MKTX · 10-Q · 2026Q2 · Full report

Trade Policy and Tariffs

MARKETAXESS HOLDINGS INC · 2026-08-07 · Importance 17 · Surprise 24

Management identifies recent and potential future changes in tariffs, international trade agreements and trade policies in the United States, Europe and other markets as factors that can materially affect fixed-income trading volumes. The filing does not quantify a tariff-related revenue or expense impact for the six months ended June 30, 2026. Market conditions during that period included event-driven volatility and elevated primary issuance, which contributed to increased estimated market volumes in most key markets compared with the prior year.