MarketAxess Becomes First Platform to Provide Fully Electronic Workflow for the Trading of Indian Government Bonds to International Investors
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the launch of the first fully electronic trading solution for Indian Government Bonds (IGBs) for Foreign Portfolio Investors (FPIs).
MarketAxess announced the launch of the first fully electronic trading solution for Indian Government Bonds for Foreign Portfolio Investors.
International investors will, for the first time, be able to trade IGBs electronically alongside 29 other local currency bond markets already available via the MarketAxess trading platform. The new solution will provide both FPIs and market makers with an enhanced trading experience throughout the entire trade lifecycle.
'We're delighted to be the first platform to be able to bring this new trading capability to international investors. By integrating directly with the NDS-OM system operated by the Clearing Corporation of India Limited, our solution is designed to increase efficiency across the entire trading workflow, from pre-trade allocation to post-trade reporting,' said Riad Chowdhury, Head of Asia-Pacific at MarketAxess. 'Global emerging markets are well-positioned for increased innovation and international investment—as evidenced by India's recent addition to notable global EM indices—and we are excited to support both with this launch.'
In 2024, MarketAxess reported annual trading volumes of nearly $860bn for its Emerging Markets business. MarketAxess has also been recognized as the 'Best Secondary Market Trading Platform for Emerging Market Bonds' by GlobalCapital for the past two years.
For more information on the IGB trading solution and its availability, please visit: https://www.marketaxess.com/trade/emerging-markets
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including statements about the outlook and prospects for the Company, market conditions and industry growth, as well as statements about the Company's future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess' current expectations. The Company's actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; the level of trading volume transacted on the MarketAxess platform; the rapidly evolving nature of the electronic financial services industry; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our ability to introduce new fee plans and our clients' response; our ability to attract clients or adapt our technology and marketing strategy to new markets; risks related to our growing international operations; our dependence on our broker-dealer clients; the loss of any of our significant institutional investor clients; our exposure to risks resulting from non-performance by counterparties to transactions executed between our clients in which we act as an intermediary in matched principal trades; risks related to self-clearing; risks related to sanctions levied against states or individuals that could expose us to operational or regulatory risks; the effect of rapid market or technological changes on us and the users of our technology; issues related to the development and use of artificial intelligence; our dependence on third-party suppliers for key products and services; our ability to successfully maintain the integrity of our trading platform and our response to system failures, capacity constraints and business interruptions; the occurrence of design defects, errors, failures or delays with our platforms, products or services; our vulnerability to malicious cyber-attacks and attempted cybersecurity breaches; our actual or perceived failure to comply with privacy and data protection laws; our ability to protect our intellectual property rights or technology and defend against intellectual property infringement or other claims; our use of open-source software; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our dependence on our management team and our ability to attract and retain talent; limitations on our flexibility because we operate in a highly regulated industry; the increasing government regulation of us and our clients; risks related to the divergence of U.K. and European Union legal and regulatory requirements following the U.K.'s exit from the European Union; our exposure to costs and penalties related to our extensive regulation; our risks of litigation and securities laws liability; our tax filing positions; the effects of climate change or other sustainability risks that could affect our operations or reputation; our future capital needs and our ability to obtain capital when needed; limitations on our operating flexibility contained in our credit agreement; our exposure to financial institutions by holding cash in excess of federally insured limits; and other factors. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. More information about these and other factors affecting MarketAxess' business and prospects is contained in MarketAxess' periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com.
About MarketAxess
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Approximately 2,100 firms leverage MarketAxess' patented technology to efficiently trade fixed-income securities. Our automated and algorithmic trading solutions, combined with our integrated and actionable data offerings, help our clients make faster, better-informed decisions on when and how to trade on our platform. MarketAxess' award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Those who invested in Automatic Data Processing (NASDAQ:ADP) five years ago are up 135%
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you can make far more than 100% on a really good stock. For example, the Automatic Data Processing, Inc. (NASDAQ:ADP) share price has soared 112% in the last half decade. Most would be very happy with that. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During five years of share price growth, Automatic Data Processing achieved compound earnings per share (EPS) growth of 11% per year. This EPS growth is lower than the 16% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). Dive deeper into Automatic Data Processing's key metrics by checking this interactive graph of Automatic Data Processing's earnings, revenue and cash flow. It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Automatic Data Processing, it has a TSR of 135% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments! It's good to see that Automatic Data Processing has rewarded shareholders with a total shareholder return of 26% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 19% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. Before spending more time on Automatic Data Processing it might be wise to click here to see if insiders have been buying or selling shares. For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
42 minutes ago
- Yahoo
Those who invested in LPL Financial Holdings (NASDAQ:LPLA) five years ago are up 437%
Buying shares in the best businesses can build meaningful wealth for you and your family. And we've seen some truly amazing gains over the years. Just think about the savvy investors who held LPL Financial Holdings Inc. (NASDAQ:LPLA) shares for the last five years, while they gained 422%. And this is just one example of the epic gains achieved by some long term investors. It's also good to see the share price up 11% over the last quarter. But this move may well have been assisted by the reasonably buoyant market (up 5.3% in 90 days). Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During five years of share price growth, LPL Financial Holdings achieved compound earnings per share (EPS) growth of 15% per year. This EPS growth is slower than the share price growth of 39% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Dive deeper into the earnings by checking this interactive graph of LPL Financial Holdings' earnings, revenue and cash flow. It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of LPL Financial Holdings, it has a TSR of 437% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! It's nice to see that LPL Financial Holdings shareholders have received a total shareholder return of 36% over the last year. That's including the dividend. Having said that, the five-year TSR of 40% a year, is even better. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should be aware of the 2 warning signs we've spotted with LPL Financial Holdings . If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Chime versus SoFi: Which Is the Better Fintech Stock Right Now?
Chime operates an online banking platform that is similar to SoFi. SoFi is acquiring new members, increasing revenue, and accelerating profit at a pace superior to the competition. 10 stocks we like better than SoFi Technologies › It's been a hot couple of weeks for the fintech sector. Digital banking platform (NASDAQ: CHYM) and stablecoin operator Circle (NYSE: CRCL) both completed initial public offerings (IPOs) in which shares of both companies soared. While artificial intelligence (AI) is still the biggest megatrend fueling the stock market right now, the back-to-back IPOs from Circle and Chime have brought some renewed interest to the financial services arena. Given the overlapping business models of Chime and SoFi Technologies (NASDAQ: SOFI), another budding neobank, investors may be wondering which stock is the better buy right now. Let's assess Chime and SoFi from both an operational and valuation perspective. After doing so, I think smart investors will be able to determine a clear winner between the two digital banking platforms. SoFi offers many of the same financial services products that you may see at traditional banks. By offering lending, insurance, and investment management, SoFi has proven that it can compete with legacy banking providers by offering a similar, diversified portfolio of products. The main differentiator between SoFi and most of its competitors is that the company operates entirely online and lacks physical brick-and-mortar infrastructure. By creating a one-stop shop for financial services, SoFi is offering a level of convenience that is hard to match. In turn, SoFi is not only able to keep its customers loyal to the platform, but also has leveraged its comprehensive ecosystem by cross-selling additional services to existing members. SoFi refers to this strategy as its financial services productivity loop -- essentially building a model in which the lifetime value of customers increases over time, ultimately creating a competitive advantage over incumbent providers. At the end of the first quarter, SoFi boasted 10.9 million customers on its platform that use a total of 15.9 million products. This implies that each user in SoFi's network is using 1.4 products on average. As the chart above illustrates, SoFi's business model is paying off in spades, underscored by accelerating revenue growth and a transition to consistent profitability. While SoFi's business is rocking, Chime doesn't appear too far behind. In the table below, I've summarized a number of financial metrics and key performance indicators for SoFi and Chime. Category SoFi Chime Revenue -- Trailing 12-month ($) $2.8 billion $1.8 billion Members 10.9 million 8.6 million 3-year membership compound annual growth rate (CAGR) 41.3% 22.3% Net income (Trailing 12-Months) $482 million ($28.3) million Market capitalization (as of June 18) $17 billion $10.6 billion Data source: SoFi Investor Relations and Chime S-1 Filing. The obvious takeaway from the figures above is that SoFi is a larger business than Chime in terms of revenue. This is not entirely surprising, given that SoFi's platform boasts more than 2 million more members than Chime. The more subtle factor that I'd like to point out is that SoFi is far more profitable than Chime. Perhaps the biggest contributor to SoFi's profitability profile is the rate at which it is acquiring new members relative to the competition. Per the table above, SoFi's three-year compound annual growth rate (CAGR) for user acquisition is almost double that of Chime's. By onboarding more users, SoFi has been able to more quickly monetize these members and command superior unit economics compared to its peers. While Chime's growth is impressive, the company lags behind SoFi on a number of critical metrics. While I suspect that Chime may see a brief uptick in its operations thanks to the notoriety that came with the IPO, I question if the company will ever eclipse SoFi's size. Although SoFi is a bit pricey compared to traditional bank and financial services stocks based on its price-to-earnings (P/E) ratio, I think the shares deserve a premium due to the company's technology-first platform. I see SoFi growing into its valuation thanks to future earnings growth. If I had to choose between the two digital bank stocks explored here, I'd pick SoFi without thinking twice. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Adam Spatacco has positions in SoFi Technologies. The Motley Fool has positions in and recommends JPMorgan Chase and PayPal. The Motley Fool recommends Capital One Financial and recommends the following options: long January 2027 $42.50 calls on PayPal and short June 2025 $77.50 calls on PayPal. The Motley Fool has a disclosure policy. Chime versus SoFi: Which Is the Better Fintech Stock Right Now? was originally published by The Motley Fool Sign in to access your portfolio
