How to buy MarketAxess (MKTX) shares in Australia

Learn how to easily invest in MarketAxess shares.

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MarketAxess Holdings Inc (MKTX) is a leading capital markets business with stocks listed in the US. It opened the day at US$461.98 after a previous close of US$459.02. During the day the price has varied from a low of USD452.4573 to a high of USD465.15. The latest price was USD460.77 (25 minute delay). MarketAxess is listed on the NASDAQ. All prices are listed in US Dollars.

How to buy shares in MarketAxess

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for MarketAxess. Find the share by name or ticker symbol: MKTX. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until MarketAxess reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$459.02, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of MarketAxess, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of MarketAxess. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

MarketAxess stock price (NASDAQ:MKTX)

Use our graph to track the performance of MKTX stocks over time.

MarketAxess shares at a glance

Information last updated 2021-07-09.
OpenUS$461.98
HighUS$465.15
LowUS$452.4573
CloseUS$460.77
Previous closeUS$459.02
Change US$1.75
Change % 0.3812%
Volume 240,088
Information last updated 2022-01-15.
52-week rangeUS$341.5 - US$585.9281
50-day moving average US$384.3776
200-day moving average US$439.3482
Target priceUS$413.67
PE ratio 50.8263
Dividend yield US$2.58 (0.73%)
Earnings per share (TTM) US$7.31

Where to buy MarketAxess stock

Name Product Standard brokerage for US shares Currency conversion fee Markets
eToro (global stocks)
US$0
50 pips (US$0.50 for every AU$100 exchanged)
Global shares, US shares, ETFs
Zero brokerage share trading on US, Hong Kong and European stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
US$0
0.70%
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
US$0
50 pips (US$0.50 for every AU$100 exchanged)
ASX shares, US shares, ETFs
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
Saxo Capital Markets (Classic account)
US$4
1%
ASX shares, Global shares, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
SelfWealth (Basic account)
US$9.5
0.60%
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy MarketAxess stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

MarketAxess share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

MarketAxess price performance over time

Historical closes compared with the last close of $460.77

1 week (2022-01-12) 24.07%
1 month (2021-12-17) 12.27%
3 months (2021-10-19) 12.06%
6 months (2021-07-19) -0.41%
1 year (2021-01-19) -10.68%
2 years (2020-01-17) 24.85%
3 years (2019-01-18) 110.22%
5 years (2017-01-19) 196.83%

Is MarketAxess under- or over-valued?

Valuing MarketAxess stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of MarketAxess's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

MarketAxess's P/E ratio

MarketAxess's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 51x. In other words, MarketAxess shares trade at around 51x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

MarketAxess's PEG ratio

MarketAxess's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.4685. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into MarketAxess's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

MarketAxess's EBITDA

MarketAxess's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$401.9 million (£0.0 million).

The EBITDA is a measure of a MarketAxess's overall financial performance and is widely used to measure a its profitability.

MarketAxess financials

Revenue TTM US$705.2 million
Operating margin TTM 50.69%
Gross profit TTM US$498.1 million
Return on assets TTM 15.64%
Return on equity TTM 28.54%
Profit margin 39.51%
Book value 27.752
Market capitalisation US$14.1 billion

TTM: trailing 12 months

MarketAxess share dividends

35%

Dividend payout ratio: 35.44% of net profits

Recently MarketAxess has paid out, on average, around 35.44% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.73% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), MarketAxess shareholders could enjoy a 0.73% return on their shares, in the form of dividend payments. In MarketAxess's case, that would currently equate to about $2.58 per share.

While MarketAxess's payout ratio might seem fairly standard, it's worth remembering that MarketAxess may be investing much of the rest of its net profits in future growth.

MarketAxess's most recent dividend payout was on 16 November 2021. The latest dividend was paid out to all shareholders who bought their shares by 1 November 2021 (the "ex-dividend date").

MarketAxess share price volatility

Over the last 12 months, MarketAxess's shares have ranged in value from as little as US$341.5 up to US$585.9281. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while MarketAxess's is 0.3989. This would suggest that MarketAxess's shares are less volatile than average (for this exchange).

MarketAxess overview

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms worldwide. It offers the access to global liquidity in U.S. investment-grade bonds, U.S. high-yield bonds, U.S. Treasuries, municipal bonds, emerging market debt, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including Composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company offers a range of pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.

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