MarketAxess Holdings (MKTX) Reports In-Line Q1 EPS

MarketAxess Holdings (NASDAQ: MKTX) reported Q1 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $63.4 million versus the consensus estimate of $65.58 million.

"Trading volumes were very strong this quarter with record quarterly average daily volume in U.S. high-grade and other credit products. Client trading momentum was evident in both the U.S. and Europe in spite of the robust new issue calendar and the reduction of credit spreads and yields during the quarter," said Rick McVey, Chairman and Chief Executive Officer of MarketAxess. "New solutions on the trading system continue to gain traction, and our integration of the Xtrakter business is on track in Europe."

For earnings history and earnings-related data on MarketAxess Holdings (MKTX) click here.

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