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MarketAxess Holdings Inc.

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MarketAxess continue to witness robust growth owing to the acceleration of market share gains across core products. A lower tax rate during the quarter also led to the upside. MarketAxess Holdings Inc. is slated for long term growth from Xtracker acquisition, other alliances, continued growth in Europe and absence of long term debt. However, exposures to industry volatility, intense competition, higher expenses are some of the headwinds. With respect to quarterly results, fourth quarter earnings of $0.65 per share beat the Zacks Consensus Estimate by 3.2%. The results also surged 14.1% from the year-ago quarter. The company’s bottom-line growth was primarily driven by a strong top line.

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