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Valued at a market cap of $9.7 billion, MarketAxess Holdings Inc. (MKTX) operates an electronic trading platform for institutional investors and broker-dealer companies. The New York-based company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, euro bonds, municipal bonds, U.S. government bonds, and other fixed-income securities.
Companies valued at less than $10 billion are generally described as “mid-cap” stocks, and MarketAxess Holdings fits right into that category. The company derives its operating revenues from commissions, information services, and post-trade services and has a growing global network of investors, dealers, and alternative market makers.