MarketAxess: Electronic Credit Platform With Industry Tailwinds, Valuation Seems Fair
MKTXMarketAxess(MKTX) Seeking Alpha·2024-08-12 14:45

meshaphoto MarketAxess: Global Credit Trading Platform, But Valuation Appears Fair Given Recent Market Share Trends MarketAxess (NASDAQ:MKTX) operates a global credit trading platform and also offers rates trading, data and post-trade solutions to its clients. MKTX has benefited from the electronification of global credit markets. However, in recent years, its market share growth has come under pressure. The company continues to be at the center of this cyclical shift in the markets but given the recent sha ...