- Intercontinental Exchange announced an agreement to acquire MarketAxess, an electronic trading platform for global institutional fixed-income markets, in a deal valued at $6 billion.
- MarketAxess shares surged 29% on July 30 following the acquisition announcement and the company's solid quarterly financial results.
- Founded in 2000, MarketAxess connects approximately 2,100 institutional investors and broker-dealers globally, generating the majority of its revenues from commissions.