MarketAxess earnings miss, revenue solid as bond traders go electronic
MarketAxess Holdings
on Wednesday reported second-quarter earnings that fell short of
expectations on a jump in compensation costs, but revenue surged
to a record as traders continued to forgo investment-bank
middlemen to buy and sell bonds directly on electronic
platforms.
on Wednesday reported second-quarter earnings that fell short of
expectations on a jump in compensation costs, but revenue surged
to a record as traders continued to forgo investment-bank
middlemen to buy and sell bonds directly on electronic
platforms.
Posted by Reuters