In the Q2, Marketaxess Holdings Inc 's corporate clients experienced a reduction by -3.76 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -23.54 %. During the corresponding time, Marketaxess Holdings Inc saw a revenue deteriorated by -0.55 % year on year, sequentially revenue fell by -6.41 %. While revenue at the Marketaxess Holdings Inc 's corporate clients recorded rose by 10.38 % year on year, sequentially revenue fell by -2.5 %.
Customers of Marketaxess Holdings Inc saw their costs of revenue decrease by -3.76 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -23.54 %, for the same period Marketaxess Holdings Inc revnue deteriorated by -0.55 % year on year, sequentially revenue fell by -6.41 %.
Marketaxess Holdings Inc's Comment on Sales, Marketing and Customers
We promote our products and services using a variety of direct and indirect sales
and marketing strategies. Our sales force is responsible for client acquisition
activity and for increasing use of our trading platform and information and post-trade
services by our existing clients. Their goal is to train and support existing
and new clients on how to use our system and to educate them as to the benefits
of utilizing an electronic fixed-income trading platform. We employ various strategies,
including advertising, direct marketing, promotional mailings, and participation
in industry conferences and media engagement, to increase awareness of our brand
and our electronic trading platform. For example, we have worked with The Wall
Street Journal to establish BondTickerTM as the source of information for its
daily corporate bond and high-yield tables. A similar process also exists for
our Trax® post-trade business, employing both direct and indirect sales methods.
MarketAxess Holdings Inc., a prominent electronic trading platform for fixed-income securities, reported a 12% increase in average daily volume (ADV) for credit transactions in July 2024. This growth was primarily fueled by an 18% rise in both U.S. high-grade and Eurobond trades, alongside a 7% increase in trades from emerging markets. Remarkably, trading in municipal bonds surged by 65%, suggesting robust demand in this segment. CEO Chris Concannon described these outcomes as reflective of strong underlying market conditions.However, despite this increase in trading volume, MarketAxess appears to be facing headwinds on the revenue front, with a reported -0.65% decrease year-on-year and a -4.27% decline sequ...
MarketAxess Holdings Inc., a top-tier electronic trading platform for fixed-income securities, has revealed its monthly trading volume along with preliminary variable transaction fees per million (FPM) for April 2024. The company, listed on NASDAQ under the symbol MKTX, has witnessed credit ADV growth of 11.9%, primarily driven by a substantial increase of 16.4% in U.S. high-grade on heightened market volumes. Furthermore, the emergence markets reported an increase of 31.7%, along with a 13.3% rise in other relevant market sectors.CEO of MarketAxess, Chris Concannon, outlined the company s strong performance in April. However, in contrast to this growth, third-quarter reports show a decrease of 9% in costs o...
Marketaxess Holdings Inc’s Comment on Sales, Marketing and Customers
We promote our products and services using a variety of direct and indirect sales
and marketing strategies. Our sales force is responsible for client acquisition
activity and for increasing use of our trading platform and information and post-trade
services by our existing clients. Their goal is to train and support existing
and new clients on how to use our system and to educate them as to the benefits
of utilizing an electronic fixed-income trading platform. We employ various strategies,
including advertising, direct marketing, promotional mailings, and participation
in industry conferences and media engagement, to increase awareness of our brand
and our electronic trading platform. For example, we have worked with The Wall
Street Journal to establish BondTickerTM as the source of information for its
daily corporate bond and high-yield tables. A similar process also exists for
our Trax® post-trade business, employing both direct and indirect sales methods.
Sources:
Marketaxess Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Marketaxess Holdings Inc’s corporate clients.
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