MarketAxess MKTX
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
MarketAxess (MKTX) Business Model and Operations Summary
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
Key Insights
MarketAxess (MKTX) Core Market Data and Business Metrics
Latest Closing Price
$207.17Market Cap
$7.79 BillionPrice-Earnings Ratio
36.03Total Outstanding Shares
37.50 Million SharesTotal Employees
891Current Dividend
$0.76 Per Share QuarterlyIPO Date
November 5, 2004SIC Description
Security Brokers, Dealers & Flotation CompaniesHeadquarters
55 Hudson Yards, 15th Floor, New York, NY, 10001