Form 8-K · Current Report · Filed 2026-07-30
Intercontinental Exchange to Acquire MarketAxess in $5.7 Billion Deal
MarketAxess Holdings Inc. has entered into a definitive agreement to be acquired by Intercontinental Exchange, Inc. for $167 per share in cash, representing a total enterprise value of approximately $5.7 billion. The transaction, which has been approved by the boards of both companies, is expected to close in the first half of 2027, subject to regulatory approvals and stockholder approval. The acquisition aims to create a more complete and connected fixed income marketplace, offering benefits such as deeper liquidity, lower transaction costs, and a seamless end-to-end workflow for clients.
- Filer
- MarketAxess Holdings Inc. MKTX · NASDAQ
- Filed
- Accession
- 0001193125-26-324933
- CIK
- 0001278021
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$125.73
Next session
+29.1%
Since filing
+29.0%
Latest close
$162.16
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MKTX reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, MKTX insiders reported 7 Form 4 transactions — net selling of $28K.
About MarketAxess Holdings Inc.
MarketAxess Holdings Inc. is a leading operator in the electronic trading platform sector for fixed-income securities. Specializing in the facilitation of bond trading, MarketAxess enhances market efficiency by providing a centralized exchange where institutional investors can engage in seamless transactions of corporate bonds, treasuries, and emerging market debt. Utilizing innovative technology, the company enables efficient price discovery, liquidity aggregation, and trade execution in a traditionally opaque market segment. MarketAxess stands out with features such as its proprietary Open Trading platform, which extends anonymous, all-to-all trading capabilities, thus enhancing access to a broad array of market participants. The firm also integrates data and analytical tools that empower users with valuable market insights and improved decision-making processes. Serving sectors like asset management, banking, and insurance, it plays a pivotal role in modernizing and streamlining the bond trading landscape. Headquartered in New York, MarketAxess' impact is significant in the global financial markets, promoting greater transparency and efficiency. By fostering competitive and fair trading environments, it continues to redefine how fixed-income markets operate, catering to varied institutional needs around the world.
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