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MKTX vs TW
Which Stock Would AI Choose? MarketAxess Holdings (MKTX) vs. Tradeweb Markets (TW) Stock Comparison
Key Takeaways
- Both MKTX and TW are leading electronic trading platforms focused on fixed-income markets, making them direct competitors in an industry undergoing increased electronification.
- TW holds a much larger market capitalization of $24.7 billion compared to MKTX's $5.8 billion, reflecting greater scale.
- MKTX has outperformed year-to-date with a +9.57% return versus TW's +5.58%, amid recent market volatility.
- TW demonstrates superior profit margins at 39.64% and lower volatility with a beta of 0.78, compared to MKTX's 29.14% margin and beta of 1.00.
- Recent trading activity shows both stocks near the lower end of their 52-week ranges, with upcoming Q1 2026 earnings likely to influence sentiment.
- Analyst price targets indicate potential upside of approximately 20% for MKTX and 19% for TW.
Introduction
MarketAxess Holdings (MKTX) and Tradeweb Markets (TW) are key players in the electronic trading of fixed-income securities, a sector benefiting from the shift toward digital marketplaces amid volatile interest rates and regulatory changes. This comparison is particularly relevant for traders seeking exposure to financial exchanges and investors evaluating relative performance in a competitive landscape. By examining recent momentum, financial metrics, and market positioning, readers can better assess which stock aligns with their strategy in the current environment characterized by fluctuating bond volumes and macroeconomic uncertainty.
MKTX Overview and Recent Performance
MarketAxess Holdings Inc. (MKTX) operates a leading electronic trading platform primarily for U.S. investment-grade corporate bonds, high-yield bonds, and other credit products. The company has facilitated growing adoption of its Open Trading protocols, enhancing liquidity. In recent market activity, MKTX shares have traded around $163, near the lower end of the 52-week range (156-233), reflecting a year-to-date gain of 9.57% but pressure from softer trading volumes in certain segments. Sentiment has been mixed due to concerns over fundamentals, with average daily volume (ADV, a measure of trading activity) showing gains in Eurobonds and emerging markets but overall scrutiny ahead of Q1 2026 earnings on May 7. Key metrics include a market cap of $5.8 billion, trailing P/E (price-to-earnings) ratio of 24.58, and ROE (return on equity) of 19.39%.
TW Overview and Recent Performance
Tradeweb Markets Inc. (TW) provides a global electronic platform for trading rates, credit, equities, and money markets, serving institutional clients with advanced automation tools. Recent weeks have seen TW shares hover near $113, within a 52-week range of 97-149, posting a year-to-date return of 5.58% amid broader sector headwinds. Performance reflects steady revenue growth from diversified products, though recent dips align with fixed-income market dynamics. The stock approaches its Q1 2026 earnings call on April 29, with analysts maintaining positive outlooks. Standout figures include a $24.7 billion market cap, trailing P/E of 30.08, profit margin of 39.64%, and beta of 0.78 indicating lower market sensitivity.
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Head-to-Head Comparison
MKTX and TW share core business models as electronic marketplaces but differ in scope: MKTX emphasizes U.S. credit trading, while TW offers broader global coverage including rates and ETFs. Growth drivers include protocol adoption and institutional demand, though both face risks from interest rate volatility impacting volumes. Recent momentum favors MKTX on YTD returns, but TW edges out in stability and scale. Risk factors highlight MKTX's higher beta versus TW's diversified revenue. Market sentiment tilts toward TW for its superior margins, positioning it better in uncertain fixed-income environments.
Tickeron AI Verdict
Tickeron’s AI currently leans toward TW with higher probability due to its larger scale, elevated profit margins, lower beta for reduced volatility, and diversified product suite amid recent fixed-income pressures. While MKTX shows stronger short-term momentum, TW's relative stability and catalysts like upcoming earnings position it favorably in prevailing trends.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is MKTX is a StrongBuy and TW is a StrongBuy.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
MKTX’s FA Score shows that 1 FA rating(s) are green whileTW’s FA Score has 0 green FA rating(s).
- MKTX’s FA Score: 1 green, 4 red.
- TW’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
MKTX’s TA Score shows that 6 TA indicator(s) are bullish while TW’s TA Score has 4 bullish TA indicator(s).
- MKTX’s TA Score: 6 bullish, 2 bearish.
- TW’s TA Score: 4 bullish, 5 bearish.
Price Growth
MKTX (@Investment Banks/Brokers) experienced а -3.21% price change this week, while TW (@Investment Banks/Brokers) price change was -3.44% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -2.25%. For the same industry, the average monthly price growth was -2.75%, and the average quarterly price growth was -6.61%.
Reported Earning Dates
MKTX is expected to report earnings on Jul 22, 2026.
TW is expected to report earnings on Jul 30, 2026.
Industries' Descriptions
@Investment Banks/Brokers (-2.25% weekly)These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
| MKTX | TW | MKTX / TW | |
| Capitalization | 4.2B | 21.1B | 20% |
| EBITDA | 464M | 1.51B | 31% |
| Gain YTD | -34.738 | -8.425 | 412% |
| P/E Ratio | 13.88 | 24.25 | 57% |
| Revenue | 871M | 2.16B | 40% |
| Total Cash | 377M | 1.94B | 19% |
| Total Debt | 292M | 143M | 204% |
MKTX | TW | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 4 | 8 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 14 Undervalued | 93 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | 75 | |
SMR RATING 1..100 | 39 | 61 | |
PRICE GROWTH RATING 1..100 | 65 | 75 | |
P/E GROWTH RATING 1..100 | 97 | 95 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
MKTX's Valuation (14) in the Investment Banks Or Brokers industry is significantly better than the same rating for TW (93) in the Internet Software Or Services industry. This means that MKTX’s stock grew significantly faster than TW’s over the last 12 months.
TW's Profit vs Risk Rating (75) in the Internet Software Or Services industry is in the same range as MKTX (100) in the Investment Banks Or Brokers industry. This means that TW’s stock grew similarly to MKTX’s over the last 12 months.
MKTX's SMR Rating (39) in the Investment Banks Or Brokers industry is in the same range as TW (61) in the Internet Software Or Services industry. This means that MKTX’s stock grew similarly to TW’s over the last 12 months.
MKTX's Price Growth Rating (65) in the Investment Banks Or Brokers industry is in the same range as TW (75) in the Internet Software Or Services industry. This means that MKTX’s stock grew similarly to TW’s over the last 12 months.
TW's P/E Growth Rating (95) in the Internet Software Or Services industry is in the same range as MKTX (97) in the Investment Banks Or Brokers industry. This means that TW’s stock grew similarly to MKTX’s over the last 12 months.
| MKTX | TW | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 56% | 2 days ago 63% |
| Stochastic ODDS (%) | 2 days ago 51% | 2 days ago 60% |
| Momentum ODDS (%) | 2 days ago 64% | 2 days ago 63% |
| MACD ODDS (%) | 2 days ago 48% | 2 days ago 68% |
| TrendWeek ODDS (%) | 2 days ago 76% | 2 days ago 61% |
| TrendMonth ODDS (%) | 2 days ago 77% | 2 days ago 59% |
| Advances ODDS (%) | 8 days ago 59% | 8 days ago 57% |
| Declines ODDS (%) | 16 days ago 75% | 2 days ago 62% |
| BollingerBands ODDS (%) | 2 days ago 47% | 2 days ago 74% |
| Aroon ODDS (%) | 2 days ago 79% | 2 days ago 50% |
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MKTX and
Correlation & Price change
A.I.dvisor indicates that over the last year, MKTX has been loosely correlated with TW. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if MKTX jumps, then TW could also see price increases.
| Ticker / NAME | Correlation To MKTX | 1D Price Change % | ||
|---|---|---|---|---|
| MKTX | 100% | -2.67% | ||
| TW - MKTX | 45% Loosely correlated | -1.27% | ||
| CME - MKTX | 35% Loosely correlated | -0.48% | ||
| SNEX - MKTX | 30% Poorly correlated | -0.19% | ||
| CBOE - MKTX | 28% Poorly correlated | +2.76% | ||
| MC - MKTX | 27% Poorly correlated | -0.36% | ||
More | ||||
TW and
Correlation & Price change
A.I.dvisor indicates that over the last year, TW has been loosely correlated with ICE. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if TW jumps, then ICE could also see price increases.