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MarketAxess Acquires Financial Software and Technology Services Provider

NEW YORK, Nov. 28 /PRNewswire-FirstCall/ -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, today announced it has acquired substantially all the assets of Trade West Systems, LLC (TWS), a financial software innovator focused on providing gateway adapters for connecting order management systems (OMS) and trading systems to fixed-income trading venues under the "ProOMS" product name. TWS-branded products acquired by MarketAxess in the transaction also include customizable front-end and middle-tier pricing and trading solutions for the fixed-income and equities markets.

"TWS has developed a superior portfolio of connectivity software that will help us further deepen our integration into investor and dealer trading workflows," commented T. Kelley Millet, president of MarketAxess. "Direct connectivity with client OMS systems makes our trading solutions more efficient for our clients, and is a critical driver of secondary trading volumes. In addition, we believe that TWS will be instrumental in accelerating the growth of our Technology Services business."

In addition to TWS' portfolio of software adapters, the transaction provides MarketAxess with TWS' growing technology consulting services practice and extensive experience in developing and marketing technology solutions to financial services firms.

"As a market leader in electronic trading, MarketAxess is the ideal place for us to speed the development and distribution of our ProOMS product portfolio and broaden our nascent technology consulting services business," said Andrew Kelley, founder and chief executive officer of TWS. "Our combined offering of connectivity software will greatly benefit clients and will position us to attack new opportunities in the market, while preserving TWS' brand and culture."

TWS is located in Salt Lake City, Utah. The acquisition is not expected to have an impact on earnings in 2008 and terms are not being disclosed.

About MarketAxess

MarketAxess operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities, serving as an electronic platform through which our more than 675 active institutional investor clients can access the liquidity provided by our 30 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously request competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. MarketAxess offers our clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, credit default swaps, agencies, high-yield and emerging markets bonds. MarketAxess also provides data and analytical tools that help our clients make trading decisions, and we facilitate the trading process by electronically communicating order information between trading counterparties. Our DealerAxess(R) trading service allows dealers to trade fixed-income securities with each other on our platform.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including statements about the outlook and prospects for Company and industry growth, as well as statements about the Company's future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess' current expectations. Actual results in future periods may differ materially from the those currently expected or desired because of a number of risks and uncertainties, including: our dependence on our broker-dealer clients; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our limited operating history; the level of trading volume transacted on the MarketAxess platform; the absolute level and direction of interest rates and the corresponding volatility in the corporate fixed-income market; our ability to develop new products and offerings and the market's acceptance of those products; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our future capital needs and our ability to obtain capital when needed; our exposure to risks resulting from non-performance by counterparties to transactions executed between our broker-dealer clients in which we act as an intermediary in matching back-to-back trades; and other factors. The Company's actual results and financial condition may differ, perhaps materially, from the anticipated results and financial condition in any such forward-looking statements. The Company undertakes no obligation to update any forward- looking statements, whether as a result of new information, future events or otherwise. More information about these and other factors affecting MarketAxess' business and prospects is contained in MarketAxess' periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com.

SOURCE
MarketAxess Holdings Inc.

CONTACT:
Stephen Davidson for MarketAxess Holdings Inc., +1-212-813-6021

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