Sponsored feature: Slicker fund processes for quicker market access
The product lifecycle is a complicated process for fund managers at the best of times, made harder by margin pressure and intense competition.
Fund managers must be quick to market to carve out bigger market shares. Legacy systems and outdated manual processes are an impediment that entail costly mistakes, delayed product launches and errors that cause reputational damage.
These challenges are symptomatic of a larger problem, which is efficient use of data. Legacy of IT architecture built upon business processes and flow requirements with core systems and add-on applications across multiple interfaces to join the dots is very often not embedded in any logical data set-up.
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MarketAxess Reports Fourth Quarter 2020 Revenues of $171.3 Million, Operating Income of $91.7 .
MarketAxess Holdings, Inc.January 27, 2021 GMT
12 Consecutive Years of Record Volume, Revenue and Earnings
Company Announces Increase in Regular Quarterly Dividend to $0.66 per Share, up from $0.60
Fourth Quarter Financial Highlights
Operating income of $91.7 million, up 51%
Operating margin of 53.5%, up from 46.9%
Diluted EPS of $1.91, up 45% from $1.32
Open Trading™ credit volume of $218.1 billion, up 63%
Record Estimated U.S. high-grade market share of 22.8%, up from 19.9% Record Estimated U.S. high-yield market share of 17.1%, up from 10.6%
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Full Year 2020 Financial Highlights