How COVID-19 has impacted MarketAxess and measures they’ve taken as a business to combat it. Read on below.
Our aim is to help you buy MarketAxess shares armed with as much research and information as possible.
Below we’ve aggregated up to date information on MarketAxess including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy MarketAxess shares.
MarketAxess is an international company that facilitates institutional investors and broker-dealers to electronically trade in corporate bonds and other fixed income securities. At this point it is the market leader in electronic trading of U.S. corporate bonds. Based on the premise that a technology based financial firm will replace traditional investment banks and brokerage companies, the electronic trading company is making a run for the title of leader in the trading pool.
By understanding the complexities of regulatory agencies, MarketAxess is creating an efficient and lower cost trading environment.
Richard McVey founded the company in 2000 and remains its Chairman and Chief Executive Officer. It trades on the NASDAQ under MKTX.
With the initial shock of Coronavirus, many corporations scrambled for security. With the shutdown of most operations, cash was in short supply and many companies feared closure. With the intervention of the Federal Reserve, conditions improved in the bond market so that balance sheets could be improved. This was a boon to a bond market trader company.
May 4th
Trading volume for April 2020 was $599.2 billion consisting of $246.1 billion in credit volume and $353.1 billion in rates volume.
June 2nd
The May 2020 statistics were released of $519.7 billion consisting of $229.3 billion in credit volume and $290.5 billion in rates volume.
July 6th
June 2020 trading volume statistics were released indicating $578.5 billion consisting of $266.5 billion in credit volume and $312.0 billion in rates volume.
July 13th
MarketAxess Holdings launched Dealer Direct. This is a tool that will allow the dealers to stream Axes to clients with customized visibility controls. This means fewer information leaks and greater confidentiality. All of this is available through a single screen access on their trading platform.
It’s a very simple and straightforward process to getting started and owning a share of MarketAxess. Our step by step guide below will show you just how easy.
1. Pick a share trading platform.
We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).
2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.
3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.
4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.
5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.
And that’s it, you’re now a shareholder. Congratulations!
We’ve compared the top trading platforms side by side, so you don’t have to. Choose the platform that suits your needs best.
Award winning, advanced trading platform.
ASSETS
Stocks, Options, ETFs, Futures
STOCK TRADE FEE
$0
OPTION TRADE FEE
$0 + $1 per contract OR
$2.50 per contract
ANNUAL FEE
0%
GO TO BROKER
Very low fees plus a cash bonus offering.
ASSETS
Stocks, Options, Bonds, ETFs, Forex, Mutual funds
STOCK TRADE FEE
$0
OPTION TRADE FEE
$0 + $0.50 per contract
ANNUAL FEE
0%
GO TO BROKER
No commission, forex fees or account minimums.
ASSETS
Stocks, Options, ETFs, Cryptocurrencies
STOCK TRADE FEE
$0
OPTION TRADE FEE
$0
ANNUAL FEE
0%
GO TO BROKER
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