MarketAxess Holdings Inc

MKTX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MarketAxess: Weak Start to 2025 but Product Releases Offer Some Hope; Our FVE Down to $260 From $305

Michael Miller

Feb 10, 2025

MarketAxess continues to see erosion in its US corporate bond market share, creating a meaningful headwind to the firm's results. While MarketAxess has an impressive pipeline of new features rolling out in 2025, which it hopes will improve its position, the firm will still need to prove itself.

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MarketAxess Holdings Inc

MarketAxess: Weak Start to 2025 but Product Releases Offer Some Hope; Our FVE Down to $260 From $305

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