About the Company
Headquartered in New York City, MarketAxess Holdings Inc. is a financial technology company that operates an electronic trading platform. The company is popularly known as MarketAxess and has an employee base of more than 500 employees working under it, as of January 2021. Other than New York, it also has operations in London. It has a clientele of over 1,800 dealers and individuals worldwide. Some of these locations are London, Sao Paolo, Amsterdam, Singapore, and Hong Kong.
It provides essential information and other solutions related to the stock price, trading and post-trade matters. Its services are related to 10 types of financial markets and products such as Green Bond Trading, Emerging Market, Eurobonds, Municipal Bonds, US Agency Securities, and Credit Default Swaps, among others. Some of its offered products and services are BondTicker, Transaction Cost Analysis, TRAX Market Data Solutions, Auto-X, and many more.
The company’s origin story began in 1999 when Rick McVey introduced the model of the world’s first web-based, a multi-dealer platform for credit marketing named MarketAxess. In 2000 it was officially launched as an independent venture, and by 2001 it started to acquire other enterprises. Its first acquisition was TradingEdge in 2001, following which it took over companies like TRAX, LiquidityEdge, MuniBrokers, Regulatory Reporting Hub, Trax NL BV, etc.
On 1st July 2019, it entered the Standard and Poor’s 500 Index. Near the end of that year, shareholders reaped approximately 2,600% returns from MarketAxess shares, surpassing all its peers in the S&P 500 list in the decade 2010. It started to trade in the NASDAQ stock exchange at $11 per share under MKTX stocks as its trading symbol. It was recognised in the Forbes’ Global 2000 list in the year 2020.
In 2020, WaterTechnology awarded it three awards, namely Best Trading Network (Asia), Best Sell-Side Trading Network, and Best Artificial Intelligence Technology Provides for Composite+. Over the years it has won several prestigious titles and awards like US patents in 2009, the title of Trading Venue of the Year in 2011, and OTC Trading Platform of the Year in 2014.;
Organisation | MarketAxess Holdings Inc |
Industry | Capital Markets |
HeadQuarters | New York, NY |