EarningsMarketAxess reported adjusted EPS of $1.84 in the quarter, versus consensus of $1.70.
International ExpansionInternational expansion remains strong, and the company continues to make good progress on strategic initiatives.
Market ConditionsIncreased volatility and credit spread widening support MKTX's near-term volumes and earnings outlook, while newer protocol initiatives starting to show some traction underpin long-term growth outlook.