MarketAxess Holdings Inc. (MKTX) recently announced an expansion of its 10-year-long partnership with BlackRock. Under this expanded partnership, MKTX's credit trading protocols, data and pricing will be integrated into BlackRock's Aladdin order execution management system (OEMS). The partnership between MKTX and BlackRock in MarketAxess analytics and Open trading dates back to 2013. The expansion of this partnership bodes well for MKTX as it enhances existing offerings for common clients of both companies. ...

sommart/iStock via Getty Images Reiterating Hold Rating Given Continuation of Market Share Trends As outlined in my initiation post on MarketAxess Holdings Inc. (NASDAQ:MKTX), 'MarketAxess: Electronic Credit Platform With Industry Tailwinds, Valuation Seems Fair', MarketAxess is a dominant player in the global electronic credit trading space. The company has benefitted and should continue to benefit, from the structural shift in global credit markets from primarily a dealer to client market operated via tel ...

MarketAxess (MKTX) shares rallied 6.7% in the last trading session to close at $258.02. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.5% gain over the past four weeks. This marks the second consecutive day of MarketAxess' price increases. Increased optimism over growing trading volume is driving the company's stock price higher. Yesterday, it reported robust trading volume growth for August, with strong c ...

It has been about a month since the last earnings report for MarketAxess (MKTX) . Shares have added about 5.5% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is MarketAxess due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. MarketAxess Q2 Earnings Beat on Higher Commi ...

MarketAxess Holdings Inc. (MKTX) is benefiting from increased trading volumes, a robust Open Trading platform, acquisitions and partnerships, as well as solid cash-generating abilities. Zacks Rank & Price Performance MarketAxess carries a Zacks Rank #3 (Hold) at present. The stock has gained 8.1% in the past six months, in line with the industry. Image Source: Zacks Investment Research Robust Growth Prospects The Zacks Consensus Estimate for MarketAxess' 2024 earnings is pegged at $7.06 per share, which ind ...

meshaphoto MarketAxess: Global Credit Trading Platform, But Valuation Appears Fair Given Recent Market Share Trends MarketAxess (NASDAQ:MKTX) operates a global credit trading platform and also offers rates trading, data and post-trade solutions to its clients. MKTX has benefited from the electronification of global credit markets. However, in recent years, its market share growth has come under pressure. The company continues to be at the center of this cyclical shift in the markets but given the recent sha ...

※ Market Axess® 2Q24 Earnings Conference Call August 6, 2024 ※ Market Axess® Strategic Update ❖Chris Concannon, CEO 2 2Q24 Highlights1 • 10% growth in revenue2 • 8% growth in commission revenue2 Financial Performance – 22% growth in emerging markets and 11% growth in Eurobonds • 22% growth in services revenue2,3 • $1.72 in diluted earnings per share • $298 million in TTM free cash flow4 generation • Strong international growth with 17% increase in emerging markets and Eurobonds ADV • Record portfolio tradin ...

MarketAxess Holdings Inc. (NASDAQ:MKTX) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Steve Davidson - Head-Investor Relations Chris Concannon - Chief Executive Officer Rich Schiffman - Global Head-Trading Solutions Ilene Fiszel Bieler - Chief Financial Officer Conference Call Participants Chris Allen - Citigroup Patrick Moley - Piper Sandler Dan Fannon - Jefferies Kyle Voigt - KBW Alex Blostein - Goldman Sachs Benjamin Budish - Barclays Jeff Schmitt - William Blair Brian ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34091 | --- | --- | |------------------------------------------------------------------------------------------------------------ ...

MarketAxess Holdings Inc. (MKTX) reported second-quarter 2024 earnings per share of $1.72, which surpassed the Zacks Consensus Estimate by 1.8%. The bottom line grew 5.5% year over year. Total revenues of $197.7 million rose 10% year over year. The top line fell short of the consensus mark of $198 million. The better-than-expected quarterly results were driven by a solid improvement in U.S. high-grade commission revenues. Geographic expansion and product diversification drove the average daily volume (ADV) ...