Market Currents
MarketAxess (MKTX), a provider of an electronic bond-trading platform, announces JPMorgan (JPM),...
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Tuesday, February 21, 2012, 5:28 PM ETMarketAxess (MKTX), a provider of an electronic bond-trading platform, announces JPMorgan (JPM), which owns 14% of the company, will be selling 3.6M shares (about 9.2% of outstanding shares) in an offering. In addition, MarketAxess has entered into an agreement with JPMorgan to repurchase 1.8M shares (the rest of its stake) at the offering price, minus an underwriting discount.
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