MarketAxess Holdings Inc (MKTX) has experienced a period of underperformance, but there are strong indicators for a potential trend reversal. Several firms, including Holocene Advisors, Walleye Capital, and Point72 DIFC, have altered their stock positions in MarketAxess, while Edgestream Partners and Point72 Asset Management made new investments. The company has reported high daily trading volumes and strong revenue growth in Q3 2024. Despite a market share dip, it achieved a record $46.2 billion daily trading volume, a 40% YoY increase. The firm's AI-powered pricing engine now covers 930,000 municipal bonds, representing a significant technological advancement. Although concerns over market share loss impacted the stock adversely, many view the dip as a buying opportunity. However, the fact that MarketAxess Founder Rick McVey is set to retire could be a cause for concern. A collaboration with S&P Global Market Intelligence and BlackRock has been announced aiming for enhanced connectivity in global credit markets. Yet, shares sold by insiders, including Richard M. McVey and Verition Fund Management, can't be ignored. Lastly, it's notable that MKTX is about to pay a US$0.74 dividend.
Marketaxess Holdings MKTX News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 07 Dec 2024 13:46:42 GMT -
Rating -2
- Innovation 8
- Information 6
- Rumor -4
