Shares of MarketAxess Holdings Inc. MKTX, 0.72% slipped 0.89% to $276.54 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, 1.50% rising 0.95% to 3,978.73 and the Dow Jones Industrial Average DJIA, 1.44% rising 0.60% to 32,120.28. This was the stock’s second consecutive day of losses. MarketAxess Holdings Inc. closed $222.43 short of its 52-week high ($498.97), which the company reached on August 5th.
The stock underperformed when compared to some of its competitors Wednesday, as CME Group Inc. Cl A CME, 0.96% rose 1.96% to $195.43, Intercontinental Exchange Inc. ICE, 1.48% fell 0.85% to $97.52, and Nasdaq Inc. NDAQ, 1.23% rose 0.59% to $147.50. Trading volume (312,614) remained 126,021 below its 50-day average volume of 438,635.