MarketAxess Holdings Inc. · New York, NY United States ·(NASDAQ (GS): MKTX)
Company Description
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This link will open in a new window A little creative spelling never got in the way of a good bond trade. MarketAxess offers an electronic multi-dealer platform for institutional traders buying and selling US corporate, high-yield, and emerging market bonds, as well as Eurobonds. Participating broker-dealers include some of the world's largest, such as BNP Paribas , Citigroup , Deutsche Bank , Goldman Sachs , and Merrill Lynch . In all, MarketAxess serves more than 650 investment firms, mutual funds, insurance companies, pension funds, and other institutional investors. The company also provides real-time corporate bond price information through its Corporate BondTicker service. To read the full description, subscribe now.
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Key MarketAxess Holdings Inc. Financials
| Company Type | Public - NASDAQ (GS): MKTX Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $93.1 |
| 2008 Employees | 185 |
MarketAxess Holdings Inc. Executives
19 executives listed for MarketAxess Holdings Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Richard McVey | Network |
| President and Director | T. Kelley Millet | Network |
| CFO | James Rucker | Network |
Competition
Competitive Landscape for MarketAxess Holdings Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top MarketAxess Holdings Inc. Competitors
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