MarketAxess Holdings Inc.

Electronic trading platform for institutional bond and fixed-income trading

What MarketAxess does

MarketAxess runs an online marketplace where big investors, like fund managers, and bond dealers buy and sell bonds electronically. It covers corporate, government, municipal and emerging-market bonds, and it also lets many participants trade anonymously with each other. It sells data, analytics and services that help clients price and process their trades.

How MarketAxess makes money

It earns money mainly from fees on bond trades executed on its platforms. It also charges for market data, pricing and analytics products, and for pre- and post-trade services such as trade matching and regulatory reporting.

Products & services

• Open Trading (all-to-all anonymous trading)
• X-Pro trading platform
• CP+ and Axess All data
• Auto-X automated trading
• Portfolio trading
• Post-trade and regulatory reporting services