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MKTX on Nasdaq

MarketAxess

American financial services company

MarketAxess Holdings Inc., headquartered in New York City, operates electronic trading platforms used to trade bonds and other fixed income products. It has approximately 2,100 customers, all of which are either institutional investors (91.3% of 2025 volume) or broker-dealers (8.7% of 2025 volume). The company's platforms allow prospective traders to buy or sell specific bonds and to execute trades using a request for quote system.3 It was founded by Richard McVey.1 Its shares trade on Nasdaq under the symbol MKTX.1 Wikipedia text CC BY-SA 4.0

$164.66 up 0.16 (0.10%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

2000Founded1

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  • TickerMKTX on Nasdaq1
  • Industryfinancial services1
  • HeadquartersNew York City1
  • Websitewww.marketaxess.com
  • Legal formDelaware corporation1
  • Business address55 Hudson Yards, 15Th Floor, New York, Ny 100016
  • Filer categoryLarge accelerated filer6
  • LEI5493002U1CA1XJOVID834
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 31603764

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MarketAxess Holdings Inc., headquartered in New York City, operates electronic trading platforms used to trade bonds and other fixed income products. It has approximately 2,100 customers, all of which are either institutional investors (91.3% of 2025 volume) or broker-dealers (8.7% of 2025 volume).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

40.4%Operating margin9
29.1%Net margin9
3.6%Revenue growth, 20259
21.5%Return on equity9
$373.9MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Commission Revenue brought in 87% of the revenue MarketAxess broke down this way in fiscal 2025.

  1. Commission Revenue$734.6M987%up 3% from 2024
  2. Information Services$53.2M96%up 5% from 2024
  3. Post Trade Services$44.5M95%up 5% from 2024
  4. Technology Services$13.9M92%up 13% from 2024
Products and services by year
Products and services202320242025
Commission Revenue$663.0M$711.7M$734.6M
Information Services$46.4M$50.5M$53.2M
Post Trade Services$40.2M$42.5M$44.5M
Technology Services$3.0M$12.4M$13.9M

Regions

United States brought in 67% of the revenue MarketAxess broke down this way in fiscal 2025.

  1. United States$568.4M967%down 0% from 2024
  2. United Kingdom$177.3M921%up 10% from 2024
  3. Other$100.6M912%up 16% from 2024
Regions by year
Regions202320242025
United States$523.7M$568.6M$568.4M
United Kingdom$147.0M$161.8M$177.3M
Other$81.8M$86.7M$100.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs57¢$479.6M
  • Income tax14¢$120.1M
  • Profit29¢$246.6M

Out of $846.3M in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$8.2M
  • Share buybacks98¢$420.0M

Out of $382.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9

Financial statements

Revenue101112139$846.3M in 2025+65% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $511.4M$511.4M20192020: $689.1M$689.1M2020+35%2021: $699.0M$699.0M2021+1%2022: $718.3M$718.3M2022+3%2023: $752.5M$752.5M2023+5%2024: $817.1M$817.1M2024+9%2025: $846.3M$846.3M2025+4%
Operating income101112139$341.8M in 2025+36% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $250.9M$250.9M20192020: $374.7M$374.7M2020+49%2021: $337.2M$337.2M2021−10%2022: $326.9M$326.9M2022−3%2023: $315.0M$315.0M2023−4%2024: $340.9M$340.9M2024+8%2025: $341.8M$341.8M2025+0%
Net income101112139$246.6M in 2025+20% since 2019
0$100.0M$200.0M$300.0M2019: $204.9M$204.9M20192020: $299.4M$299.4M2020+46%2021: $257.9M$257.9M2021−14%2022: $250.2M$250.2M2022−3%2023: $258.1M$258.1M2023+3%2024: $274.2M$274.2M2024+6%2025: $246.6M$246.6M2025−10%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Revenues$846.3M$817.1M$752.5M
Employee compensation and benefits$248.5M$235.9M$206.9M
Depreciation and amortization$76.7M$73.8M$70.6M
Technology and communications$78.3M$72.2M$62.8M
Professional and consulting fees$31.5M$27.4M$31.9M
Occupancy$15.0M$14.7M$14.2M
Marketing and advertising$11.2M$11.7M$11.0M
Clearing costs$16.6M$17.9M$17.0M
General and administrative$26.6M$22.7M$23.0M
Total expenses$504.4M$476.2M$437.5M
Operating income$341.8M$340.9M$315.0M
Interest income$24.4M$26.0M$22.4M
Interest expense-$1.5M-$1.6M-$2.0M
Equity in earnings of unconsolidated affiliate$457.0K$1.4M$735.0K
Other, net$1.8M-$6.2M-$3.5M
Total other income (expense)$25.2M$19.7M$17.7M
Income before income taxes and equity in undistributed earnings of subsidiaries$367.0M$360.5M$332.7M
Provision for income taxes$120.1M$86.4M$74.6M
Net income$246.9M$274.2M$258.1M
Less: income attributable to redeemable noncontrolling interest-$285.0K$0$0
Net income$246.6M$274.2M$258.1M
Basic$6.66$7.29$6.87
Diluted$6.64$7.28$6.85
Cash dividends declared per common share$3.04$2.96$2.88
Basic37.1M shares37.6M shares37.5M shares
Diluted37.1M shares37.7M shares37.7M shares

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Corporate structure

MarketAxess sits at the top of its group. 27 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MarketAxess

  • MarketAxess New York, New York, United States
    • MARKETAXESS CANADA COMPANY Subsidiary · Halifax, Nova Scotia, Canada
    • MARKETAXESS CAPITAL LIMITED Subsidiary · London, United Kingdom
    • MarketAxess Colombia Corp. Subsidiary · Delaware, United States
    • MARKETAXESS CORPORATION Subsidiary · Wilmington, Delaware, United States
    • MARKETAXESS EUROPE LIMITED Subsidiary · London, United Kingdom
    • MarketAxess India Markets Private Limited Subsidiary · India
    • MarketAxess Information Consulting (Shanghai) Co., Ltd. Subsidiary · China
    • MarketAxess International Holdings, LLC Subsidiary · Delaware, United States
    • MARKETAXESS LIMITED Subsidiary · London, United Kingdom
      • MarketAxess NL B.V. Subsidiary · Amsterdam, Netherlands
    • MarketAxess NL B.V. Subsidiary · Netherlands
    • MarketAxess Plataforma De Negociacao Ltda. Subsidiary · Brazil
    • MarketAxess Post-Trade B.V. Subsidiary · Amsterdam, Netherlands
    • MARKETAXESS POST-TRADE LIMITED Subsidiary · London, United Kingdom
    • MARKETAXESS SEF CORPORATION Subsidiary · New York, New York, United States
    • MARKETAXESS SINGAPORE PTE. LIMITED Subsidiary · Singapore, Singapore
    • MarketAxess Technologies Inc. Subsidiary · Delaware, United States
    • PRAGMA FINANCIAL SYSTEMS LLC Subsidiary · New York, New York, United States
    • Pragma LLC Subsidiary · New York, New York, United States
    • RFQ-HUB AMERICAS LLC Subsidiary · Wilmington, Delaware, United States
    • RFQ-HUB ASIA-PACIFIC PRIVATE LIMITED Subsidiary · Singapore, Singapore
    • RFQ-HUB EUROPE B.V. Subsidiary · New York, New York, United States
    • RFQ-hub Holdings B.V. Subsidiary · Netherlands
    • RFQ-hub International Limited Subsidiary · Ireland
    • RFQ-hub Software Solutions (France) Subsidiary · France
    • Trax Limited Subsidiary · United Kingdom

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MarketAxess reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$459.2M9 Dec 31, 2025$403.6M9 Dec 31, 2024+13.8%
Accumulated depreciation$346.8M9 Dec 31, 2025$296.3M9 Dec 31, 2024+17.0%
Property and equipment, net$112.4M9 Dec 31, 2025$107.3M9 Dec 31, 2024+4.8%
Operating-lease assets (leased space)$51.9M9 Dec 31, 2025$58.1M9 Dec 31, 2024−10.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$519.7M9 Dec 31, 2025$544.5M9 Dec 31, 2024−4.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$283.7M9 Dec 31, 2025$236.7M9 Dec 31, 2024+19.8%
Intangible assets, net (excluding goodwill)$110.6M9 Dec 31, 2025$98.1M9 Dec 31, 2024+12.8%
Finite-lived intangibles, gross$214.2M9 Dec 31, 2025$179.2M9 Dec 31, 2024+19.5%
Accumulated amortization$103.6M9 Dec 31, 2025$81.1M9 Dec 31, 2024+27.7%
Finite-lived intangibles, net$110.6M9 Dec 31, 2025$98.1M9 Dec 31, 2024+12.8%

Properties, in its own words

Our corporate headquarters and principal U.S. office is located at 55 Hudson Yards in New York, New York, where we lease approximately 83,000 square feet under a lease expiring in August 2034. We also collectively lease approximately 50,000 square feet for our other office locations in jurisdictions including the U.S., United Kingdom, Brazil, the Netherlands, Hong Kong and Singapore.

Item 2 of the 10-K filed Feb 24, 2026.17

The story

Founded by Richard McVey in 2000.1

Richard McVey originally proposed the model for MarketAxess in 1999 as part of J.P. Morgan & Co.'s "Lab Morgan" program. He launched the company as an independent venture in 2000, with $24 million in capital raised from market participants including Bear Stearns. MarketAxess began trading investment-grade corporate bonds and gave investors access to new issues and research in November 2000.

In March 2001, MarketAxess acquired Trading Edge, which owned BondLink, a start-up bond company that had enabled investors to buy and sell bonds online.

In November 2004, the company became a public company via an initial public offering.

In June 2008, TCV acquired a minority stake in the company for $35 million.

In 2012, it launched its all-to-all trading marketplace, Open Trading.

In February 2013, MarketAxess acquired London-based Trax from Euroclear for $42 million.

In April 2013, MarketAxess announced a partnership to connects its electronic trading platform with BlackRock's Aladdin platform.

In January 2015, MarketAxess and BlackRock extended their Open Trading partnership, already in place in the US, to the European credit markets.

Read the full text

In March 2018, the company announced the extension of its all-to-all Open Trading partnership with BlackRock to Asia, focused mainly on US dollar-denominated corporate and sovereign bonds and other securities traded by market participants in the region.

By 2018, the company accounted for 18% of all U.S. investment-grade bond trading, up from 12% in 2014. Its market share peaked at 22.8% in December 2018, a period of market volatility. However, it began losing market share to TradeWeb.

In August 2019, the company began Treasury trading with the acquisition of the LiquidityEdge platform for $100 million in cash and $50 million in stock.

The company witnessed a surge in trading volumes and its stock price during the COVID-19 pandemic.

In December 2020, the company acquired the Regulatory Reporting Hub, a regulatory reporting business, from Deutsche Börse.

In April 2021, the company acqiured MuniBrokers, a central electronic venue serving municipal bond inter-dealer brokers and dealers.

In April 2022, MarketAxess and MSCI announced a collaboration on fixed income indices, portfolio construction products, and ESG data that would leverage MSCI's ESG data.

In September 2022, the company announced an extension of its partnership with Broadway Technologies for a request-for-quote workflow featuring in its US Treasury trading marketplace.

Effective April 2023, Chris Concannon was promoted to CEO of the company.

In October 2023, the company acquired Pragma, a quantitative trading technology provider specializing in algorithmic and analytical services.

In May 2025, the company acquired a 90% interest in the RFQ-hub platform, a bilateral multi-asset and multi-dealer request for quote platform.

In June 2025, the company launched an electronic trading platform to trade Indian government bonds.

On July 30, 2026 MarketAxess was acquired by Intercontinental Exchange for $5.7 billion.

From Wikipedia’s article on MarketAxess, shared under CC BY-SA 4.0.7

Leadership

Who has led MarketAxess, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Richard McVey2006–2023
  2. Christopher R. Concannon2023–2025
  3. Dean Berry2025–now

Chair

  1. Richard McVey2007–2024

President

  1. Richard McVey2006
  2. T. Kelley Millet2006–2011
  3. Sharon Brown-Hruska2011
  4. Christopher R. Concannon2019–2023

Chief financial officer

  1. James N. B. Rucker2006–2010
  2. Antonio L. Delise2010–2021
  3. Christopher N. Gerosa2021–2024
  4. Bieler Ilene Fiszel2024–now

Chief operating officer

  1. Thomas M. Thees2006
  2. Christopher R. Concannon2019–2023
  3. Dean Berry2025–now
20052010201520202025
Board members and other officers (38)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • MarketAxess Canada Company Nova Scotia, Canada8
  • MarketAxess Capital Limited United Kingdom8
  • MarketAxess Colombia Corp. Delaware8
  • MarketAxess Corporation Delaware8
  • MarketAxess Europe Limited United Kingdom8
  • MarketAxess India Markets Private Limited India8
  • MarketAxess Information Consulting (Shanghai) Co., Ltd. China8
  • MarketAxess International Holdings, LLC Delaware8
  • MarketAxess Limited United Kingdom8
  • MarketAxess NL B.V. Netherlands8
  • MarketAxess Plataforma De Negociacao Ltda. Brazil8
  • MarketAxess Post-Trade B.V. Netherlands8
  • MarketAxess Post-Trade Limited United Kingdom8
  • MarketAxess SEF Corporation Delaware8
  • MarketAxess Singapore Pte Limited Singapore8
  • MarketAxess Technologies Inc. Delaware8
  • RFQ-hub Asia Pacific Private Limited Singapore8
  • RFQ-hub Europe B.V. Netherlands8
  • RFQ-hub Holdings B.V. Netherlands8
  • RFQ-hub Holdings LLC Delaware8
  • RFQ-hub International Limited Ireland8
  • RFQ-hub Software Solutions (France) France8
  • Trax Limited United Kingdom8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • MARKETAXESS HOLDINGS INCMay 7, 2004 to Oct 13, 20266
  • MARKETAXESS HOLDING INCFeb 11, 2004 to Apr 1, 20046

Timeline

  1. Sep 29, 20268-K Other events66
  2. Jul 30, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure67
  3. Jul 30, 20268-K Results of operations; Other events68
  4. Jun 10, 20268-K Shareholder vote69
  5. May 7, 20268-K Results of operations; Other events70
  6. Apr 17, 20268-K Executive or director change71
  7. Feb 17, 20268-K Executive or director change72
  8. Feb 6, 20268-K Entered a material agreement; Results of operations; New debt or obligation73
  9. Jan 26, 20268-K Executive or director change; Regulation FD disclosure74
  10. Dec 9, 20258-K Regulation FD disclosure75
  11. Nov 7, 20258-K Results of operations; Other events76
  12. Sep 29, 2025New chief executive Dean Berry becomes CEO18
  13. Aug 6, 20258-K Results of operations; Other events77
  14. Apr 5, 2023New chief executive Christopher R. Concannon becomes CEO19
  15. Jan 19, 2006New chief executive Richard McVey becomes CEO20
  16. Nov 5, 2004Went public Listed on NASDAQ1
  17. 2000Founded Founded1

Calendar

Coming up

  1. Nov 6, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.84 a share, on Nov 7, 2025.78

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results68
  2. May 7, 2026Reported quarterly or annual results70
  3. Feb 6, 2026Reported quarterly or annual results73
  4. Nov 7, 2025Reported quarterly or annual results76
  5. Aug 6, 2025Reported quarterly or annual results77
  6. May 7, 2025Reported quarterly or annual results79
  7. Feb 6, 2025Reported quarterly or annual results80
  8. Nov 6, 2024Reported quarterly or annual results81

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

346 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 203 insider forms, 35 large holders, 41 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Sep 29, 2026DEFA14A EDGAR
  3. Sep 29, 20268-K EDGAR
  4. Sep 18, 2026DEFM14A EDGAR
  5. Sep 11, 20264 EDGAR
  6. Sep 11, 20264 EDGAR
  7. Sep 10, 2026144 EDGAR
  8. Sep 4, 2026PREM14A EDGAR
  9. Aug 14, 2026SCHEDULE 13G/A EDGAR
  10. Aug 13, 20264 EDGAR
  11. Aug 13, 2026SCHEDULE 13G/A EDGAR
  12. Aug 10, 2026144 EDGAR
  13. Aug 10, 20264 EDGAR
  14. Aug 7, 20264 EDGAR
  15. Aug 7, 202610-Q EDGAR
  16. Aug 6, 2026SCHEDULE 13G/A EDGAR
  17. Jul 30, 2026DFAN14A EDGAR
  18. Jul 30, 2026DEFA14A EDGAR
  19. Jul 30, 20268-K EDGAR
  20. Jul 30, 2026DEFA14A EDGAR

The 346 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 2 buys and 36 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 10, 2026Pintoff ScottGeneral Counsel and SecretarySale100$163.32$16.3KForm 4
Sep 10, 2026Cruger William Frank Jr.DirectorSale6,164$163.20$1.0MForm 4
Aug 10, 2026Pintoff ScottGeneral Counsel and SecretarySale100$162.60$16.3KForm 4
Jul 10, 2026Pintoff ScottGeneral Counsel and SecretarySale100$115.12$11.5KForm 4
Jun 10, 2026Pintoff ScottGeneral Counsel and SecretarySale100$116.03$11.6KForm 4
May 11, 2026Pintoff ScottGeneral Counsel and SecretarySale100$146.99$14.7KForm 4
Apr 10, 2026Pintoff ScottGeneral Counsel and SecretarySale100$171.96$17.2KForm 4
Mar 10, 2026Pintoff ScottGeneral Counsel and SecretarySale100$184.93$18.5KForm 4
Feb 10, 2026Pintoff ScottGeneral Counsel and SecretarySale100$171.91$17.2KForm 4
Jan 12, 2026Pintoff ScottGeneral Counsel and SecretarySale100$168.63$16.9KForm 4
Dec 12, 2025Pintoff ScottGeneral Counsel and SecretarySale100$177.85$17.8KForm 4
Sep 12, 2025McPherson Kevin MChief Revenue OfficerSale1,494$185.32$276.9KForm 4
Sep 8, 2025Casper Stephen PDirectorSale1,600$186.59$298.5KForm 4
Jun 11, 2025McPherson Kevin MChief Revenue OfficerSale2,000$224.77$449.5KForm 4
May 14, 2025Roupie Christophe Pierre DanielHead of EMEA and APACSale1,189$210.44$250.2KForm 4
Dec 9, 2024Pintoff ScottGeneral Counsel and SecretarySale300$240.57$72.2KForm 4
Nov 14, 2024McVey Richard MExecutive ChairmanSale10,000$267.67$2.7MForm 4
Nov 13, 2024McVey Richard MExecutive ChairmanSale20,000$269.57$5.4MForm 4
Nov 12, 2024McVey Richard MExecutive ChairmanSale20,000$271.75$5.4MForm 4
Sep 6, 2024Casper Stephen PDirectorSale1,000$259.39$259.4KForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Christopher R. Concannon58$750.0K$7.1M93
2025Dean Berry453$190.3K$5.3M93
2025Kevin M. McPherson55$450.0K$2.8M93
2025Ilene J. Fiszel Bieler57$500.0K$2.6M93
2025Christophe Roupie8$310.9K$2.6M93
2025Naineshkumar S. Panchal7$450.0K$2.2M93
2024Chief Executive Officer$750.0K$5.8M93
2024Chief Revenue Officer$450.0K$2.9M93
2024Former Chief Information Officer$450.0K$2.6M93
2024Chief Financial Officer$274.6K$1.8M93
2023Chief Executive Officer$650.0K$8.3M93
2023Chief Revenue Officer$450.0K$2.7M93
2023Former Head of EMEA and APAC$460.8K$1.9M93
2023Former Chief Information Officer$450.0K$1.9M93

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,999,836$453.9M0.0%−75,318
Primecap Management Co/ca/3,504,905$397.8M0.2%+157,780
North Reef Capital Management LP3,395,000$385.3M14.8%+1,520,000
Vanguard Portfolio Management LLC2,100,273$238.4M0.0%−63,398
Aqr Capital Management LLC1,987,288$222.8M0.1%−696,457
Vanguard Capital Management LLC1,546,670$175.5M0.0%−62,589
Fmr LLC1,404,998$159.5M0.0%−114,423
State Street Corp1,281,769$145.4M0.0%+912
Neuberger Berman Group LLC1,229,929$139.6M0.1%+263,900
Goldman Sachs Group Inc1,031,309$117.0M0.0%+522,266
Bank Of Montreal /can/1,017,024$115.4M0.0%−3,535
Geode Capital Management, LLC994,772$112.9M0.0%+131,785
Van Eck Associates Corp924,617$104.9M0.1%−314,668
Dimensional Fund Advisors LP597,894$67.8M0.0%+16,410
Norges Bank572,422$65.0M0.0%New
GUARDCAP ASSET MANAGEMENT Ltd536,324$62.2M4.4%−107,046
Two Sigma Investments, LP543,890$61.7M0.0%+19,866
Azora Capital LP513,081$58.2M2.5%New
Davis Asset Management, L.P.500,000$56.7M1.4%+391,154
Citadel Advisors LLC481,689$54.7M0.0%+399,530
Jpmorgan Chase & Co438,001$48.3M0.0%+5,175
Morgan Stanley422,864$48.0M0.0%−67,673
Los Angeles Capital Management LLC392,065$44.5M0.2%+382,484
Charles Schwab Investment Management Inc330,815$37.5M0.0%−7,692
Bank Of America Corp /de/303,517$34.4M0.0%+39,659

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

13 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Apr 9, 2026Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+18.3%Report
Feb 12, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+42.6%Report
Jan 15, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−54.7%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+107.4%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HouseBuy$1,001 - $15,000−139.4%Report
Oct 5, 2022Tommy TubervilleRepublican, SenateSale$1,001 - $15,000+136.0%Report
Nov 12, 2021Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+122.9%Report
May 18, 2021Susie LeeDemocratic, HouseSale$1,001 - $15,000+150.5%Report
Mar 31, 2021Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+161.7%Report
Mar 17, 2021Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+162.2%Report
Jan 28, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000−173.7%Report
Nov 13, 2020Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+184.1%Report
Jun 22, 2020Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+216.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How MarketAxess is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMARKETAXESS HOLDINGS INC2
  • CIK0001278021
  • Employer ID (EIN)52-223078417
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies2
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance2
  • Business address55 Hudson Yards, 15Th Floor, New York, NY 100012
  • Phone212-831-60002
  • Shares outstanding35,192,891 as of Aug 4, 202615
  • Public float$7.3B as of Dec 31, 202517
  • AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceFeb 11, 20042
  • Filings1,434 in all: 4 (790), 8-K (199), SC 13G/A (93), 10-Q (65), 3 (47), SC 13G (37), 10-K (22), DEF 14A (22)2
    All 41 form types

    DEFA14A (21), 144 (19), ARS (14), SCHEDULE 13G/A (13), UPLOAD (10), S-1/A (9), 3/A (7), CORRESP (7), 8-K/A (6), SCHEDULE 13G (6), 10-K/A (5), S-8 (5), 4/A (4), 5 (4), SC 13D/A (4), 10-Q/A (3), 424B3 (2), 424B4 (2), FWP (2), PRE 14A (2), REGDEX (2), 8-A12B (1), 8-A12G (1), CT ORDER (1), DEFM14A (1), DFAN14A (1), EFFECT (1), PREM14A (1), REGDEX/A (1), S-1 (1), S-3 (1), S-3ASR (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 29, 2026
    Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.003 par valueMKTXNASDAQ Global Select Market

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks MarketAxess names in Item 1A of its 10-K filed Feb 24, 2026: 35 risks under these headings, as written.17

  • Risks Relating to Market and Industry Dynamics and Competition
  • Risks Related to our Future Levels of Business, Profitability and Growth
  • Risks Related to our Operation and Performance of our Business
  • Technology, Cybersecurity and Intellectual Property Risks
  • Regulatory and Legal Risks
  • Liquidity and Funding Risks
  • Global economic, political and market factors beyond our control could reduce demand for our services, and our profitability and business could suffer.
  • Decreases in trading volumes in the fixed-income markets generally or on our platforms would harm our business and profitability.
  • The industry in which we operate is rapidly evolving. If we are unable to adapt our business effectively to keep pace with industry changes, we may not be able to compete effectively, which could have a material adverse effect on our business, financial condition and results of operations.
  • We face substantial competition that could reduce trading on our platforms or our market share and harm our financial performance.
  • Neither the sustainability of our current level of business nor any future growth can be assured. Even if we do experience growth, we may not grow profitably.
  • We may enter into new fee plans, the impact of which may be difficult to evaluate; past trends in commissions are not necessarily indicative of future commissions.
The other 29 risks
  • As we enter new markets, we may not be able to successfully attract clients and adapt our technology and marketing strategy for use in those markets.
  • We may face increasing challenges in our growing international operations that we may not be able to meet in the future.
  • We are dependent on our broker-dealer clients, who are not restricted from using their own proprietary or third-party platforms to transact with our institutional investor clients.
  • We could lose significant sources of revenue and trading volume if we lose any of our significant institutional investor clients.
  • We are exposed to risks in connection with certain transactions in which we act as a matched principal intermediary.
  • Self-clearing exposes us to significant operational, liquidity, financing and regulatory risks.
  • We depend on third-party suppliers for key products and services.
  • If we acquire or invest in other businesses, products or technologies, and are unable to integrate them with our business, our financial performance may be impaired. We may not realize the anticipated financial and strategic goals for any such transactions or any strategic alliances, partnerships or joint ventures, which we may enter into.
  • Failure to retain our senior management team or the inability to attract and retain qualified personnel could materially adversely impact our ability to operate or grow our business.
  • Economic sanctions levied against states or individuals could expose us to significant operational and regulatory risks.
  • Risks related to climate change or other sustainability risks could adversely affect our operations or reputation.
  • Rapid market or technological changes may render our technology obsolete or decrease the attractiveness of our products and services to our broker-dealer and institutional investor clients.
  • Issues related to the development and use of AI may result in reputational harm, liability, or other adverse consequences to our business operations.
  • Our success depends on maintaining the integrity and capacity of our electronic trading platforms, systems and infrastructure.
  • System failures, interruptions, delays in service, catastrophic events and resulting interruptions in the availability of our trading platforms could materially harm our business and reputation.
  • If we experience design defects, errors, failures or delays with our platforms, products or services, our business could suffer serious harm.
  • Malicious cyber-attacks, attempted cybersecurity breaches, and other adverse events affecting our operational systems or infrastructure, or those of third parties, could disrupt our businesses, result in the disclosure of confidential information, cause system unavailability, damage our reputation and cause losses or regulatory penalties.
  • Our actual or perceived failure to comply with privacy and data protection laws, regulations, and obligations could harm our business.
  • We may not be able to protect our intellectual property rights or technology effectively, which would allow competitors to duplicate or replicate our electronic trading platforms or any of our other current or future functionalities, products or services. This could adversely affect our ability to compete.
  • Defending against intellectual property infringement or other claims could be expensive and disruptive to our business. If we are found to infringe the proprietary rights of others, we could be required to redesign our technology, pay royalties or enter into license agreements with third parties.
  • Our use of open-source software could result in litigation or require us to re-engineer our platforms or other commercial solutions.
  • We operate in a highly regulated industry and we may face restrictions with respect to the way we conduct certain of our operations.
  • Our business and the trading businesses of many of our clients are subject to increasingly extensive government and other regulation, which may affect our trading volumes and increase our cost of doing business.
  • The extensive regulation of our business means we have ongoing exposure to potentially significant costs and penalties.
  • We are subject to the risks of litigation and securities laws liability.
  • If our tax filing positions were to be challenged by federal, state and local, or foreign tax jurisdictions, we may not be wholly successful in defending our tax filing positions.
  • We cannot predict our future capital needs or our ability to obtain additional financing if we need it.
  • Our credit agreement contains restrictive and financial covenants that could limit our operating flexibility, and we may incur additional debt in the future that may include similar or additional restrictions.
  • We maintain our cash at financial institutions, often in balances that exceed federally insured limits.

Legal proceedings

In the normal course of business, we and our subsidiaries included in the consolidated financial statements may be involved in various lawsuits, proceedings and regulatory examinations. We assess liabilities and contingencies in connection with outstanding legal proceedings, if any, utilizing the latest information available. Based on currently available information, the outcome of our outstanding matters is not expected to have a material adverse impact on our financial position. It is not presently possible to determine our ultimate exposure to these matters and there is no assurance that the resolution of the outstanding matters will not significantly exceed any reserves accrued by us. See Note 15 to the Consolidated Financial Statements for a discussion of our commitments and contingencies.

The opening of Item 3, Legal Proceedings.17

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