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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
25% more repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 159
20% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 75
4.41% more ownership
Funds ownership: 95.41% [Q3] → 99.81% (+4.41%) [Q4]
2% more funds holding
Funds holding: 500 [Q3] → 508 (+8) [Q4]
8% less capital invested
Capital invested by funds: $9.28B [Q3] → $8.5B (-$777M) [Q4]
10% less call options, than puts
Call options by funds: $28.7M | Put options by funds: $31.9M
50% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 2 (-2) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Piper Sandler Patrick Moley 70% 1-year accuracy 31 / 44 met price target | 4%downside $213 | Neutral Maintained | 8 Apr 2025 |
UBS Alex Kramm 61% 1-year accuracy 11 / 18 met price target | 32%upside $295 | Buy Maintained | 7 Apr 2025 |
Barclays Benjamin Budish 62% 1-year accuracy 82 / 133 met price target | 4%upside $232 | Equal-Weight Maintained | 7 Apr 2025 |
B of A Securities Eli Abboud 25% 1-year accuracy 1 / 4 met price target | 14%downside $191 | Underperform Maintained | 2 Apr 2025 |
Goldman Sachs Alexander Blostein 54% 1-year accuracy 25 / 46 met price target | 6%downside $210 | Neutral Maintained | 10 Feb 2025 |
Financial journalist opinion
Based on 6 articles about MKTX published over the past 30 days









