MarketAxess Holdings Inc (NAS:MKTX)
$ 214.71 -1.89 (-0.87%) Market Cap: 8.14 Bil Enterprise Value: 7.77 Bil PE Ratio: 31.53 PB Ratio: 6.18 GF Score: 96/100

Marketaxess Holdings Inc at KBW Cards, Payments & Financial Technology Symposium Transcript

Feb 28, 2019 / 05:45PM GMT
Release Date Price: $243.88 (-0.25%)
Kyle Kenneth Voigt
Keefe, Bruyette, & Woods, Inc., Research Division - Associate

So we're going to get started with MarketAxess. Pleased to have CFO Tony DeLise here along with President Chris Concannon, just recently joined the firm. Thanks for being with us today.

Just a very brief overview of MarketAxess. They're a leading electronic venue for corporate bond trading in the U.S. They also have substantial operations in Europe, Asia, Brazil, other emerging markets. The company now has a market cap close to $10 billion that I feel like is going up $1 billion or $2 billion every time we talk but partially driven by the record market share that you hit in the fourth quarter. I think, every major product class in the fourth quarter, including U.S. high-grade and high yield volume.

Questions & Answers

Kyle Kenneth Voigt
Keefe, Bruyette, & Woods, Inc., Research Division - Associate

I guess, I kind of want to start there in terms of the market environment in the fourth quarter. We saw significant amount of equity market volatility. We

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