MarketAxess (MKTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MarketAxess' (MKTX) total portfolio trading volume surges 142.8% year over year in the second quarter to $55 billion.
It released monthly and quarterly trading statistics. These revealed double-digit rises in numerous key activities.
MarketAxess (MKTX) executes the first-ever portfolio trade for tax-exempt municipal bonds.
MarketAxess is a rare pure-play on bond market trading. The company has made several accretive acquisitions, most recently related to algorithmic trading, and has seen a much-needed leadership change. An increasing client base and my expectations for increased market volatility and credit spreads could drive an acceleration in results.