ADDED
The registrant had 37,416,106 shares of common stock, 4,627,097 of which were held by affiliates, outstanding on that date.
(the Company or MarketAxess ) operates leading electronic trading platforms delivering greater trading efficiency, a diversified pool of liquidity and significant cost savings to approximately 2,100 institutional investor and broker-dealer clients across the global fixed-income and other markets.
We have built a differentiated market position through our integrated approach to electronic trading, combining diverse trading protocols, automated and algorithmic execution solutions, intelligent data products and analytics and comprehensive post-trade and technology services.
The fixed-income markets we focus on remain significantly less electronified than other asset classes, creating significant opportunities for continued growth.
We believe our scale, network effects, and product innovation uniquely position us to capture increased trading volumes as the market continues its transition from voice to electronic trading.
At the center of our offerings is Open Trading , our award winning all-to-all marketplace, which creates a unique, anonymous liquidity pool that connects market participants across a broad range of fixed-income products.
By expanding the number of potential trading counterparties, we believe that Open Trading facilitates price discovery, improves execution quality, and reduces transaction costs for market participants.
Institutional investors can also send trading inquiries directly to broker-dealer counterparties on a disclosed basis, while simultaneously accessing the rest of the market on an anonymous basis through Open Trading.
Our next-generation trading platform, MarketAxess X-Pro ( X-Pro ), provides access to multiple trading protocols and workflow tools and integrates our suite of proprietary pre- and post-trade data and analytics tools, powered by our AI-driven pricing engine, CP+, to deliver a seamless user experience.
Our automated execution protocols enable clients to pre-define trading parameters and leverage automation to execute transactions seamlessly and efficiently, reducing manual intervention and allowing traders to focus on higher-value opportunities.
REMOVED
The registrant had 37,783,610 shares of common stock, 5,383,271 of which were held by affiliates, outstanding on that date.
(the Company or MarketAxess ) operates leading electronic trading platforms delivering greater trading efficiency, a diversified pool of liquidity and significant cost savings to our clients across the global fixed-income markets.
Approximately 2,100 institutional investor and broker-dealer firms use our patented trading technology to efficiently trade U.S.
We leverage our 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 our robust network of platform participants.
Our award-winning all-to-all Open Trading marketplace ( Open Trading ) is widely regarded as the preferred all-to-all trading solution in the global credit markets, creating a unique liquidity pool for a broad range of credit market participants.
We provide automated and algorithmic trading solutions that we believe, when combined with our integrated and actionable data offerings, help our clients make faster, better-informed decisions on when and how to trade on our platforms.
In 2024, we continued our roll-out of MarketAxess X-Pro ( X-Pro ), our newest trading platform, to more seamlessly combine our trading protocols with our proprietary data and pre-trade analytics.
Our artificial intelligence ( AI ) driven technology, such as CP+ , our real-time pricing engine, is a critical data input and pricing source for multiple MarketAxess trading protocols and solutions, including Auto-X and portfolio trading.
In 2024, we leveraged our recent acquisition of Pragma LLC and Pragma Financial Systems LLC (collectively, Pragma ), a quantitative trading technology provider specializing in algorithmic and analytical trading services, to accelerate our development of AI-driven execution algorithms across all of our key product areas.
We also provide a number of integrated and actionable data offerings, including CP+ and Axess All , to assist clients with real-time pricing and trading decisions and transaction cost analysis.