Third Quarter Financial Highlights*
Record revenues of $131.6 million, up 30%Record operating income of $66.0 million, up 42%Record diluted EPS of $1.42, up 39% from $1.02Record trading volume of $528.7 billion, up 37%Record Open TradingTM volume of $141.7 billion, up 61%Record estimated U.S. high-grade market share of 20.2%*All comparisons versus third quarter 2018.NEW YORK, Oct. 23, 2019 (GLOBE NEWSWIRE) — MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced results for the quarter ended September 30, 2019.“Broad-based growth in trading volumes across all major products and geographic regions drove record results in the third quarter as dealers and investors continue to embrace new solutions for credit trading automation,” said Rick McVey, Chairman and CEO of MarketAxess. “In addition to the acceleration of growth in current products, we are excited about new growth opportunities in U.S. Treasury trading, portfolio trading and Live Markets. Our investment in new technology solutions and products for our clients continues to grow while at the same time we produced operating margins in excess of 50% during the third quarter.” Third Quarter Results
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