MarketAxess Holdings Inc. (MKTX) CEO Richard McVey on Q2 2022 Results - Earnings Call Transcript

MarketAxess Holdings Inc. (NASDAQ:MKTX) Q2 2022 Earnings Conference Call July 20, 2022 10:00 AM ET

Company Participants

Stephen Davidson - Head of Investor Relations

Richard McVey - Chairman and CEO

Chris Concannon - President and Chief Operating Officer

Chris Gerosa - Chief Financial Officer

Conference Call Participants

Richard Repetto - Piper Sandler & Co.

Kyle Voigt - Keefe, Bruyette & Woods, Inc.

Gautam Sawant - Credit Suisse AG

Patrick O'Shaughnessy - Raymond James & Associates, Inc.

Daniel Fannon - Jefferies LLC

Michael Cyprys - Morgan Stanley

Alexander Blostein - Goldman Sachs Group Inc.

Operator

Welcome to the Q2, 2022 MarketAxess Holdings Incorporated Earnings Conference Call. My name is Vanessa and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions]

I will now turn the call over to your host, Mr. Stephen Davidson. You may begin.

Stephen Davidson

Thank you, Vanessa. Good morning and welcome to the MarketAxess second quarter, 2022 earnings conference call.

For the call, Rick McVey, Chairman and Chief Executive Officer, will provide a strategic update for the Company; Chris Concannon, President and COO, will review the progress we are making on our growth initiatives; and then Chris Gerosa, Chief Financial Officer, will walk you through the financial results for the quarter.

Before I turn the call over to Rick, let me remind you that today's call may include forward-looking statements. These statements represent the Company's beliefs regarding future events that, by their nature, are uncertain. The Company's actual results and financial condition may differ materially from what is indicated in those forward-looking statements.

For a discussion of some of the risks and factors that could affect the Company's future results, please see the description of risk factors in our Annual Report on Form 10-K for the year ended December 31, 2021. I would also direct you to read the forward-looking statement disclaimer in our quarterly earnings release, which was issued earlier this morning and is now available on our website.

Let me now turn the call over to Rick.

Richard McVey

Good morning. And thank you for joining us to review our second quarter results. We continue to execute our growth strategy in the second quarter and delivered strong results across our key operating metrics. Importantly, we have increased our leadership position in the global credit institutional e-trading space versus our primary competitors with strong market share momentum in corporate bonds and emerging markets. We are now moving back into a much more favorable trading environment and the investments we have made to expand our foundation for growth are paying off.