Case 83 MarketAxess
B. Rajesh Kumar
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B. Rajesh Kumar: Institute of Management Technology
A chapter in Rising Stars, 2024, pp 599-607 from Springer
Abstract:
Abstract MarketAxess, the innovative leader in electronic trading was founded in the year 2000. The company is involved in connecting a robust network of market participants through the full trading lifecycle which includes automated trading solutions, intelligent data products and a wide variety of post trade services. MarketAxess Holdings Inc. operates leading electronic trading platforms. The patented trading technology of MarketAxess is used by over 2000 institutional investor and broker dealer firms to trade US high yield bonds, emerging market debt, Eurobonds, municipal bonds, US government bonds and other fixed income securities. The company offers a diverse set of trading protocols which includes request-for-quote, live order books, session-based trading and portfolio trading solutions. MarketAxess offer all-to-all trading (“Open Trading”) and automated trading solutions for majority of its products. The cumulative total monthly return for the MarketAxess stock was 73% compared to the cumulative total monthly return of 61% for the market index Nasdaq Composite during the 5-year period June 2018–May 2023. The average book value of equity as percent of market value of equity was 5.9% during the period 2018–2022.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-031-50032-9_83
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DOI: 10.1007/978-3-031-50032-9_83
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