Marketaxess Holdings, Inc. · NASDAQ:MKTX
Marketaxess — Merger or Acquisition (August 2019)
6 slides from Marketaxess's merger presentation, Aug 13, 2019
Slide 1: Acquisition of LiquidityEdge
Acquisition of LiquidityEdge August 13th, 2019
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking statements, including statements about the outlook and prospects for Company and industry growth, as well as statements about the Company’s future financial and operating performance. These and other statements that relate to f
Slide 3: Transaction Highlights
Transaction Highlights TRANSACTION OVERVIEW: • MarketAxess Holdings Inc. (“MKTX”) announces the acquisition of LiquidityEdge LLC (“LiquidityEdge”), a fast-growing electronic U.S. Treasury trading venue that launched in 2015 • LiquidityEdge offers a direct streaming U.S. Treasury platform of both on
Slide 4: Strategic Rationale
Strategic Rational • Provides entry into the U.S. Treasury market via an established player with growing market share and broad connectivity Diversify • U.S. Treasury market is a natural extension of MarketAxess’ core credit market with significant Trading client overlap and sizeable cross-selling o
Slide 5: U.S. Treasury Market Dynamic
U.S. Treasury Market Dynamic LIQUIDITYEDGE U.S. TREASURY AVERAGE DAILY VOLUME 60% Q2 YoY Growth $16 Average Daily Volume ($ in billions) $14 $12 $10 $8 $6 $4 $2 -- 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 GREENWICH ASSOCIATES SURVEY: ESTIMATED U.S. TREASURY GREENWICH ASS
Slide 6: Now you're in the market
\Y, aN Now you're in the market”
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