MarketAxess jumps after record March trading volumes

MarketAxess Holdings

04/04/2025 14:28

** Bond trading platform MarketAxess' MKTX.O shares jump 6.4% to $229.99 premarket after posting record trading results in March

** Trading volumes tend to rise during market volatility as investors rejig their portfolios to manage risk

** CEO Chris Concannon says MKTX's new offerings launched combined with continued market volatility should help it increase market share in U.S. credit in coming quarters

** William Blair says MKTX's high-grade and high-yield trading market share increased after weakness over the last two months, likely due to increasing credit spread and equity volatility

** Four of 14 brokerages rate the stock "buy" or higher, 9 "hold" and 1 "sell"; median PT is $225 - data compiled by LSEG

** As of last close, MKTX shares down 4.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))