET. To access the conference call, please dial 646-307-1963 (U.S./International) and use the ID 1832176. The Company will also host a l
Revenue Growth of 10% Driven by Growth in Total Credit ADV and Pragma Revenues Second Strongest Quarter for Total Credit ADV with Strong Growth Across Most Products Record Eurobonds ADV, Portfolio Trading Volume and Muni Bond Estimated Market Share Board Increases Share Repurchase Authorization to $250 Million MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the second quarter ended June 30, 2024. 2Q24 select financial and operational highlights* Total revenues of $197.7 million, up 10%, includes Pragma revenues of $7.9 million and an increase of approximately $0.3 m
MarketAxess Holdings Inc. (NASDAQ:MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens. Chris Concannon, Chief Executive Officer, Richard Schiffman, Global Head of Trading Solutions, and Ilene Fiszel Bieler, Chief Financial Officer, will host a conference call to provide a strategic update and discuss the Company's financial results and outlook on Tuesday, August 6, 2024 at 10:00 a.m. ET. To access the conference call, please dial 646-307-1963 (U.S./International) and use the ID 1832176. The Company will also host a live au
Record Emerging Markets, Eurobonds and Municipal Bonds Quarterly Commission Revenue MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the first quarter ended March 31, 2024. 1Q24 select financial and operational highlights* Total revenues of $210.3 million, up 3.5%, includes Pragma revenues of $7.5 million and an increase of approximately $0.8 million from the impact of foreign currency fluctuations. Strong growth in U.S. high-grade commission revenue of 8.0% and record emerging markets, Eurobonds and municipal bonds commission revenue helped offset the impact of lower U.
MarketAxess Holdings Inc. (NASDAQ:MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its first quarter 2024 financial results on Tuesday, May 7, 2024, before the market opens. Chris Concannon, Chief Executive Officer, and Richard Schiffman, Global Head of Trading Solutions, will host a conference call to provide a strategic update and discuss the Company's financial results and outlook on Tuesday, May 7, 2024 at 10:00 a.m. ET. To access the conference call, please dial 646-307-1963 (U.S./International) and use the ID 5486084. The Company will also host a live audio Webcast of the conference call on the Investor Re
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the fourth quarter and full year ended December 31, 2023. 4Q23 select financial and operational highlights* Total revenues of $197.2 million, up 10.9%, includes Pragma revenues of $7.6 million and an increase of $1.8 million from the impact of foreign currency fluctuations. Total expenses of $120.2 million, up 19.9%, includes Pragma operating expenses of $8.7 million, acquisition-related expenses and costs associated with efficiency initiatives of $2.4 million and an increase of $1.7 million from the impact of foreign curre
MarketAxess Holdings Inc. (NASDAQ:MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its fourth quarter and full-year 2023 financial results on Wednesday, January 31, 2024, before the market opens. Chris Concannon, Chief Executive Officer, and Richard Schiffman, Global Head of Trading Solutions, will host a conference call to provide a strategic update and discuss the Company's financial results and outlook on Wednesday, January 31, 2024 at 10:00 a.m. ET. To access the conference call, please dial 888-660-6576 (U.S.) and use the ID 3629577 or dial 929-203-1995 (international) and use the ID 3629577. The Company wi
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the third quarter ended September 30, 2023. 3Q23 select financial and operational highlights* $172.3 million in total revenues, in line with the prior year, reflecting the impact of low credit spread volatility in the period. 10.0% increase in total expenses, driven principally by investments to capture the long-term revenue opportunity in the global fixed-income markets; $66.9 million in operating income. Diluted EPS of $1.46 on net income of $54.9 million. Record information services revenue of $11.8 million, up 21.
MarketAxess Holdings Inc. (NASDAQ:MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens. Chris Concannon, Chief Executive Officer, Richard Schiffman, Global Head of Trading Solutions and Christopher Gerosa, Chief Financial Officer, will host a conference call to discuss the Company's financial results and outlook on Wednesday, October 25, 2023 at 10:00 a.m. ET. To access the conference call, please dial 888-660-6576 (U.S.) and use the ID 3629577 or dial 929-203-1995 (international) and use the ID 3629577. The Company will
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BofA Securities initiated coverage of MarketAxess with a rating of Underperform and set a new price target of $199.00
William Blair resumed coverage of MarketAxess with a rating of Outperform
Barclays downgraded MarketAxess from Overweight to Equal Weight and set a new price target of $291.00 from $246.00 previously
UBS initiated coverage of MarketAxess with a rating of Buy and set a new price target of $285.00
Barclays initiated coverage of MarketAxess with a rating of Overweight and set a new price target of $310.00
Atlantic Equities upgraded MarketAxess from Neutral to Overweight and set a new price target of $403.00 from $321.00 previously
Citigroup initiated coverage of MarketAxess with a rating of Buy and set a new price target of $285.00
Rosenblatt initiated coverage of MarketAxess with a rating of Sell and set a new price target of $231.00
Compass Point upgraded MarketAxess from Sell to Neutral and set a new price target of $275.00
Raymond James downgraded MarketAxess from Outperform to Mkt Perform
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the appointment of John Maggiacomo as Head of Client Sales in North America. In this newly created role, Mr. Maggiacomo will be responsible for sales leadership for the North America Client Sales business, focusing on expanding and deepening the institutional client footprint across all MarketAxess product areas. Kevin McPherson, Chief Revenue Officer of MarketAxess, commented, "John brings with him extensive fixed income sales experience and strong industry relationships. I am confident that his deep fixed income product knowledge, including his Hi
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the appointment of Dan Burke as Global Head of Emerging Markets (EM). As Global Head of EM, Mr. Burke will be responsible for the development and execution of business strategy for the EM business in both hard currency and local markets. He will lead business and product management expansion of the company's EM trading business across geographies and products. Raj Paranandi, Chief Operating Officer, EMEA & APAC at MarketAxess, commented, "Dan brings a wealth of Emerging Markets experience and a valuable dealer perspective to MarketAxess at a time wh
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the appointment of Ilene Fiszel Bieler as Chief Financial Officer. Ms. Fiszel Bieler is currently expected to start with MarketAxess on or about May 22, 2024. Ms. Fiszel Bieler replaces Christopher Gerosa, who left the Company on January 31, 2024. Chris Concannon, CEO of MarketAxess, commented, "Ilene's diverse financial services background and unique operational experience will be instrumental to our continued growth. The Board, along with Executive Chairman Rick McVey, and I all look forward to her partnership and leadership of the finance organizat
NEW YORK, Nov. 14, 2023 /PRNewswire/ -- R&T Deposit Solutions ("R&T" or the "Company"), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs, announced today that it has appointed global markets industry veteran Christopher Gerosa as Executive Vice President, Chief Financial Officer - effective February 2024. Mr. Gerosa will report directly to R&T's Chief Executive Officer, Joseph Jerkovich and serve on the company's Executive Committee. In this role, Mr. Gerosa will oversee the Finance Division, including Accounting, Financial Planning and Analysis, Treasury Management and Tax. As the leader of the company's finance team, which incl
Releases 2022 ESG Report MarketAxess Holdings Inc. (NASDAQ:MKTX) the operator of a leading electronic trading platform for fixed-income securities, announced the appointment of Nancy Altobello, as Lead Independent Director of the Board, effective April 13, 2023. She succeeds Stephen P. Casper, who has served in the role of Lead Independent Director since 2012. Mr. Casper will continue his service as a director. "Steve joined our Board at a pivotal time in our company history and provided oversight during a period of tremendous growth, including our addition to the S&P 500 index," said Rick McVey, Founder and Executive Chairman of MarketAxess. "We are extremely grateful for his many cont
NEW YORK, Oct. 18, 2021 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced the appointment of Kathryn Sweeney as the Head of Index and ETF Solutions. As Head of Index and ETF Solutions, Ms. Sweeney will be responsible for the development and execution of the MarketAxess index and ETF business strategy. She will lead business and product development efforts by working with industry partners to leverage MarketAxess' proprietary market data and trading insights to create a suite of indices a
LONDON, Jan. 13, 2021 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced the appointment of Raj Paranandi as Chief Operating Officer, EMEA & APAC. The appointment is effective March 1st, 2021. “Raj brings with him an impressive record of front-to-back operational leadership and successful strategic transformation”, said Christophe Roupie, Head of EMEA and APAC at MarketAxess. “His experience in building new business lines and leading major technology and infrastructure change programs will