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NEW YORK - MarketAxess Holdings Inc. (NASDAQ:MKTX), a $6.67 billion market cap company with robust financials and a healthy 7.67% revenue growth over the last twelve months, on Tuesday announced the global launch of Axess IQ Connect, a web-based application that provides wealth management advisors with real-time access to fixed-income market data.
The new application, designed for Private Banks and Wealth Managers, allows client advisors to connect with their trading desks and access live market insights from any device. The platform provides liquidity data and bond pricing powered by CP+, the company’s AI-powered pricing engine. Currently trading near its 52-week low, InvestingPro analysis suggests the stock may be undervalued, with strong fundamentals including an impressive current ratio of 7.55.
Axess IQ Connect extends the functionality of the company’s existing Axess IQ execution management system. The application includes features such as interactive watchlists and an optional order management function that enables advisors to submit client orders directly to their trading desk. For deeper insights into MarketAxess’s financial health and growth potential, investors can access comprehensive analysis and 8 additional ProTips through InvestingPro’s detailed research reports.
"Axess IQ Connect was developed to meet the demands of the modern Financial Advisor where real-time access to market insights is critical," said Erik Tham, Head of Product Management, Global Private Banking at MarketAxess, in a press release statement.
MarketAxess operates an electronic trading platform for fixed-income securities, serving approximately 2,100 firms globally. The company, founded in 2000, provides automated trading solutions and data products for institutional investors and broker-dealers in the global fixed-income markets.
In other recent news, MarketAxess Holdings Inc. reported its second-quarter 2025 earnings, with earnings per share exceeding analysts’ expectations. Despite the strong earnings performance, the company’s stock saw a decline in pre-market trading. Jefferies adjusted its price target for MarketAxess to $208.00 from $217.00, maintaining a Hold rating on the stock. This adjustment was influenced by MarketAxess’s second-quarter results and its July volume report, leading Jefferies to reduce its earnings per share estimates for the remainder of 2025 by 3% and for 2026 by 1%. These developments reflect the ongoing analysis and expectations surrounding MarketAxess’s financial performance.
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