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Opinions Chris Blumas
MarketAxess MKTXDON'T BUYFeb 16, 2022
Traditionally, bonds were sold over the phone. This was inefficient. Their specialty is corporate bonds, but they do them all, domestic and emerging. Platform has been very successful, spectacular revenue growth. Business economics and balance sheet are phenomenal. Strong management. Problem is it's a tech company. Competitor has gained market share quickly. 2021 revenue growth muted. He's paused on the sector and this company.
$371.73
Stock price when the opinion was issued
$120.89
As of Jun 12, 2026. Market Open.
Financial Services
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
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BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
The company's business is more dependent on volume rather than pricing, but estimates do call for higher earnings this year and next year. It has no debt and some cash and its Q1 was better than expected. We think it looks decent today but its high valuation (36X earnings) likely holds off some investors.
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Financial Services
BUY
This thrived during Covid lockdowns last year when MKTX's digital bond trading replaced the long tradition of doing it manually (70% of corporate bonds were before Covid). A great stock and soared in 2020, but it's stalled lately as the world expects a reopening. If you think bond traders will stay digital, this is a great long-term story.
Financial Services
