Ramsey Quantitative Systems Lowers stake in MarketAxess Holdings (MKTX)

MarketAxess Holdings (MKTX) : Ramsey Quantitative Systems reduced its stake in MarketAxess Holdings by 12.59% during the most recent quarter end. The investment management company now holds a total of 13,304 shares of MarketAxess Holdings which is valued at $1,669,120 after selling 1,916 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on May 2, 2016.MarketAxess Holdings makes up approximately 1.72% of Ramsey Quantitative Systems’s portfolio.

MarketAxess Holdings opened for trading at $124.11 and hit $125.8 on the upside on Friday, eventually ending the session at $125.46, with a gain of 0.84% or 1.05 points. The heightened volatility saw the trading volume jump to 2,29,247 shares. Company has a market cap of $4,713 M.

Other Hedge Funds, Including , Capital Fund Management S.a. sold out all of its stake in MKTX during the most recent quarter. The investment firm sold 5,300 shares of MKTX which is valued $664,938.Great West Life Assurance Co Can boosted its stake in MKTX in the latest quarter, The investment management firm added 11,400 additional shares and now holds a total of 14,712 shares of MarketAxess Holdings which is valued at $1,806,045. MarketAxess Holdings makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Metlife Securities Inc boosted its stake in MKTX in the latest quarter, The investment management firm added 6,718 additional shares and now holds a total of 6,776 shares of MarketAxess Holdings which is valued at $877,221. MarketAxess Holdings makes up approx 0.04% of Metlife Securities Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MKTX by selling 2,524 shares or 98.9% in the most recent quarter. The Hedge Fund company now holds 28 shares of MKTX which is valued at $3,625.

On the company’s financial health, MarketAxess Holdings reported $0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.79. The company had revenue of $88.60 million for the quarter, compared to analysts expectations of $88.99 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

MarketAxess Holdings Inc. (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data analytics compliance tools and post-trade services. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Company’s trading platform provides access to global liquidity in United States high-grade corporate bonds emerging markets and high-yield bonds European bonds United States agency bonds credit derivatives and other fixed-income securities. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers and to execute trades with the broker-dealer of their choice. The Company offers various services including Information Services Post-Trade Services and Straight-Through Processing.

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