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Barchart
Barchart
Ruchi Gupta

MarketAxess Surges 29% on ICE Acquisition. Here Is How to Play MKTX Stock Before the Deal Closes.

MarketAxess MKTX Ice Intercontinental Exchange

MarketAxess Holdings (MKTX) is a New York-headquartered electronic trading platform operator founded in 2000, serving approximately 2,100 institutional investors and broker-dealers globally across U.S. high-grade bonds, high-yield bonds, emerging market debt, eurobonds, municipal bonds, and government securities. The platform recently announced a solid quarter and that it was being acquired by Intercontinental Exchange (ICE); taken together, the news sent MKTX stock surging 29% on July 30.

The company's flagship Open Trading marketplace delivers an all-to-all, anonymous liquidity pool that connects institutional investors, asset managers, and dealers at scale. With 86.8% of revenues derived from commissions and a growing suite of post-trade services, data analytics, and compliance tools, MarketAxess has established itself as the dominant electronic credit trading platform globally.

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