MKTX news

MarketAxess reported Q3 2026 revenue of $210.4 million, driven by double-digit growth in services and block trading ADV. Diluted EPS was $1.53, reflecting strong client adoption and continued expense discipline.

The company reported record revenue and block trading volumes amid continued strategic progress. Later in the day, it announced it is being acquired by Intercontinental Exchange for $71.00 per share in all-cash.

Marketaxess Holdings has entered into an agreement to be acquired by Intercontinental Exchange in a strategic move to integrate the electronic trading platform services into the ICE's Financial Information Services unit, enhancing the broader financial technology and data landscape.

ICE announced a merger agreement with Marketaxess under which ICE will acquire the company for $190 per share. The deal, structured as a stock-for-stock transaction valued at approximately $3.6 billion, will enhance ICE's role in the financial technology and electronic trading sectors.