MarketAxess Holdings Inc. (MKTX): A Bear Case Theory

We came across a bearish thesis on MarketAxess Holdings Inc. (MKTX) on Long-Term Pick’s Substack by Dan. In this article, we will summarize the bears’ thesis on MKTX. MarketAxess Holdings Inc. (MKTX)'s share was trading at $267.33 as of Nov 18^th. MKTX’s trailing and forward P/E were 36.17 and 33.33 respectively according to Yahoo Finance.

[caption id="attachment_1202498" align="aligncenter" width="768"] A close-up of a computer monitor, showing the interface of a financial trading platform.[/caption]

MarketAxess reported strong financial results for the third quarter, with...