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Valued at a market cap of $7.1 billion, MarketAxess Holdings Inc. (MKTX) is a leading financial technology company that operates an electronic trading platform for institutional investors and broker-dealers. In addition to trading services, the New York-based company offers a suite of pre- and post-trade solutions, such as trade processing, regulatory reporting, and market data analytics.
Shares of this capital markets company have lagged behind the broader market over the past 52 weeks. MKTX has declined 19.9% over this time frame, while the broader S&P 500 Index ($SPX) has soared 15.1%. Moreover, on a YTD basis, the stock is down 16%, compared to SPX’s 9.9% rise.