Financial Data and Key Metrics Changes - Third quarter revenue was $172 million, up 6% year-over-year, driven by strong trading volume and record market share gains, but negatively impacted by lower duration of U.S. high-grade bonds and a strengthening U.S. dollar [30][31] - Excluding foreign currency fluctuations, revenues would have increased approximately 9% [31] - Total commission revenue increased 7%, with growth in total credit and total rates commission revenue driven by healthy increases in trading volume and estimated market share [34] Business Line Data and Key Metrics Changes - Record trading volume in municipal bonds and portfolio trading, with portfolio trading volume reaching $25 billion in Q3 [26] - Automated trading volume increased to $52 billion, reflecting continued strong adoption during heightened volatility [23] - Open Trading price improvement generated $260 million in estimated transaction cost savings for clients, double the savings from the previous year [21] Market Data and Key Metrics Changes - Emerging markets trading volume grew 8% during the quarter, with local markets' trading volume increasing 33% on a reported basis [27] - U.S. Treasuries saw an increase in active client firms trading on the platform, from 122 to 226 year-over-year [10] - Investment-grade bond indices were down 22% year-to-date, reflecting significant market volatility [12] Company Strategy and Development Direction - The company continues to execute its growth strategy, focusing on expanding market share across various products and enhancing its competitive position in the institutional client e-trading space [41][42] - The leadership position in global credit is expanding beyond U.S. high-grade bonds, with record market share in high yield and municipal bonds [7] - The company is leveraging its global client network and technology to grow share in existing products and add new product areas [17] Management's Comments on Operating Environment and Future Outlook - Management believes that higher bond yields create a better investing and trading environment, despite current volatility [13] - The expectation is that volatility will remain high in 2023, which may favor the company's trading model [87] - The company anticipates that the demand for automation in trading will continue to grow, driven by clients' needs for efficient trading solutions [96] Other Important Information - The effective tax rate was 24.8%, with expectations for the full year to be at the upper end of the previously stated range of 24% to 26% [33] - The company paid out $26 million in quarterly dividends and repurchased 280,000 shares for a total of $88 million year-to-date [39][90] - Cash and investments as of September 30 were $352 million, with trailing 12-month free cash flow of $239 million [38] Q&A Session Summary Question: What is driving the market share gains in U.S. high yield? - Management indicated that liquidity conditions are challenging, leading clients to rely on the all-to-all trading model for diversified sources of liquidity and price improvement [45][46] Question: What is the impact of proposed SEC regulations on central clearing? - Management believes that central clearing will benefit the market overall, but the implementation is still a year or two away [48][51] Question: How did fee per million progress during the quarter? - Fee capture was stable for total credit, with slight pressure from high-grade due to movements in bond yields and years to maturity [56][58] Question: What is the outlook for high-grade trading activity? - Management noted that high-grade market volumes are holding up well despite volatility, but outflows from bond funds are impacting activity [65][66] Question: What enhancements have been made to data and analytics capabilities? - The company has rolled out additional products for its CP+ offering and is seeing growing demand for portfolio construction data [68][71] Question: What are the investment priorities for the cash position? - The company plans to invest in the platform, consider opportunistic M&A, and return capital to shareholders through dividends and repurchases [96][97]

※ Market Axess® Q3 2022 Conference Call and Webcast October 19, 2022 ※ Market Axess® Strategic Update Rick McVey, Chairman and CEO 2 3Q22 Strategic Update & Highlights¹ • Record composite corporate bond2 estimated market share of 20.6%, up 170 bps. • Record U.S. high-yield estimated market share of 19.3%, up from 15.3%, on 25% increase in ADV. Increase penetration in core credit products • +360 bps point increase in emerging markets estimated market share to 20.6%, on 8% increase in ADV (up 12% constant cur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34091 MARKETAXESS HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 52-2230784 (State or other jurisd ...

MarketAxess Holdings Inc. (NASDAQ:MKTX) Q2 2022 Earnings Conference Call July 20, 2022 10:00 AM ET Company Participants Stephen Davidson - Head of Investor Relations Richard McVey - Chairman and CEO Chris Concannon - President and Chief Operating Officer Chris Gerosa - Chief Financial Officer Conference Call Participants Richard Repetto - Piper Sandler & Co. Kyle Voigt - Keefe, Bruyette & Woods, Inc. Gautam Sawant - Credit Suisse AG Patrick O'Shaughnessy - Raymond James & Associates, Inc. Daniel Fannon - Je ...

※ Market Axess® Q2 2022 Conference Call and Webcast July 20, 2022 ※ Market Axess® Strategic Update Rick McVey, Chairman and CEO 2 2Q22 Strategic Update & Highlights¹ • Record total credit trading volume; record composite corporate bond2 estimated market share of 20.2%. • Record combined U.S. high‐grade and U.S. high‐yield estimated market share, of 20.9%, up from 19.1%. Increase penetration in • Record U.S. high‐yield estimated market share of 17.3%, up from 14.3%. core credit products • Record emerging mar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34091 MARKETAXESS HOLDINGS INC. (Exact name of registrant as specified in its charter) | | Trading | | | --- | --- | --- | | Tit ...

MarketAxess Holdings Inc. (NASDAQ:MKTX) Q1 2022 Earnings Conference Call April 20, 2022 10:00 AM ET Company Participants Stephen Davidson - Head of Investor Relations Richard McVey - Chairman and Chief Executive Officer Chris Concannon - President and Chief Operating Officer Christopher Gerosa - Chief Financial Officer Conference Call Participants Richard Repetto - Piper Sandler & Co. Brian Bedell - Deutsche Bank AG Kyle Voigt - Keefe, Bruyette & Woods, Inc. Sean Horgan - Rosenblatt Securities Inc. Gautam S ...

※ Market Axess® Q1 2022 Conference Call and Webcast April 20, 2022 ※ Market Axess® Strategic Update ❖Rick McVey, Chairman and CEO 2 1Q22 Strategic Update & Highlights¹ | --- | --- | |------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to None Commission File Number 001-34091 MARKETAXESS HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 52-2230784 (State of incorporation) ...

INVESTOR PRESENTATION 1st Quarter 2022 Forward Looking Statements This presentation may contain forward‐looking statements, including statements about the outlook and prospects for Company and industry growth, as well as statements about the Company's future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess' current expectations. The Company's actual results in future periods may differ materially from those currently expected o ...