MKTX Stock Recent News

MarketAxess (MKTX) executes the first-ever portfolio trade for tax-exempt municipal bonds.

NEW YORK--(BUSINESS WIRE)--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 improvemen.

NEW YORK--(BUSINESS WIRE)--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 reco.

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that it will be participating in the following upcoming investor conferences: Richard Schiffman, Global Head of Trading Solutions, will participate in a fireside chat at the Piper Sandler Global Exchange & Trading Conference at 10:00 a.m. ET on June 5, 2024. Chris Concannon, Chief Executive Officer, will participate in a fire.

MarketAxess is a rare pure-play on bond market trading. The company has made several accretive acquisitions, most recently related to algorithmic trading, and has seen a much-needed leadership change. An increasing client base and my expectations for increased market volatility and credit spreads could drive an acceleration in results.

NEW YORK--(BUSINESS WIRE)--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,.

MarketAxess Holdings, Inc. (NASDAQ:MKTX ) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Stephen Davidson - Head of Investor Relations Christopher Concannon - Chief Executive Officer and Interim Chief Financial Officer Richard Schiffman - Global Head of Trading Solutions Conference Call Participants Christopher Allen - Citi Alex Kramm - UBS Patrick Moley - Piper Sandler Kyle Voigt - KBW Daniel Fannon - Jefferies Jeff Schmitt - William Blair Brian Bedell - Deutsche Bank Michael Cyprys - Morgan Stanley Alexander Blostein - Goldman Sachs Benjamin Budish - Barclays Eli Abboud - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome to the MarketAxess First Quarter 2024 Earnings Conference Call.

MarketAxess' (MKTX) Q1 results benefit from improved trading volumes in the emerging markets. It expects 2024 operating expenses to stay at the lower end of the guidance of $480-$500 million.

The headline numbers for MarketAxess (MKTX) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MarketAxess (MKTX) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.96 per share a year ago.