MarketAxess April 2026 Trading Volume Insights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 41 minutes ago
0mins
Should l Buy MKTX?
Source: Newsfilter
- Volume Decline: In April 2026, MarketAxess reported total trading volume of $869.13 billion, reflecting a 28% year-over-year decline primarily due to reduced market volatility and tighter credit spreads, indicating challenges faced in the fixed-income market.
- Market Share Changes: Despite the difficulties, MarketAxess achieved a market share of 20.2% in U.S. high-grade credit portfolio trading, up from 19.6% a year earlier, demonstrating potential growth amidst competitive pressures.
- Client-Initiated Channel: The average daily volume (ADV) for client-initiated block trading fell 12% to $5.1 billion, with U.S. credit block ADV down 21% to $3.0 billion, suggesting weakened client demand that may impact future revenue growth.
- Dealer-Initiated Channel: Dealer-initiated ADV was $1.7 billion, an 11% decline year-over-year, while Mid-X trading volume reached $6.7 billion, a 156% increase from the previous year, indicating strong performance in specific trading modes that could support future business development.
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Analyst Views on MKTX
Wall Street analysts forecast MKTX stock price to rise
8 Analyst Rating
3 Buy
4 Hold
1 Sell
Hold
Current: 154.890
Low
167.00
Averages
194.43
High
225.00
Current: 154.890
Low
167.00
Averages
194.43
High
225.00
About MKTX
MarketAxess Holdings Inc. operates electronic trading platforms. The Company offers end-to-end trading solutions, including the operation of electronic platforms for the trading of fixed-income and other securities and related data, analytics compliance tools, post-trade services, automated trading services and technology services. The Company provides an Open Trading marketplace which offers an all-to-all trading solution in the global credit markets, creating a liquidity pool for a range of credit market participants. It leverages its diverse set of trading protocols, automated and algorithmic trading solutions, intelligent data and index products and a range of post-trade services to provide an end-to-end trading solution to its robust network of platform participants. The Company also provides several integrated and actionable data offerings, including CP+ and Axess All, to assist clients. Its RFQ-hub platform is a bilateral multi-asset and multi-dealer request for quote platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MarketAxess April 2026 Trading Volume Insights
- Volume Decline: In April 2026, MarketAxess reported total trading volume of $869.13 billion, reflecting a 28% year-over-year decline primarily due to reduced market volatility and tighter credit spreads, indicating challenges faced in the fixed-income market.
- Market Share Changes: Despite the difficulties, MarketAxess achieved a market share of 20.2% in U.S. high-grade credit portfolio trading, up from 19.6% a year earlier, demonstrating potential growth amidst competitive pressures.
- Client-Initiated Channel: The average daily volume (ADV) for client-initiated block trading fell 12% to $5.1 billion, with U.S. credit block ADV down 21% to $3.0 billion, suggesting weakened client demand that may impact future revenue growth.
- Dealer-Initiated Channel: Dealer-initiated ADV was $1.7 billion, an 11% decline year-over-year, while Mid-X trading volume reached $6.7 billion, a 156% increase from the previous year, indicating strong performance in specific trading modes that could support future business development.
See More
MarketAxess and Moment Enhance Liquidity Access for Wealth Managers
- Enhanced Liquidity Access: The partnership between MarketAxess and Moment enables large wealth managers and registered investment advisors to access liquidity from over 2,100 institutional investors directly on the Moment platform, significantly improving pricing outcomes for retail fixed-income investors.
- Market Integration Innovation: Moment's platform seamlessly integrates retail order-driven markets with traditional institutional RFQ markets, allowing clients to tap into a fundamentally deeper fixed-income market, enhancing execution quality and competitive positioning.
- Expanded Client Base: Moment's clients manage over $10 trillion in assets, including prominent wealth platforms like LPL Financial and Edward Jones, and this collaboration is expected to further solidify its market position in wealth management.
- Strategic Implications: By extending institutional liquidity to retail investors, the collaboration between MarketAxess and Moment not only helps bridge the gap between retail and institutional fixed-income markets but also lays the groundwork for future market development.
See More
MarketAxess to Announce Q1 2026 Financial Results
- Earnings Release Schedule: MarketAxess Holdings Inc. will announce its Q1 2026 financial results on May 7, 2026, before market open, reflecting the company's commitment to transparency and investor communication.
- Executive Conference Call: CEO Chris Concannon and CFO Ilene Fiszel Bieler will host a conference call at 10:00 AM ET on the same day to provide a strategic update and discuss financial results, aiming to bolster investor confidence.
- Conference Call Access Information: Investors can join the call by dialing +1-800-715-9871 for U.S. or +1-646-307-1963 for international access, using ID 1832176, ensuring broad dissemination of information.
- Webcast and Archiving: The company will offer a live audio webcast of the conference call on its Investor Relations website, with an archive available for 90 days post-announcement, further enhancing information accessibility and transparency.
See More
Investment Analysis of Financial Sector Stocks
- Market Performance Analysis: The financial sector's 2.2% return over the past six months lags the S&P 500 by 2.3 percentage points, indicating that economic uncertainty is dampening market sentiment, prompting investors to be cautious in their selections.
- MarketAxess Stock Evaluation: MarketAxess (MKTX) has a market cap of $6.01 billion, with a mere 4.2% annual revenue growth over the past five years and a 1.3% annual decline in earnings per share, suggesting insufficient profitability and advising investors to steer clear.
- NerdWallet Investment Opportunity: NerdWallet (NRDS), with a market cap of $731.3 million, boasts an impressive 27.8% annual revenue growth over the last five years, enhanced by share buybacks that boosted earnings per share, currently trading at $10.92 with a forward P/E of 7.9, making it a stock to watch.
- Enova Stock Potential: Enova (ENVA), valued at $4.06 billion, has achieved a 23.8% annual revenue growth over the past five years and a remarkable 38% annual earnings per share growth, indicating strong financial performance, currently priced at $162.81 with a forward P/E of 9.9, making it a worthy investment consideration.
See More
MarketAxess Projects 35% Growth in Block Trading for Q1 2026
- Block Trading Growth Outlook: MarketAxess anticipates a 35% year-over-year increase in average daily volume for block trading, reaching $6.6 billion in Q1 2026, indicating effective expansion of trading capabilities amid rising market demand.
- Portfolio Trading Surge: The company expects a 51% increase in total portfolio trading average daily volume to $1.9 billion, which will enhance its competitive position and attract more clients in a growing market.
- Dealer-Initiated ADV Increase: Dealer-initiated average daily volume rose 3% year-over-year to $1.9 billion, reflecting sustained demand for liquidity among market participants despite challenges in the overall market environment.
- Fee Structure Changes: While total credit fees per million declined year-over-year due to protocol and product mix, the increase in total rates fees per million was primarily driven by changes in client mix, showcasing the company's efforts to optimize its revenue structure.
See More
MarketAxess Reports Record Trading Volumes in Q1 2026
- Volume Growth: In March 2026, MarketAxess reported a total credit average daily volume (ADV) of $19.86 billion, reflecting a 12% year-over-year increase, which underscores the company's robust performance in the fixed-income market and solidifies its market leadership.
- Client-Initiated Channel Performance: The client-initiated block trading ADV surged 23% to $7.0 billion, with record U.S. credit block ADV reaching $4.1 billion, indicating sustained strong client demand that is likely to drive revenue growth for the company.
- Portfolio Trading Channel Breakthrough: Total portfolio trading ADV increased by 48% to a record $2.3 billion, including a remarkable 119% growth in U.S. high-yield ADV to $487 million, showcasing the company's strong appeal in the high-yield bond market and potential for increased market share.
- Dealer-Initiated Channel Stability: Dealer-initiated ADV reached $2.1 billion, down 3% year-over-year, yet total market trading volume surged 163% to $17.5 billion, indicating heightened market activity that could present more trading opportunities for the company.
See More
MarketAxess April 2026 Trading Volume Insights
- Volume Decline: In April 2026, MarketAxess reported total trading volume of $869.13 billion, reflecting a 28% year-over-year decline primarily due to reduced market volatility and tighter credit spreads, indicating challenges faced in the fixed-income market.
- Market Share Changes: Despite the difficulties, MarketAxess achieved a market share of 20.2% in U.S. high-grade credit portfolio trading, up from 19.6% a year earlier, demonstrating potential growth amidst competitive pressures.
- Client-Initiated Channel: The average daily volume (ADV) for client-initiated block trading fell 12% to $5.1 billion, with U.S. credit block ADV down 21% to $3.0 billion, suggesting weakened client demand that may impact future revenue growth.
- Dealer-Initiated Channel: Dealer-initiated ADV was $1.7 billion, an 11% decline year-over-year, while Mid-X trading volume reached $6.7 billion, a 156% increase from the previous year, indicating strong performance in specific trading modes that could support future business development.
See More
MarketAxess and Moment Enhance Liquidity Access for Wealth Managers
- Enhanced Liquidity Access: The partnership between MarketAxess and Moment enables large wealth managers and registered investment advisors to access liquidity from over 2,100 institutional investors directly on the Moment platform, significantly improving pricing outcomes for retail fixed-income investors.
- Market Integration Innovation: Moment's platform seamlessly integrates retail order-driven markets with traditional institutional RFQ markets, allowing clients to tap into a fundamentally deeper fixed-income market, enhancing execution quality and competitive positioning.
- Expanded Client Base: Moment's clients manage over $10 trillion in assets, including prominent wealth platforms like LPL Financial and Edward Jones, and this collaboration is expected to further solidify its market position in wealth management.
- Strategic Implications: By extending institutional liquidity to retail investors, the collaboration between MarketAxess and Moment not only helps bridge the gap between retail and institutional fixed-income markets but also lays the groundwork for future market development.
See More
MarketAxess to Announce Q1 2026 Financial Results
- Earnings Release Schedule: MarketAxess Holdings Inc. will announce its Q1 2026 financial results on May 7, 2026, before market open, reflecting the company's commitment to transparency and investor communication.
- Executive Conference Call: CEO Chris Concannon and CFO Ilene Fiszel Bieler will host a conference call at 10:00 AM ET on the same day to provide a strategic update and discuss financial results, aiming to bolster investor confidence.
- Conference Call Access Information: Investors can join the call by dialing +1-800-715-9871 for U.S. or +1-646-307-1963 for international access, using ID 1832176, ensuring broad dissemination of information.
- Webcast and Archiving: The company will offer a live audio webcast of the conference call on its Investor Relations website, with an archive available for 90 days post-announcement, further enhancing information accessibility and transparency.
See More
Investment Analysis of Financial Sector Stocks
- Market Performance Analysis: The financial sector's 2.2% return over the past six months lags the S&P 500 by 2.3 percentage points, indicating that economic uncertainty is dampening market sentiment, prompting investors to be cautious in their selections.
- MarketAxess Stock Evaluation: MarketAxess (MKTX) has a market cap of $6.01 billion, with a mere 4.2% annual revenue growth over the past five years and a 1.3% annual decline in earnings per share, suggesting insufficient profitability and advising investors to steer clear.
- NerdWallet Investment Opportunity: NerdWallet (NRDS), with a market cap of $731.3 million, boasts an impressive 27.8% annual revenue growth over the last five years, enhanced by share buybacks that boosted earnings per share, currently trading at $10.92 with a forward P/E of 7.9, making it a stock to watch.
- Enova Stock Potential: Enova (ENVA), valued at $4.06 billion, has achieved a 23.8% annual revenue growth over the past five years and a remarkable 38% annual earnings per share growth, indicating strong financial performance, currently priced at $162.81 with a forward P/E of 9.9, making it a worthy investment consideration.
See More
MarketAxess Projects 35% Growth in Block Trading for Q1 2026
- Block Trading Growth Outlook: MarketAxess anticipates a 35% year-over-year increase in average daily volume for block trading, reaching $6.6 billion in Q1 2026, indicating effective expansion of trading capabilities amid rising market demand.
- Portfolio Trading Surge: The company expects a 51% increase in total portfolio trading average daily volume to $1.9 billion, which will enhance its competitive position and attract more clients in a growing market.
- Dealer-Initiated ADV Increase: Dealer-initiated average daily volume rose 3% year-over-year to $1.9 billion, reflecting sustained demand for liquidity among market participants despite challenges in the overall market environment.
- Fee Structure Changes: While total credit fees per million declined year-over-year due to protocol and product mix, the increase in total rates fees per million was primarily driven by changes in client mix, showcasing the company's efforts to optimize its revenue structure.
See More
MarketAxess Reports Record Trading Volumes in Q1 2026
- Volume Growth: In March 2026, MarketAxess reported a total credit average daily volume (ADV) of $19.86 billion, reflecting a 12% year-over-year increase, which underscores the company's robust performance in the fixed-income market and solidifies its market leadership.
- Client-Initiated Channel Performance: The client-initiated block trading ADV surged 23% to $7.0 billion, with record U.S. credit block ADV reaching $4.1 billion, indicating sustained strong client demand that is likely to drive revenue growth for the company.
- Portfolio Trading Channel Breakthrough: Total portfolio trading ADV increased by 48% to a record $2.3 billion, including a remarkable 119% growth in U.S. high-yield ADV to $487 million, showcasing the company's strong appeal in the high-yield bond market and potential for increased market share.
- Dealer-Initiated Channel Stability: Dealer-initiated ADV reached $2.1 billion, down 3% year-over-year, yet total market trading volume surged 163% to $17.5 billion, indicating heightened market activity that could present more trading opportunities for the company.
See More
