MKTX is getting a seasoned leader with extensive expertise in electronic markets to propel the company forward.
MarketAxess Holdings Inc. (MKTX) is a financial technology company that operates a leading electronic trading platform for fixed-income securities. The company, which was founded in 2000, is headquartered in New York City, and its electronic trading platform allows institutional investors and dealers to trade corporate bonds and other types of fixed-income securities with ease. One of the key strengths of MarketAxess is its proprietary technology, which includes advanced analytics and real-time market data, enabling its users to make informed trading decisions. The company has built a strong network of over 1,200 institutional investors and market participants, making it one of the largest and most liquid electronic fixed-income trading platforms in the world.
Despite its success, the company does face some challenges, such as the ongoing low-interest rate environment, which has led to decreased demand for fixed-income securities. Additionally, increased competition from other electronic trading platforms also poses a risk to the company's growth. However, MarketAxess has a strong track record of successfully navigating these challenges and maintaining its position as a market leader.
MarketAxess has recorded three-quarters of growing earnings growth after stumbling in the first quarter of 2022. During the same time span, revenue gains have also grown. The firm reported a 4% improvement in EPS to $1.58 for the third quarter on a 6% increase in revenue to $172.1 million.
MKTX New CEO
MKTX announced that Chris Concannon was appointed to CEO, a seasoned leader with extensive expertise in electronic markets as the industry transitions to an era of increasingly automated, data-driven trading. Mr. Concannon formerly served as President and Chief Operating Officer of Cboe Global Markets, Inc., a post he assumed upon Cboe's purchase of Bats Global Markets, Inc. in 2017. Mr. Concannon has been the Chief Executive Officer of Bats since 2015, before to its acquisition by Cboe. He has over 20 years of experience as an executive at Nasdaq, Virtu Financial, and Instinet, as well as an attorney at Morgan, Lewis & Bockius, LLP, and the Securities and Exchange Commission.
AI Trading
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Below is our stock pick from our 1-month stock prediction publicly announcing MKTX as a buy on December 7th, 2022 generating a 15.17% return on investment in only one month.
Based on the historical accuracy of each prior financial asset forecast, as well as current market parameters important to stock price, the AI-powered stock market analysis computes the Signal Confidence (SC), which is expressed as a percentage out of 100%. This particular stock prediction has a Signal Confidence (SC) of 55%. When combined with machine learning, these incredibly complex mathematical functions for statistical programming and modeling are capable of comparing their current coefficients and algorithms to newly added data and then adapting to improve model accuracy through a validation and reflection process.
The AI stock prediction system provides circadian forecasts in different frames by analyzing empirical evidence of financial market abnormalities connected to trader overreaction and under-reaction. Every day, you will be updated with the best potential stock opportunities identified by AI that are offered from short-term to longer-term time frames.
This stock choice has been accessible in many predictions across a variety of time intervals. When you read your daily predictions as a subscriber, you may identify greater possibilities by watching for repetition of particular stock recommendations that stay in the AI forecasts. Another sign is if the stock choice appears in many anticipated time periods, particularly multiple predictions released each AM EST.
Stock Ticker | Open: Dec 8, 2022 | Close: Jan 9, 2023 | ROI% |
MarketAxess Holdings Inc. (MKTX) | $277.07 | $319.10 | 15.17% |
Subscribers who bought MKTX stock based on our AI Forecast for the 1-week time frame on Dec 8th, 2022 would have generated a significant profit of 15.17% or $42.03 per share on this single trade. Discretion should always be used when analyzing the market. Your own due diligence is always required and you should always get advice from a certified financial advisor prior to implementing any financial plans.
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Sources: 1. MarketAxess Investor Relations, "MarketAxess Reports Third Quarter 2022 Results" (2022)
2. MarketAxess Investor Relations, "MarketAxess Promotes Chris Concannon to Chief Executive Officer; Richard M. McVey to Become Executive Chairman" (2022)
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