MKTX · 10-Q · 2026Q2 · Full report

Products and Technology

MARKETAXESS HOLDINGS INC · 2026-08-07 · Importance 31 · Surprise 42

MarketAxess’s X-Pro platform combines multiple trading protocols, workflow tools, proprietary pre- and post-trade analytics, and the AI-driven CP+ pricing engine. Open Trading provides an anonymous all-to-all liquidity pool, while automated and algorithmic execution protocols allow clients to predefine parameters and reduce manual intervention. The company reports continued demand and growth for automated and algorithmic trading solutions as electronic trading expands across global credit products, alongside a large and growing base of dealer market-making algorithms.

Key facts

• The Company stated it is prioritizing the use of proprietary data to power AI-driven trading solutions and analytical products and generates information services revenue from data licensed to clients. source
• The Company’s next-generation trading platform is MarketAxess X-Pro (“X-Pro”) and it integrates proprietary pre- and post-trade data and analytics tools powered by the AI-driven pricing engine CP+. source
• Open Trading® is the Company's all-to-all marketplace that creates an anonymous liquidity pool connecting participants across fixed-income products. source