MarketAxess

MarketAxess Holdings Inc.
TypePublic
ISINUS57060D1081
IndustryFinancial Services
Founded2000 (2000)
FounderRichard McVey
Headquarters55 Hudson Yards
New York City, U.S.
Key people
RevenueIncrease US$846 million (2025)
Increase US$341 million (2025)
Decrease US$246 million (2025)
Total assetsIncrease US$1.934 billion (2025)
Total equityDecrease US$1.145 billion
Number of employees
868 (2025)
Websitemarketaxess.com
Footnotes

MarketAxess Holdings Inc., headquartered in New York City, operates electronic trading platforms used to trade bonds and other fixed income products. It has approximately 2,100 customers, all of which are either institutional investors (91.3% of 2025 volume) or broker-dealers (8.7% of 2025 volume).

The company's platforms allow prospective traders to buy or sell specific bonds and to execute trades using a request for quote system. The company's Open Trading platform allows institutional investors, asset managers, and dealers to all trade anonymously with one another, increasing market liquidity. It also allows for portfolio trading and rules-based, automated algorithmic trading.

In 2025, 86.8% of the company's revenues were derived from commissions for transactions. In 2025, the company received an average commission of $4.28 per $1 million in government bonds traded and an average commission of $138.87 per $1 million of other bonds traded. The company has an estimated 17.0% market share for trading in U.S. corporate bonds, a 5.9% market share for trading in U.S. municipal bonds, and a 2.4% market share for trading in U.S. government bonds.

The company's primary competitor is TradeWeb.