tradingkey.logo

MarketAxess jumps after record March trading volumes

ReutersApr 4, 2025 1:28 PM

Bond trading platform MarketAxess' MKTX.O shares jump 6.4% to $229.99 premarket after posting record trading results in March

Trading volumes tend to rise during market volatility as investors rejig their portfolios to manage risk

CEO Chris Concannon says MKTX's new offerings launched combined with continued market volatility should help it increase market share in U.S. credit in coming quarters

William Blair says MKTX's high-grade and high-yield trading market share increased after weakness over the last two months, likely due to increasing credit spread and equity volatility

Four of 14 brokerages rate the stock "buy" or higher, 9 "hold" and 1 "sell"; median PT is $225 - data compiled by LSEG

As of last close, MKTX shares down 4.4% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI