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MKTX
MarketAxess Holdings Inc.
+159%
+10.0% per year

Past performance does not guarantee future results. The data presented is indicative and may not be updated in real-time.

Country US
Exchange NASDAQ
Industry Financial - Capital Markets
Sector Financial Services
Market Cap $8.38B
CEO Mr. Christopher Robert Concannon J.D.

MarketAxess Holdings Inc. is a company that helps large investors and banks buy and sell bonds through an online platform. They make it easier for these institutions to find buyers or sellers for different types of bonds, like government and corporate bonds. MarketAxess also provides tools and services to help clients make smart trading decisions and keep track of their trades. Essentially, they create a smooth and efficient way for businesses to trade fixed income securities.

Streams of revenue

Commission Revenue: 83%
Post Trade Services: 8%
Information Services: 6%
Technology Services: 3%

Geographic Distribution

Americas: 80%
Europe: 17%
Other Geographic Area: 3%

Core Products

📊
Live Markets Real-time bond data
🔄
Open Trading Bond trading platform
📈
Data Services Market data analytics
🤖
Automated Trading Algo bond trading

Business Type

Marketplace Platform/Marketplace

Competitive Advantages

🔗
Network Effect As more institutional investors and broker-dealers join the MarketAxess platform, the liquidity and trading volume increase, attracting even more users.
📊
Data-Driven Insights The company offers comprehensive market data and analytics, empowering clients with valuable insights to make informed trading decisions.
💻
Proprietary Technology MarketAxess's advanced electronic trading technology and Open Trading protocols provide unique execution solutions that enhance trading efficiency.
📈
Diverse Product Offering MarketAxess provides a wide range of fixed-income products, catering to various investment needs and attracting a broad client base.
📜
Regulatory Compliance Expertise The company's deep understanding of regulatory requirements allows it to offer compliant trading solutions, making it a trusted partner for institutional clients.

Key Business Risks

💧
Liquidity Risk Insufficient liquidity can hinder trading efficiency and affect client satisfaction.
⚠️
Market Volatility Fluctuations in market conditions can impact trading volumes and revenues.
🏁
Competitive Pressure Intensifying competition in electronic trading may erode market share and profit margins.
🔍
Regulatory Compliance Changes in financial regulations may impose additional compliance costs and operational burdens.
💻
Technological Disruptions Emerging technologies and cyber threats could undermine platform security and reliability.

Meeting Expectations

9 /10

Higher values indicate better execution and credibility

Recent Results

Beat earnings 2025-02-06
Beat earnings 2024-11-06
Beat earnings 2024-08-06
Beat earnings 2024-05-07
Beat earnings 2024-01-31
Missed earnings 2023-10-25
Beat earnings 2023-07-20
Beat earnings 2023-04-26
Beat earnings 2023-01-25
Beat earnings 2022-10-19

Takeaways

MarketAxess possesses a strong business model with a unique electronic trading platform that enhances liquidity in fixed-income markets. Its competitive advantages, solid financial health, and effective management position it well for growth, though it faces risks from market volatility and competition.

Historical data shows an impressive CAGR compared with the USA stock market average, reflecting a strong market position.

Yearly Return 10Y annualized return is average at 10.0% per year
Earnings Expectations MKTX has met or exceeded earnings expectations in most recent quarters (9/10)

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