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 |
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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
Connectivity to provide access to deeper liquidity in the fixed income markets ICE Bonds, part of Intercontinental Exchange (NYSE:ICE), a leading global provider of technology and data, and MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of leading electronic trading platforms for fixed-income securities, today announced plans to connect their respective liquidity networks to bring greater efficiency and access to deeper liquidity in fixed income markets to the institutional and wealth management spaces. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240805612716/en/ With this announcement, ICE Bonds and MarketAxess plan
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 July 2024.1 Chris Concannon, CEO of MarketAxess, commented: "In July, we delivered 12% growth in total credit ADV, driven by an 18% increase in U.S. high-grade, an 18% increase in Eurobonds, a 7% increase in emerging markets and a 65% increase in Municipal bonds on record estimated market share. We also generated record portfolio trading ADV of $972 million. These strong results helped offset a decline in U.S. high-yield ADV. We are not pleased with the progression of 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 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
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 June and the second quarter ended June 30, 2024.1 Chris Concannon, CEO of MarketAxess, commented: "In the second quarter, we delivered 12.4% growth in total credit ADV, driven by strength in U.S. high-grade (+13.0%), emerging markets (+23.0%), municipals (+34.2%) and Eurobonds (+8.3%). We exited the second quarter with U.S. high-grade estimated market share of 19.9% in June (20.2% including single-dealer portfolio trades), reflecting sequential monthly improvement throu
New tool brings e-trading efficiency and certainty of execution to muni baskets of up to 1,500 CUSIPs MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the platform's first ever portfolio trade for tax-exempt municipal bonds. The portfolio trade was executed earlier this month between a large bank and a large asset manager. The new Portfolio Trading for Tax-Exempt Munis tool allows clients to send lists to multiple counter-parties or a single dealer, negotiating price improvements and trading discreetly on a diversified basket of Tax-Exempt Munis in one singular point of transaction. Clients can lo
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 May 2024.1 Chris Concannon, CEO of MarketAxess, commented: "In May, we delivered strong growth in total credit ADV of 11.1%, driven by a 21.8% increase in emerging markets, a 24.8% increase in Eurobonds and a 43.2% increase in municipal bonds on record municipal bond market share of 8.1%. Our estimated market share of U.S. high-grade portfolio trading was 21.8%, up from 12.8% in the prior year, and up from 15.4% in April, reflecting strong gains in portfolio trading. In
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
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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.
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
MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced monthly trading volume and preliminary variable transaction fees per million ("FPM") for the third quarter ended September 30, 2023.1 Chris Concannon, CEO of MarketAxess, commented: "Our international businesses and our municipal bond offering registered solid ADV growth in the quarter, reflecting the benefits of our geographic and product diversification. Continued low levels of volatility dampened ETF market maker activity and favored select trading protocols, including portfolio trading. Adoption of our new trading platform, MarketAxess X-Pro, co
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, 2023. 2Q23 select financial and operational highlights* $179.8 million in total revenues, down 1.3%, reflects impact of low credit spread volatility. 4.0% growth in total revenues year-to-date to $383.0 million compared to the prior year. 6.9% increase in total expenses, driven principally by investments to capture the long-term revenue opportunity in the global fixed-income markets; $75.7 million in operating income. Diluted EPS of $1.59 on net income of $59.9 million. Foreign curr