MarketAxess CEO Sees Strong Demand for Electronic Bond Trading

The video features an interview with Rick McVeigh, CEO of Market Access, discussing the company's record trading volume and revenue growth in electronic trading for global fixed income markets. McVeigh highlights the benefits of electronic trading, such as cost reduction and increased market share. He explains Market Access's client base, which includes market makers, banks, and institutional investors, and emphasizes the platform's global network and liquidity creation. McVeigh also addresses the company's focus on fixed income markets, citing competitive advantages and growth opportunities. Lastly, he discusses the potential impact of Biden's tax proposals on trading and investments, noting the economic growth expected to offset tax increases.

What was the percentage increase in revenue for Market Access in the first quarter?

• 10%

• 16%

• 25%

• 20%

Who are the primary clients of Market Access?

• Retail investors

• Institutional investors and market makers

• Government agencies

• Cryptocurrency traders

What is a key feature of Market Access's platform?

• Exclusive trading for large firms

• All-to-all marketplace

• Focus on equity markets

• High transaction fees

Why does Market Access not plan to enter the equity markets?

• Lack of expertise

• Sufficient competition

• Focus on fixed income

• Regulatory challenges

What is the estimated revenue from global fixed income, currency, and commodity for the top five banks?

• $80 billion

• $50 billion

• $60 billion

• $70 billion

How might investors react to higher capital gains taxes?

• Shift to cryptocurrency

• Increase in asset sales

• No change in behavior

• Decrease in asset sales

What is a potential outcome of the new tax proposals according to the CEO?

• Decrease in economic growth

• Immediate market crash

• Increase in corporate earnings

• Strong economic growth despite tax increases