MarketAxess Holdings Inc. (OQ:MKTX)

Business Focus: Financial & Commodity Market Operators

Sector:  Financials Industry:  Financial & Commodity Market Operators
See Regulatory Filings on SEC
Company Contact
Address: 55 Hudson Yards Fl 15
NEW YORK NY 10001-2163
Tel: 1-212-8136027
IR: See website
Key People
Richard M. McVey
Chairman of the Board, Chief Executive Officer
Christopher R. Concannon
President, Chief Operating Officer, Director
Antonio L. DeLise
Chief Financial Officer
Nicholas Themelis
Chief Information Officer
Scott Pintoff
General Counsel, Secretary
Kevin M. McPherson
Global Head - Sales
Christophe Pierre Daniel Roupie
Head of Europe and Asia
Business Overview
MarketAxess Holdings Inc. operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities. Through Open Trading protocols, it executes trades in certain bonds between and among institutional investor and broker-dealer clients in a trading environment on a matched principal basis. It offers trading-related products and services, including market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments, and execution services for exchange-traded fund managers.
Financial Overview
For the three months ended 31 March 2020, MarketAxess Holdings Inc. revenues increased 36% to $169M. Net income increased 42% to $74.8M. Revenues reflect United States segment increase of 37% to $141.6M, OTher segment increase from $609K to $4.9M. Net income benefited from Professional and consulting fees decrease of 3% to $5.7M (expense), Occupancy - Balancing value decrease of 89% to $9K (expense).
Employees: 527 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $19,257M as of Mar 31, 2020
Annual revenue (TTM): $555.84M as of Mar 31, 2020
EBITDA (TTM): $460.32M as of Mar 31, 2020
Net annual income (TTM): $227.20M as of Mar 31, 2020
Free cash flow (TTM): $224.94M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 37,910,214 as of Apr 28, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization