Expanding the Client Network
Operating Revenue ($MM)
Strong Track Record of Innovation and Expansion
Primary Dealer Liquidity Pool
Liquidity Pool Expanded to
Regional and Alternative Market
Makers
2000:
MarketAxess
launches first
web-based
credit trading
platform
2001:
Acquires
TradingEdge;
expands credit
offering to HY, EM
2003:
Surpasses
$100 billion in
annual
volume
2008:
Expands liquidity
pool with non-
primary and
specialist dealers
2011:
Surpasses
$500 billion in
annual
volume
$750
$600
$450
$300
$150
2000 - 2007
2001:
Launches European
Credit Trading
Platform
2004:
MarketAxess
completes IPO on
Nasdaq
$58MM
2008 - 2012
All to All Liquidity Pool
2013:
Launches
Open
Trading in US
Credit
2015:
2016:
Launches Surpasses $1
Open
Trading in
trillion in
annual
EU Credit
volume
2013-2020
2012:
Opens office
in São Paulo,
Brazil
2013:
Acquires Trax,
a post-trade
solution
provider
2015:
Opens
office in
Hong Kong
Lev. Loans
Operating Revenue ($MM)
GAAP EBITDA ($MM)
2017:
Launches
2020:
Announces
Open Trading Acquisition of
with Asian
Clients
MuniBrokers
2016:
Launches
Munis and
2019:
Acquires
LiquidityEdge to
expand into
UST
2020:
Announces
acquisition of
Regulatory
Reporting Hub
$750
$689MM
$600
$411MM $450
$300
$150
$9MM
$0
$0
2001 2002
2003 2004 2005 2006
2007
2008 2009 2010 2011
2012 2013 2014 2015 2016
2017
2018 2019 2020 2021
X Market Axess
4
GAAP EBITDA ($MM)View entire presentation