MKTX / MarketAxess: Still Not Cheap Enough Given Industry Slowdown (Upgrade To Hold)

MarketAxess Holdings, Inc. (NASDAQ:MKTX ) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Stephen Davidson - Head o more_horizontal

MarketAxess (MKTX) anticipates expenses between $432 million and $438 million for this year, the mid-point of which indicates an 11.1% increase from t more_horizontal

MarketAxess (MKTX) came out with quarterly earnings of $1.46 per share, missing the Zacks Consensus Estimate of $1.49 per share. This compares to earn more_horizontal

MarketAxess' (MKTX) Q3 results are expected to suffer from increased expenses and reduced trading volume in the rates product line, partly offset by s more_horizontal

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, more_horizontal

MarketAxess (MKTX) enhances its emerging market trading product by launching Open Trading for local currency bonds. more_horizontal

Higher commissions, new data contract revenue, growing international business and improved liquidity poise MarketAxess (MKTX) well for growth. more_horizontal

MarketAxess' (MKTX) Adaptive Auto-X solution adds further strength to its suite of automated trading solutions. more_horizontal