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MKTX Unveils Axess IQ Connect to Modernize Fixed-Income Trading
ZACKSยท 2025-09-24 16:31
Core Insights - MarketAxess Holdings Inc. (MKTX) has launched Axess IQ Connect, a mobile-friendly solution aimed at private banks and wealth managers, providing real-time access to bond market insights [1][4] Product Features - Axess IQ Connect enhances the Axess IQ platform, allowing financial advisors to access crucial fixed-income data anytime and anywhere, simplifying workflows and providing transparent access to live market insights [2] - The platform includes features like interactive watchlists and optional order management tools, improving efficiency and enabling advisors to react swiftly to market changes [3] Market Impact - The introduction of Axess IQ Connect is a strategic move to strengthen relationships with private banks and wealth managers, transforming the engagement with bond markets through mobility and real-time transparency [4] - If widely adopted, this solution could increase liquidity on the platform and boost recurring revenue streams for MKTX, alongside high trading volumes [5] Financial Performance - In the first half of 2025, MKTX reported a 5% year-over-year growth in revenues and a 13% rise in total credit trading volume [5] - Over the past year, MKTX's shares have declined by 29.6%, contrasting with the industry's growth of 52.1% [6]