MarketAxess (NASDAQ:MKTX) is a leading electronic trading platform specializing in fixed-income securities for institutional investors. Since its founding in 2000 by Richard McVey, who continues to serve as Chairman and Chief Executive Officer, the company has focused on delivering a streamlined, technology‐driven marketplace for corporate bonds, municipal debt, emerging‐market debt, credit default swaps and other credit products. Through its digital network, MarketAxess connects buy‐side and sell‐side participants across major global markets, enhancing price discovery, transparency and execution efficiency.
The firm’s core offerings include a suite of trading protocols—such as request‐for‐quote (RFQ), all‐to‐all, portfolio trading and periodic auctions—that enable market participants to customize execution strategies and improve liquidity. In addition to trade execution, MarketAxess provides Open Trading Data, a post‐trade market data service that aggregates anonymized transaction information. The platform also integrates smart‐order routing capabilities and advanced analytics, supporting clients in monitoring market activity, managing risk and identifying trading opportunities.
Over the years, MarketAxess has expanded its global footprint through strategic partnerships and acquisitions. The company entered the European credit market in the early 2010s and extended into Asia Pacific with a joint venture in China. It has acquired complementary businesses to enhance its product set, including a smart‐order routing provider for U.S. Treasury trading and a European market data specialist. This growth has positioned MarketAxess as one of the principal venues for electronic credit trading worldwide.
Headquartered in New York City, MarketAxess maintains regional offices in London, Hong Kong, Singapore and Tokyo, supporting a diverse client base of asset managers, hedge funds, insurance companies and other institutional investors. Under the leadership of its executive team, the company continues to invest in technology innovation and regulatory compliance, striving to advance the electronic trading ecosystem for fixed‐income markets around the globe.
