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Business Wire (Tue, 16-Apr 4:30 PM ET)
MarketAxess Announces Monthly Volume Statistics for March and First Quarter 2024
Business Wire (Wed, 3-Apr 6:33 AM ET)
MarketAxess Announces Monthly Volume Statistics for February 2024
Business Wire (Tue, 5-Mar 6:38 AM ET)
MarketAxess to Participate in the Raymond James 2024 Institutional Investors Conference
Business Wire (Mon, 26-Feb 4:30 PM ET)
MarketAxess Appoints Ilene Fiszel Bieler as Chief Financial Officer
Business Wire (Mon, 26-Feb 8:00 AM ET)
MarketAxess to Participate in the UBS Financial Services Conference
Business Wire (Tue, 20-Feb 4:30 PM ET)
MarketAxess Announces Monthly Volume Statistics for January 2024
Business Wire (Mon, 5-Feb 6:34 AM ET)
MarketAxess Reports Fourth Quarter and Full Year 2023 Results
Business Wire (Wed, 31-Jan 6:30 AM ET)
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being U.S. investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
Marketaxess Holdings trades on the NASDAQ stock market under the symbol MKTX.
As of April 19, 2024, MKTX stock price climbed to $205.28 with 163,542 million shares trading.
MKTX has a beta of 1.19, meaning it tends to be more sensitive to market movements. MKTX has a correlation of 0.14 to the broad based SPY ETF.
MKTX has a market cap of $7.78 billion. This is considered a Mid Cap stock.
Last quarter Marketaxess Holdings reported $197 million in Revenue and $1.84 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.11.
In the last 3 years, MKTX stock traded as high as $540.46 and as low as $199.34.
The top ETF exchange traded funds that MKTX belongs to (by Net Assets): MOAT, VTI, VB, VOO, VBK.
MKTX has underperformed the market in the last year with a price return of -38.2% while the SPY ETF gained +21.1%. MKTX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.2% and -8.7%, respectively, while the SPY returned +4.2% and -3.5%, respectively.
MKTX support price is $199.23 and resistance is $207.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MKTX stock will trade within this expected range on the day.