MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides automated and algorithmic trading solutions, such as X-Pro, a trading platform to combine trading protocols with its proprietary data and pre-trade analytics; and integrated and actionable data offerings, including CP+ and Axess All, a real-time pricing engine, including Auto-X and portfolio trading. In addition, the company offers various pre-and post-trade services, such as processing, trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $225 to $289, reflecting diverse views on MarketAxess's growth potential |
Strategic Innovation | Learn about MarketAxess's new products in Price Transparency and block trades, aimed at recapturing market share and enhancing platform capabilities |
Financial Resilience | Delve into MarketAxess's strong Q4 performance, with EPS of $7.28 and a 62.35% gross profit margin, showcasing financial stability |
Market Share Battle | Explore MarketAxess's struggle to maintain its position in US credit markets, particularly in electronifying block trades, amid fierce competition |
Metrics to compare | MKTX | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipMKTXPeersSector | |
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P/E Ratio | 30.9x | 25.5x | 8.5x | |
PEG Ratio | 4.91 | 0.33 | 0.03 | |
Price / Book | 6.1x | 3.5x | 1.0x | |
Price / LTM Sales | 10.4x | 5.6x | 2.6x | |
Upside (Analyst Target) | 2.1% | 21.9% | 22.5% | |
Fair Value Upside | Unlock | 8.2% | 4.1% | Unlock |