Marketaxess Holdings Inc at UBS Financial Services Conference Transcript

Feb 26, 2024 / 08:30PM GMT
Alexander Kramm - UBS Investment Bank, Research Division - Executive Director and Equity Research Analyst of Exchanges, Ebrokers

Hello again. Welcome to our last fireside for the day. Hopefully, it's been a great conference for everyone so far. For those of you who don't know me, I'm Alex Kramm, senior research analyst at UBS, obviously, covering exchanges in business services. Excited to have MarketAxess here, Rich Schiffman, Global Head of Trading Solutions. I hope you guys had a great day. I know this is the last presentation, as I said, and I think everybody is eager to get outside, it's a beautiful day and to have a cocktail or 2. So why don't we just jump in, but thanks for coming and doing this. So look, maybe we'll start very, very big picture.

You have quite a lot of new initiatives in the work, new platform, new protocols, new trading functionality, can you give us a sense of how your new growth initiatives are progressing? Which of the greatest promise? And what are your thoughts around the timing on when they actually make a material impact to your earnings?

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