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What smart money is saying about MarketAxess Holdings Inc.United States flag

MKTX · Financial Services · Financial - Capital Markets · Market cap $6.62B

2 funds in our archive have pitched MarketAxess Holdings Inc. — most recently Heartland Mid Cap Value Fund in December 2025.

Company profile

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.

Fund coverage · 2 theses

  • Heartland Mid Cap Value Fund
    December 2025

    MarketAxess Holdings is the leading U.S. electronic corporate bond trading platform with strong margins, renewed share gains under new leadership, international growth opportunities, and a valuation discount relative to exchange peers.

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  • LRT Capital Management
    June 2025

    MarketAxess Holdings Inc. is a leader in electronic trading of fixed-income securities, leveraging a self-reinforcing network effect and advanced technology to enhance transparency, liquidity, and efficiency in the corporate bond market.

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