MarketAxess HoldingsMKTX
About: Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
Employees: 891
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
113% more call options, than puts
Call options by funds: $40.6M | Put options by funds: $19.1M
100% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 4 (+2) [Q1 2025]
16% more repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 172
5% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 76
2% less funds holding
Funds holding: 509 [Q4 2024] → 498 (-11) [Q1 2025]
2.87% less ownership
Funds ownership: 99.84% [Q4 2024] → 96.98% (-2.87%) [Q1 2025]
7% less capital invested
Capital invested by funds: $8.51B [Q4 2024] → $7.91B (-$601M) [Q1 2025]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Citigroup Christopher Allen | 19%upside $265 | Buy Maintained | 8 May 2025 |
Barclays Benjamin Budish | 8%upside $240 | Equal-Weight Maintained | 8 May 2025 |
Piper Sandler Patrick Moley | 9%downside $202 | Neutral Maintained | 8 May 2025 |
Keefe, Bruyette & Woods Kyle Voigt | 1%upside $226 | Market Perform Maintained | 8 May 2025 |
Morgan Stanley Michael Cyprys | 27%upside $283 | Overweight Maintained | 8 May 2025 |
Financial journalist opinion
Based on 14 articles about MKTX published over the past 30 days









