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MKTX reports strong growth in U.S. high-grade, emerging markets and eurobonds ADV in the third quarter.
MarketAxess (MKTX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
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 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.
MKTX expands its partnership with BlackRock to improve the trading experience for clients.
MarketAxess (MKTX) reported earnings 30 days ago. What's next for the stock?
NEW YORK--(BUSINESS WIRE)--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 wi.
MarketAxess (MKTX) remains well-poised for growth on the back of expanding commissions, product launches and sound cash reserves.
MarketAxess is a global electronic credit trading platform offering trading efficiency, diverse liquidity, and cost savings to institutional investors and broker-dealers. MKTX's revenue growth has slowed due to a decline in commissions revenue growth, but non-commission revenue has remained strong. MKTX's expenses have grown despite revenue headwinds, leading to margin compression and a decrease in operating margin.
MarketAxess' (MKTX) second-quarter earnings benefit from improved commissions. However, rising expenses and lesser trading activity of U.S. high-yield partially offset the positives.
While the top- and bottom-line numbers for MarketAxess (MKTX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.