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Valued at a market cap of $9.8 billion, MarketAxess Holdings Inc. (MKTX) operates an electronic trading platform for institutional investors and broker-dealer companies. The New York-based company offers institutional investors access to global liquidity in products like U.S. high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, U.S. agency bonds, credit derivatives, and other fixed-income securities.
Shares of this financial company have lagged behind the broader market over the past 52 weeks. MKTX has gained nearly 13.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 31.8%. Moreover, on a YTD basis, the stock is down 10.6%, compared to SPX’s 25.8% gains.