MarketAxess rises after Q3 profit beat

MarketAxess Holdings

06/11/2024 14:11

** Shares of bond trading platform MarketAxess Holdings
 MKTX.O  up 3.9% at $290 before the bell 
    ** MKTX beats third-quarter profit estimates, helped by
strong activity in the bond market
    ** The average daily trading volume for U.S. government
bonds on MarketAxess' platform was up 43% at $25.30 billion
during the third quarter from a year ago
    ** Total credit average daily volume, which is a measure of
the average daily number of bond transactions on MarketAxess'
platform, rose 27% to $14.12 billion
    ** The company's third-quarter profit of $1.90 per share
came in above analysts' average estimate of $1.85 - LSEG 
    ** As of last close, MKTX down ~5% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))