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Upturn AI SWOT - About
MKTX 
MarketAxess Holdings Inc (MKTX)
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Upturn Advisory Summary
02/27/2025: MKTX (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
AI Based Fundamental Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Analysis of Past Performance
Type Stock | Historic Profit 62.61% | Avg. Invested days 74 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 02/27/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.95B USD | Price to earnings Ratio 28.96 | 1Y Target Price 234.33 |
Price to earnings Ratio 28.96 | 1Y Target Price 234.33 | ||
Volume (30-day avg) 612498 | Beta 1.05 | 52 Weeks Range 186.84 - 294.70 | Updated Date 04/3/2025 |
52 Weeks Range 186.84 - 294.70 | Updated Date 04/3/2025 | ||
Dividends yield (FY) 1.41% | Basic EPS (TTM) 7.28 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 33.56% | Operating Margin (TTM) 39.51% |
Management Effectiveness
Return on Assets (TTM) 11.2% | Return on Equity (TTM) 20.45% |
Valuation
Trailing PE 28.96 | Forward PE 27.93 | Enterprise Value 7370260572 | Price to Sales(TTM) 9.73 |
Enterprise Value 7370260572 | Price to Sales(TTM) 9.73 | ||
Enterprise Value to Revenue 9.02 | Enterprise Value to EBITDA 16.65 | Shares Outstanding 37693200 | Shares Floating 36966872 |
Shares Outstanding 37693200 | Shares Floating 36966872 | ||
Percent Insiders 2.23 | Percent Institutions 102.54 |
Analyst Ratings
Rating 3.47 | Target Price 268.08 | Buy - | Strong Buy 4 |
Buy - | Strong Buy 4 | ||
Hold 10 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MarketAxess Holdings Inc
Company Overview
History and Background
MarketAxess Holdings Inc. was founded in 2000 as an electronic trading platform for fixed-income securities. It revolutionized the way fixed-income instruments are traded, offering greater transparency and efficiency. Over time, it expanded its product offerings and geographic reach.
Core Business Areas
- Trading: Operates a leading electronic trading platform for fixed-income securities, connecting dealers and institutional investors.
- Information Services: Provides market data and analytics to support trading decisions.
- Post-Trade Services: Offers post-trade processing and reporting services.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other senior executives. The organizational structure is designed to support its trading, technology, and client service functions.
Top Products and Market Share
Key Offerings
- U.S. High-Grade Bonds: MarketAxess's primary product is its U.S. High-Grade Bonds trading platform, enabling institutional investors and dealers to trade corporate bonds electronically. MarketAxess has significant market share in this segment. Competitors include Tradeweb Markets Inc. and Bloomberg.
- Eurobonds: Offers trading in Eurobonds, expanding its fixed-income coverage globally. Market share varies by region but remains a key growth area. Key competitors include Tradeweb and Bloomberg.
- Emerging Markets Bonds: Provides a platform for trading bonds from emerging market countries, catering to investors seeking higher yields. Key competitors include Tradeweb and Bloomberg.
- Municipal Bonds: MarketAxess offers a platform for municipal bonds, expanding into a key bond sector and competing with Tradeweb.
Market Dynamics
Industry Overview
The fixed-income trading industry is undergoing digital transformation, with increasing adoption of electronic trading platforms. Regulatory changes and market volatility are driving demand for greater transparency and efficiency.
Positioning
MarketAxess is a leading electronic trading platform in the fixed-income market, known for its innovative technology and strong relationships with dealers and institutional investors. Its competitive advantages include a diverse product offering, a global network, and a robust technology infrastructure.
Total Addressable Market (TAM)
The estimated TAM for electronic fixed-income trading is in the billions of dollars annually. MarketAxess is well-positioned to capture a significant share of this market due to its established platform and growing network.
Upturn SWOT Analysis
Strengths
- Leading electronic trading platform
- Strong relationships with dealers and institutional investors
- Diverse product offering
- Robust technology infrastructure
- Strong brand reputation
Weaknesses
- Dependence on fixed-income market conditions
- Competition from other electronic trading platforms
- Regulatory risk
- Technological disruption
Opportunities
- Expansion into new fixed-income products
- Geographic expansion
- Strategic acquisitions
- Partnerships with other financial institutions
- Increased adoption of electronic trading
Threats
- Increased competition
- Regulatory changes
- Market volatility
- Cybersecurity risks
- Economic downturn
Competitors and Market Share
Key Competitors
- TW
- BBG
Competitive Landscape
MarketAxess benefits from its early mover advantage and strong dealer relationships. Competitors offer comparable services, intensifying the competition. Innovation and expansion into new products are crucial for maintaining market leadership.
Major Acquisitions
LiquidityEdge
- Year: 2019
- Acquisition Price (USD millions): 150
- Strategic Rationale: Acquisition of LiquidityEdge expanded MarketAxess's reach in the U.S. Treasury market, enhancing its trading capabilities.
Growth Trajectory and Initiatives
Historical Growth: MarketAxess has demonstrated strong historical growth, driven by the increasing adoption of electronic trading in the fixed-income market.
Future Projections: Future growth is expected to be driven by continued adoption of electronic trading, expansion into new products and markets, and strategic acquisitions. Analyst estimates suggest continued revenue growth and profitability.
Recent Initiatives: Recent strategic initiatives include acquisitions, partnerships, and investments in technology to expand its product offering and geographic reach.
Summary
MarketAxess is a strong player in the electronic fixed-income trading market, benefiting from its established platform and dealer relationships. Its growth is driven by increased adoption of electronic trading and strategic acquisitions. However, competition from other platforms and regulatory changes pose potential challenges. MarketAxess must continue innovating and expanding its product offerings to maintain its leading position.
Similar Companies
CME
CME Group Inc
CME
CME Group Inc
ICE
Intercontinental Exchange Inc
ICE
Intercontinental Exchange Inc
TW
Tradeweb Markets Inc
TW
Tradeweb Markets Inc
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MarketAxess Holdings Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2004-11-05 | CEO & Director Mr. Christopher Robert Concannon J.D. | ||
Sector Financial Services | Industry Capital Markets | Full time employees 891 | Website https://www.marketaxess.com |
Full time employees 891 | Website https://www.marketaxess.com | ||
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides automated and algorithmic trading solutions, such as X-Pro, a trading platform to combine trading protocols with its proprietary data and pre-trade analytics; and provides integrated and actionable data offerings, including CP+ and Axess All, a real-time pricing engine, including Auto-X and portfolio trading. In addition, the company offers various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.
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