MarketAxess Holdings Inc.
MKTX.US | Administration of financial markets
MarketAxess Holdings Inc. operates an electronic trading platform for fixed-income securities. It provides institutional investors and broker-dealers with access to global liquidity in U.S. high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, U.S. agency bonds, credit d...Show More
Better Health for All
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MarketAxess's core business, an electronic trading platform, has no significant positive or negative health impact. It generates no revenue from products with direct health impacts, and its products do not have direct safety implications for physical or mental health. The company does not offer health-related products or services requiring accessibility considerations, nor does its business model involve serving vulnerable populations with health needs. Its products do not carry health risks requiring disclosure or transparency, and it does not collect or manage health-related data. Its business operations are not directly relevant to health crisis response. MarketAxess is not a pharmaceutical, food, or research company, and its products do not have addiction potential. Through its 'Trading for Trees' program, MarketAxess partnered with One Tree Planted, facilitating the planting of over 466,000 trees by the end of 2021.
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This initiative contributes to environmental health by promoting cleaner air and combating climate change, which are integral to public health.
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Fair Money & Economic Opportunity
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MarketAxess Holdings Inc. primarily serves institutional clients, facilitating trading in fixed-income securities.
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The company reported a Q2 2024 net income of $65 million, an 8% increase from the previous year.
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As its operations are geared towards institutional clients and it does not offer lending or deposit services, consumer credit products, or financial services to underserved populations, most KPIs related to fair money and economic opportunity for consumers are not applicable. There is no evidence regarding profit reinvestment in community finance or profit-sharing with underserved communities.
Fair Pay & Worker Respect
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The CEO's total compensation was 30 times the median employee's pay in 2024.
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The voluntary employee turnover rate was 11.1% in 2024.
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Employee engagement is reflected by 70% of employees who would recommend working at MarketAxess to a friend.
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Fair Trade & Ethical Sourcing
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No evidence available to assess MarketAxess Holdings Inc on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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MarketAxess reported zero monetary losses from legal proceedings related to fraud, insider trading, anti-trust, anti-competitive behavior, market manipulation, malpractice, professional integrity, user privacy, or other financial industry regulations in the past three years.
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The company has a comprehensive Whistleblower Policy, last reviewed in October 2024, that prohibits retaliation, allows anonymous reporting via hotline, web, or mail, protects disclosures to external agencies without prior authorization, and ensures reports are investigated by the General Counsel and the Chairperson of the Board Audit Committee.
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As of December 31, 2023, 83% (ten out of twelve) of its Board members were independent, and each committee is comprised solely of independent directors.
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MarketAxess has a global Anti-Bribery and Corruption Policy, updated in September 2024, that applies to all worldwide subsidiaries and third parties, prohibiting facilitation payments.
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The policy requires relevant due diligence for third parties and M&A, sets clear gift limits, and is supported by staff training, systems, controls, and senior management.
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However, MarketAxess explicitly stated there was no external assurance from third parties for the information provided in its ESG Report, although it does engage third parties for cybersecurity assessments and anti-corruption due diligence for third parties.
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Kind to Animals
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MarketAxess Holdings Inc. operates an electronic trading platform, a service-oriented business model that does not involve animal-related products, operations, or testing. Consequently, all KPIs related to cruelty-free certification, animal testing, humane operations, ethical sourcing, and animal agriculture are not applicable. While the company's 'Trading for Trees' program has planted over 316,000 trees by the end of 2022
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and over 466,000 by 2021,
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supporting reforestation and habitat restoration, the provided articles do not offer specific, measurable biodiversity impact metrics such as species recovery rates, population increases, or biodiversity indices required by the rubric to score the wildlife conservation impact KPI.
No War, No Weapons
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MarketAxess Holdings Inc. is not involved in military contracts, arms manufacturing, or military-industrial activities, and has no direct connection to militarization.
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Its core business is operating an electronic trading platform for fixed-income securities.
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This means the company has no revenue from arms or defense contracts, does not develop or sell dual-use technology, has no defense business to oversee, and no defense assets to divest.
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Consequently, several KPIs related to military involvement, dual-use products, and conflict-linked partners are not applicable to its operations.
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Planet-Friendly Business
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MarketAxess Holdings Inc. reported total Scope 1, 2, and 3 greenhouse gas emissions of 2,485.3 metric tons of CO2e in 2023.
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Approximately 68% of the company's technological infrastructure is powered by renewable energy sources.
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Respect for Cultures & Communities
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MarketAxess engages in general charitable giving and community support. In November 2023, the company donated 25% of its U.S. High-Grade and U.S. High-Yield Portfolio Trading revenues to City Harvest to aid New York City families with food security.
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Since 2017, MarketAxess has been a corporate sponsor of EMpower, becoming its first Global Leadership Council Partner in October 2023, supporting marginalized youth in 15 emerging market countries.
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Additionally, since 2002, MarketAxess has hosted an annual Emerging Markets Charity Trading Day, which raised over $270,000 in 2019 for charities focused on health and education programs in emerging market countries.
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These efforts are directed towards community development, health, education, and youth support, rather than specifically cultural heritage organizations.
Safe & Smart Tech
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MarketAxess maintains an advanced and robust ethical AI framework focused on mitigating biases to promote fairness and transparency in decision-making. The company is fully compliant with GDPR and CCPA, with associated compliance costs of $2.1 million and $1.9 million respectively.
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Zero Waste & Sustainable Products
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No evidence was found in the provided articles regarding MarketAxess Holdings Inc.'s waste diversion rate, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging to product ratio, waste reduction targets, supplier waste requirements, or customer waste education. The articles discuss the company's involvement in sustainable finance, such as facilitating green bond transactions
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and a 'Trading for Trees' program
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, but these initiatives do not directly address the company's own operational waste or product lifecycle management as defined by the 'Zero Waste & Sustainable Products' value.