Thesis-Confirming Data Points for MarketAxess Are on the Horizon
Bulls and bears for MarketAxess should both have data to prove who’s right within the next one to two years. The company reported net income of $30.9 million, or $0.82 per diluted share, on $90.3 million of revenue for the third quarter. Revenue sequentially decreased 7%, but was 22% higher than a year ago. The company’s core U.S. high-grade trading volume was 27% higher from the previous year and other volume that includes emerging market and eurobonds increased 46%. We don’t anticipate making ...MarketAxess Holdings operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its patented technology. Through its Open Trading? protocols, the company executes trades in certain bond between and among institutional investor and broker-dealer clients. The company also provides trading-related products and services, including: Composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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