Marketaxess Holdings Stock Fair Value – MarketAxess Trading ADV Up 9% in Q4 and 16% in December

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MARKETAXESS HOLDINGS ($NASDAQ:MKTX) is a leading operator of an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income securities. The company provides a variety of innovative products and services that facilitate price discovery, order execution, and trade processing. The company reported that their trading ADV rose by 9% in Q4, and further surged by 16% in December. This was driven by increased trading activity across all major regions as well as a rise in corporate bonds traded on its platform.

This impressive performance reflects the continued strength of MarketAxess’s innovative offering and the continuing demand for fixed-income securities traded on its platform. The company’s ability to offer pricing and order execution services across multiple asset classes has enabled it to remain ahead of the competition and ensure continued growth in trading ADV.

Analysis – Marketaxess Holdings Stock Fair Value

At GoodWhale, we have conducted an analysis of MARKETAXESS HOLDINGS‘s fundamentals. Our proprietary Valuation Line has calculated the intrinsic value of the company’s share to be around $334.9. This presents an interesting opportunity for investors looking to capitalize on the current market situation. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Marketaxess Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Marketaxess Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Marketaxess Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Marketaxess Holdings are shown below. More…

Peers

MarketAxess Holdings Inc is a leading financial markets technology company. It provides an electronic trading platform for fixed income securities, including corporate bonds, government and agency bonds, asset-backed securities, and credit default swaps. The company’s competitors include Tradeweb Markets Inc, Aryaman Capital Markets Ltd, and Matsui Securities Co Ltd.

– Tradeweb Markets Inc ($NASDAQ:TW)

Tradeweb Markets Inc is a financial markets platform company. It has a market cap of 10.91B and a ROE of 6.51%. The company offers electronic trading for a variety of fixed income products, including government bonds, corporate bonds, mortgage-backed securities, and credit default swaps. It also provides post-trade processing and analytics. The company was founded in 1996 and is headquartered in New York, New York.

– Aryaman Capital Markets Ltd ($BSE:538716)

With a market cap of 707.85M as of 2022, Aryaman Capital Markets Ltd is a company that is doing quite well. The company has a Return on Equity of 10.69%. The company deals in providing financial services and is based in India. The company is doing quite well in terms of its market cap and ROE.

– Matsui Securities Co Ltd ($TSE:8628)

Matsui Securities Co., Ltd. is a Japanese securities firm headquartered in Tokyo. It is a member of the Nikkei 225 stock index. The company was founded in 1931 and its current president is Takuya Matsui. The company offers a range of services including retail and institutional brokerage, investment banking, and research. It has offices in Tokyo, Osaka, Nagoya, and Fukuoka.

Summary

This suggests that investors are relying more on MarketAxess to execute their trading decisions. The increased trading activity also indicates that there is an increased demand for the company’s services from institutional investors, which could positively impact its revenue and profits in the long run. Overall, MarketAxess Holdings appears to be on a positive trajectory and is well-positioned to capitalize on the surge in trading activity.