MarketAxess HoldingsNASDAQ: MKTX

MarketAxess' (MKTX) total portfolio trading volume surges 142.8% year over year in the second quarter to $55 billion.

It released monthly and quarterly trading statistics. These revealed double-digit rises in numerous key activities.

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.

MarketAxess' robust liquidity not only protects its financial position but also enables quick capital allocation.

In addition to Wall Street's financial forecasts for MarketAxess (MKTX), examine predictions for important metrics to better assess the company's performance in the first quarter of 2024.