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: 1-212-8136017
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
Oliver Huggins
Global Chief Risk Officer
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 fiscal year ended 31 December 2019, MarketAxess Holdings Inc. revenues increased 17% to $511.4M. Net income before extraordinary items increased 19% to $204.9M. Revenues reflect United States segment increase of 16% to $424.7M, United Kingdom segment increase of 27% to $84.1M. Net income benefited from Investment Income increase of 32% to $8.1M (income), Marketing and advertising decrease of 5% to $11.6M (expense).
Employees: 527 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $12,993M as of Dec 31, 2019
Annual revenue (TTM): $511.35M as of Dec 31, 2019
EBITDA (TTM): $279.03M as of Dec 31, 2019
Net annual income (TTM): $204.90M as of Dec 31, 2019
Free cash flow (TTM): $155.00M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 37,921,561 as of Feb 12, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization