MarketAxess stock trades 1.9 percent below ICE offer
Published on 09/23/2026 at 19:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
MarketAxess stock was trading at USD 163.76 on Nasdaq on September 23, 2026, up 0.20 percent intraday and 1.9 percent below the proposed USD 167.00 cash offer from Intercontinental Exchange. The takeover terms give the current market price a clearly defined transaction reference.
ICE offer sets the key level
The proposed acquisition would convert each eligible MarketAxess share into USD 167.00 in cash. The StockTitan summary of the September 18, 2026 proxy statement says the transaction remains subject to shareholder approval and regulatory clearances.
The special virtual shareholder meeting is scheduled for October 29, 2026, while the parties anticipate completing the merger in the first half of 2027 if the required conditions are satisfied. If completed, MarketAxess would become a wholly owned subsidiary of ICE and its shares would no longer trade on Nasdaq.
Q2 revenue slipped 0.5 percent
MarketAxess reported USD 218.415 million in Q2 2026 revenue, compared with USD 219.462 million in Q2 2025. The StockTitan filing summary also lists USD 89.877 million in operating income, USD 68.323 million in net income and diluted EPS of USD 1.93 for the quarter.
The earnings mix gives the takeover price a fundamental counterpoint: revenue was slightly lower year over year, while diluted EPS matched the prior-year figure of USD 1.93. The company operates an electronic platform for institutional fixed-income trading, combining transaction execution, data products and post-trade services.
Stock stays below the cash offer
At USD 163.76 on Nasdaq on September 23, 2026, the stock stood USD 3.24 below the proposed consideration of USD 167.00. The quoted 52-week range was USD 108.75 to USD 195.97, placing the share price USD 32.21 below its yearly high.
MarketAxess stock snapshot
- Company: MarketAxess Holdings Inc.
- Ticker: MKTX
- Trading venue: Nasdaq
- Price (intraday, September 23, 2026): USD 163.76
- Market capitalization: USD 5,763,027,417 (as of September 23, 2026)
- 52-week range: USD 108.75-195.97 (as of September 23, 2026)
- Sector / Industry: Financial Services / Financial - Capital Markets
