Earnings And MarginsMarketAxess expects the operating margin to expand 75-125 basis points per year, on average, over the period from expense discipline and operating leverage.
Market Share GrowthPortfolio trading volume increased by 47% year over year, with U.S. credit portfolio trading market share up by 400 basis points year over year.
Share RepurchaseThe company announced an increase in its share-repurchase authorization by $400 million, to $505 million in total.