MarketAxess HoldingsNASDAQ: MKTX

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 October 2024.1 Chris Concannon, CEO of MarketAxess, commented: “We delivered the second straight month of record total trading ADV in October, driven by continued robust market volumes and strength in our international businesses. Our rates business.

MKTX's earnings for the third quarter probably improved due to higher trading volumes and more use of its range of products.

MarketAxess is a leader in fixed income trading, providing a variety of liquidity and cost-saving options, with 86.9% of its revenue coming from commissions on its primary trading platforms. Although the company has solid financials, including a 32.8% net margin and no debt, its stock is currently trading 52% below its highest point ever. MKTX appears undervalued compared to its history and peers, with a P/E ratio of 41.5, but its earnings growth rates do not align with the market valuation, resulting in a PEG ratio over 3.

MarketAxess (MKTX) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

MarketAxess Holdings Inc. (Nasdaq: MKTX), which runs a top electronic trading platform for fixed-income securities, will release its financial results for the third quarter of 2024 on Wednesday, November 6, 2024, before the market opens. The conference call will be led by CEO Chris Concannon, Global Head of Trading Solutions Richard Schiffman, and CFO Ilene Fiszel Bieler, who will share a strategic update and discuss the results.

MarketAxess Holdings Inc (MKTX, Financial) has recently attracted interest from both investors and financial analysts due to its impressive financial results and potential for growth. The current share price stands at $274.39, with a slight daily increase of 0.27% and a notable rise of 34.68% over the past three months, indicating a strong market position.

MKTX has shown significant growth in the trading of U.S. high-grade bonds, emerging markets, and eurobonds during the third quarter.

MarketAxess Holdings Inc (MKTX, Financial) has recently attracted interest from investors and financial experts due to its impressive financial results and potential for growth. Although the stock experienced a small daily decline of 0.71%, it has increased by 35.88% in the last three months and is now valued at $272.

MKTX is in a strong position for growth due to rising commission earnings, which are supported by higher trading volumes and important partnerships, such as its expanded work with BlackRock.