165.67
+0.05%
Close of 9 Nov 2026, in USD
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About Marketaxess Holdings
From its filings with the US Securities and Exchange Commission
Marketaxess Holdings is based in New York, New York. Its shares trade on Nasdaq under the ticker MKTX. The SEC classifies its business as security brokers, dealers & flotation companies. In the fiscal year to 31 December 2025, it reported revenue of $846.3m and net income of $246.6m. At that date it held total assets of $1.93bn and shareholders' equity of $1.15bn. By business, Commission revenue. brought in 86.8% of revenue, followed by Information services. at 6.3% and Post-trade services. at 5.3%. By region, UNITED STATES accounted for 67.2%, followed by UNITED KINGDOM at 20.9% and Other [Member] at 11.9%.
MarketAxess Holdings Inc. (the “Company” or “MarketAxess”) operates leading electronic trading platforms delivering greater trading efficiency, a diversified pool of liquidity and significant cost savings to approximately 2,100 institutional investor and broker-dealer clients across the global fixed-income and other markets. We have built a differentiated market position through our integrated approach to electronic trading, combining diverse trading protocols, automated and algorithmic execution solutions, intelligent data products and analytics and comprehensive post-trade and technology services. The fixed-income markets we focus on remain significantly less electronified than other asset classes, creating significant opportunities for continued growth.
We believe our scale, network effects, and product innovation uniquely position us to capture increased trading volumes as the market continues its transition from voice to electronic trading. At the center of our offerings is Open Trading®, our award winning all-to-all marketplace, which creates a unique, anonymous liquidity pool that connects market participants across a broad range of fixed-income products. By expanding the number of potential trading counterparties, we believe that Open Trading facilitates price discovery, improves execution quality, and reduces transaction costs for market participants. Institutional investors can also send trading inquiries directly to broker-dealer counterparties on a disclosed basis, while simultaneously accessing the rest of the market on an anonymous basis through Open Trading.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 5 Nov 2004
- Employees
- 868
- Website
- marketaxess.com ↗
- Head office
- 55 HUDSON YARDS, 15TH FLOOR, NEW YORK, NY, 10001
- Classification
- Security Brokers, Dealers & Flotation Companies
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Carlos HernandezNon-Executive Independent Chairman of the Board$259,833
- Mr. Christopher ConcannonChief Executive Officer, Director, since 2019$5.8m
- Ms. Ilene Fiszel BielerChief Financial Officer$1.8m
- Mr. Nitin MirwaniChief Accounting Officer
- Mr. Naineshkumar PanchalChief Information Officer$2.6m
- Mr. Scott PintoffGeneral Counsel, Corporate Secretary
- Mr. Kevin McphersonChief Revenue Officer$2.9m
- Mr. Christophe RoupieHead of EMEA and APAC$1.9m
- Ms. Nancy AltobelloLead Independent Director$307,367
- Mr. Steven BegleiterIndependent Director$258,404
- Mr. Stephen CasperIndependent Director$273,404
- Ms. Jane ChwickIndependent Director$273,404
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 66
- Environment
- 37
- Social
- 99
- Governance
- 63
- Direct emissions (scope 1)
- 177 t
- Energy emissions (scope 2)
- 631 t
- Value chain emissions (scope 3)
- 15,057 t
- Women in the workforce
- 28.4%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Leading Market Position
- Marketaxess Holdings Inc holds a dominant position in the electronic fixed-income trading market, providing a platform for institutional investors to trade efficiently. Its established presence in the industry and large user base give it a competitive edge.
- Strong Financial Performance
- The company has consistently delivered strong financial results, demonstrating its ability to generate substantial revenue and profits. This financial stability provides Marketaxess with resources to invest in technology innovation and expand its market reach.
Weaknesses
- Dependency on Interest Rates
- Marketaxess is vulnerable to fluctuations in interest rates, as changes in rates can impact trading volumes and market activity. A significant decline in interest rates could potentially affect the company's revenue and profitability.
- Reliance on Institutional Investors
- The company heavily relies on institutional investors for its trading volume. Any reduction in institutional trading activity or loss of key clients could have a negative impact on Marketaxess' business performance.
Opportunities
- Expansion into International Markets
- There is a potential for Marketaxess to expand its electronic trading platform into new geographic markets. By diversifying geographically, the company can tap into additional liquidity pools, attract new customers, and increase its market share.
- Growing Demand for Electronic Trading
- The increasing trend towards electronic trading in fixed-income markets presents an opportunity for Marketaxess to further penetrate the market. The company can leverage its technological expertise to capture a larger market share and attract more traders to its platform.
Threats
- Intense Competition
- The electronic fixed-income trading industry is highly competitive, with numerous established players and emerging fintech firms entering the market. Marketaxess must continuously innovate and differentiate itself to stay ahead of competitors.
- Regulatory Changes
- Changes in financial regulations and compliance requirements can pose a threat to Marketaxess' business operations. Adapting to new regulations and ensuring compliance may result in additional costs and operational challenges.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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