Exhibit 99.1
MARKETAXESS COMPLETES ACQUISITION OF LIQUIDITYEDGE
NEW YORK, November 4, 2019 – MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed income securities, and the provider of market data and post-trade services for the global fixed-income markets, has completed its previously announced acquisition of LiquidityEdge, a leading provider of an electronic U.S. Treasuries marketplace.
The acquisition was completed on November 1, 2019 following approval from the necessary regulatory authorities. The purchase price is approximately $150 million, including $100 million in cash and 146,450 shares of MarketAxess common stock, subject to customary purchase price adjustments.
Chris Concannon, President and Chief Operating Officer of MarketAxess, commented, “We’re thrilled to welcome the LiquidityEdge team to MarketAxess and look forward to the expansion of our fixed income trading capabilities to include U.S. Treasuries. We see a strategic opportunity to grow LiquidityEdge’s existingdealer-to-dealer business by building custom,dealer-to-client connections, which we hope to launch in the first half of 2020. Additionally, the acquisition supports the further expansion of our Treasury hedging capabilities, with the first phase of these enhancements set to launch in the coming weeks. These projects are just a few examples of the value we see LiquidityEdge adding to the trading experience of our global institutional investor and dealer client base.”
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About MarketAxess
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed income markets. A record $1.7 trillion of U.S. investment-grade bonds, U.S. high yield bonds, emerging market debt, Eurobonds and other fixed income securities traded through MarketAxess’ patented trading technology in 2018. The global community of 1,600 firms trading on MarketAxess today include the world’s leading asset managers and institutional broker-dealers. MarketAxess’ award-winning Open Trading™ marketplace is regarded as the preferredall-to-all trading solution in the global credit markets, creating a unique liquidity pool for a broad range of credit market participants. Drawing on its deep data and analytical resources, MarketAxess enables automated trading solutions and, through its Trax® division, provides a range ofpre- and post-trade services and products.
MarketAxess is headquartered in New York and has offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami, Salt Lake City, San Francisco, São Paulo, Hong Kong and Singapore. For more information, please visitwww.marketaxess.com.
About LiquidityEdge
LiquidityEdge, a MarketAxess company, offers an alternative trading model for the U.S. Treasury market with a choice of custom, relationship-based execution models. With LiquidityEdge’s leading technology, institutional investor and dealer clients have greater control over their trading strategy with access toone-to-one ormany-to-many trading models, facilitating a combination of anonymous and disclosed streaming of executable prices while creating a personalized order book for each participant.
Founded in 2015, LiquidityEdge is an SEC registered broker-dealer and member of FINRA and SIPC. LiquidityEdge is headquartered in New York and has an office in London. For more information, please visit:www.marketaxess.com/trade/us-treasuries.