Marketaxess Holdings, Inc. · NASDAQ:MKTX
Marketaxess — Barclays 23rd Annual Global Financial Services Conference (September 2025)
8 slides from Marketaxess's conference presentation, Sep 9, 2025
Slide 1: Barclays Global Financial Services Conference
Barclays Global Financial Services Conference Chris Concannon, CEO Ilene Fiszel Bieler, CFO
Slide 2: The challenge: growth in U.S. credit revenue
The challenge: growth in U.S. credit revenue MKTX U.S. Credit revenue growth has been challenged We have generated strong growth in Portfolio U.S. Credit Revenue Non-U.S. Credit Revenue Trading market share with lower economics $817.1M TOTAL REVENUE 18.1% $752.5M GROWTH MKTX U.S. CREDIT PORTFOLIO TR
Slide 3: A key driver of future growth: electronification of larger-sized trades
A key driver of future growth: electronification of larger-sized trades TRACE U.S. High-Grade Block ADV ( ≥ $5M Trade Size) Blocks as % of Total High-Grade TRACE AUTOMATION & TARGETED RFQ ARE "BRIDGING" THE GAP MKTX U.S. High-Grade Block ADV (≥ $5M Trade Size) % MKTX Block Market Share (est.) • Auto
Slide 4: Case study #1: U.S. high-grade
Case study #1: U.S. high-grade Automation is evolving from solution for odd lots, to gateway to larger-sized trades U.S. GLOBAL INVESTMENT MANAGER # U.S. HIGH-GRADE CLIENTS TRADING BLOCKS2 ( >1x per qtr. / trade size ≥$5M) • Large fixed-income asset manager wanted to improve trading desk efficiency
Slide 5: Case study #2: Eurobonds
Case study #2: Eurobonds Workflow & efficiency gains for clients looking to trade larger blocks on the platform # EUROBONDS CLIENTS TRADING BLOCKS1 ( >1x per qtr. / trade size ≥$5M) EUROPEAN GLOBAL INVESTMENT MANAGER 269 • Previously, client leveraged voice or chat for trading larger-sized trades, g
Slide 6: Case study #3: Emerging Markets
Case study #3: Emerging Markets Data-driven dealer selection driving better execution outcomes as trade size increases # EM CLIENTS TRADING BLOCKS1 ( >1x per qtr. / trade size ≥$5M) EUROPEAN GLOBAL INVESTMENT MANAGER 439 • Targeted RFQ, with proprietary analytics like our dealer selection tool, has
Slide 7: Slide 7
Slide 8: Disclosures
Disclosures ©2025 MarketAxess Holdings Inc. (the "Company"). MarketAxess Corporation is a member of FINRA and SIPC. MarketAxess Canada Company is a member of the Canadian Investment Regulatory Organization (CIRO). MarketAxess Europe Limited (04017160), MarketAxess Capital Limited (09777893), and Mar