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Marketaxess Holdings Inc

Common Name
Marketaxess Holdings
Country
United States
Sector
Financial Services
Industry
Capital Markets
Employees
859
Ticker
MKTX
Exchange
NASDAQ/NGS
Description
MarketAxess Holdings Inc. is a financial technology company that operates a leading electronic trading platform for the institutional fixed-income markets. The company enables institutional investors ...

Marketaxess Holdings's GHG Emissions Data Preview

In 2024, Marketaxess Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Marketaxess Holdings has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)20242023
Total Scope 1
177a
179b
Total Scope 2
Market-Based
664a
640b
Location-Based
631a
604b
Total Scope 3
15,057a
14,544b
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.2166a
0.2379b
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Verified Sources Behind Marketaxess Holdings’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Marketaxess Holdings's ESG Report 2024
b. Marketaxess Holdings's ESG Report 2023

Insights into Marketaxess Holdings's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Marketaxess Holdings amounted to 808 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Marketaxess Holdings increased by 3.19%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

Marketaxess Holdings's Scope 1 Emissions Over Time

2023202404590135180tCO2e-1%
  • Total Scope 1
  • Year-over-Year Change

What are Marketaxess Holdings's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Marketaxess Holdings were 177 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2023), Marketaxess Holdings's Scope 1 emissions decreased by 1.12%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab

What are Marketaxess Holdings's Scope 2 emissions?

In 2024, Marketaxess Holdings reported Scope 2 greenhouse gas (GHG) emissions of 664 tCO₂e using the market-based method and 631 tCO₂e using the location-based method.a

Has Marketaxess Holdings reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Marketaxess Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Marketaxess Holdings's emissions have plateaued with no significant change in its energy consumption footprint.ab

What methodology does Marketaxess Holdings use for Scope 2 reporting?

In 2024, Marketaxess Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a

Marketaxess Holdings's Scope 2 Emissions Over Time

202320240200400600800tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Marketaxess Holdings's Value Chain Emissions

In 2024, Marketaxess Holdings reported 15,057 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Marketaxess Holdings includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Marketaxess Holdings's Scope 3 Emissions Over Time

2023202404 k8 k12 k16 ktCO2e+4%
  • Total Scope 3
  • Year-over-Year Change

What are Marketaxess Holdings's Scope 3 emissions?

In 2024, Marketaxess Holdings reported total Scope 3 emissions of 15,057 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 97.79% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.21% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), Marketaxess Holdings's Scope 3 emissions remained relatively stable, indicating that Marketaxess Holdings's emissions have plateaued with no significant change in its value chain footprint.ab

What categories of Scope 3 emissions does Marketaxess Holdings disclose?

In 2024, Marketaxess Holdings reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Marketaxess Holdings's Scope 3 emissions?

In 2024, the largest contributors to Marketaxess Holdings's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 12,204 tCO₂e (81.05%)
  • Business Travel (Cat. 6): 1,307 tCO₂e (8.68%)
  • Employee Commuting (Cat. 7): 879 tCO₂e (5.84%)

Marketaxess Holdings's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(5.8%)Purchased Goods andServices (Cat. 1)(81.0%)Business Travel(Cat. 6)(8.7%)

Insights into Marketaxess Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Marketaxess Holdings reported Scope 1 greenhouse gas (GHG) emissions of 177 tCO₂e and total revenues of USD 817 millions. This translates into an emissions intensity of 0.22 tCO₂e per millions USD.a

Marketaxess Holdings's Scope 1 Emissions Intensity Compared to Peers

202002,00050,000Scope 1 Emissions (tCO2e)1005005,00020,000200,000Revenues (Millions of USD)Sealand SecuritiesYear: 2023Scope 1: 66 tCO2eRevenue: $M 583Scope 1 Intensity: 0.11 tCO2e/$MSouthwest SecuritiesYear: 2023Scope 1: 139 tCO2eRevenue: $M 284Scope 1 Intensity: 0.49 tCO2e/$MHuaan SecuritiesYear: 2023Scope 1: 91 tCO2eRevenue: $M 490Scope 1 Intensity: 0.19 tCO2e/$MGuoyuan SecuritiesYear: 2022Scope 1: 716 tCO2eRevenue: $M 704Scope 1 Intensity: 1.02 tCO2e/$MflatexDEGIROYear: 2025Scope 1: 361 tCO2eRevenue: $M 658Scope 1 Intensity: 0.55 tCO2e/$MMotilal Oswal Financial ServicesYear: 2024Scope 1: 3 tCO2eRevenue: $M 847Scope 1 Intensity: 0.00 tCO2e/$MChina Great Wall SecuritiesYear: 2023Scope 1: 102 tCO2eRevenue: $M 562Scope 1 Intensity: 0.18 tCO2e/$MSoochow SecuritiesYear: 2024Scope 1: 722 tCO2eRevenue: $M 1,567Scope 1 Intensity: 0.46 tCO2e/$MNordnetYear: 2024Scope 1: 1 tCO2eRevenue: $M 476Scope 1 Intensity: 0.00 tCO2e/$MGuolian Minsheng SecuritiesYear: 2023Scope 1: 90 tCO2eRevenue: $M 598Scope 1 Intensity: 0.15 tCO2e/$MSwissquote Group HoldingYear: 2024Scope 1: 83 tCO2eRevenue: $M 734Scope 1 Intensity: 0.11 tCO2e/$MStoneX GroupYear: 2023Scope 1: 773 tCO2eRevenue: $M 60,875Scope 1 Intensity: 0.01 tCO2e/$MJefferies Financial GroupYear: 2024Scope 1: 4,026 tCO2eRevenue: $M 10,514Scope 1 Intensity: 0.38 tCO2e/$MTradeweb MarketsYear: 2024Scope 1: 30 tCO2eRevenue: $M 1,724Scope 1 Intensity: 0.02 tCO2e/$MLPL Financial HoldingsYear: 2023Scope 1: 893 tCO2eRevenue: $M 10,056Scope 1 Intensity: 0.09 tCO2e/$MRobinhood MarketsYear: 2024Scope 1: 232 tCO2eRevenue: $M 2,952Scope 1 Intensity: 0.08 tCO2e/$MInteractive Brokers GroupYear: 2024Scope 1: 122 tCO2eRevenue: $M 9,297Scope 1 Intensity: 0.01 tCO2e/$MCharles SchwabYear: 2022Scope 1: 8,409 tCO2eRevenue: $M 20,763Scope 1 Intensity: 0.41 tCO2e/$MGoldman Sachs GroupYear: 2024Scope 1: 14,447 tCO2eRevenue: $M 53,507Scope 1 Intensity: 0.27 tCO2e/$MMorgan StanleyYear: 2024Scope 1: 19,636 tCO2eRevenue: $M 57,617Scope 1 Intensity: 0.34 tCO2e/$MPiper Sandler CompaniesYear: 2024Scope 1: 539 tCO2eRevenue: $M 1,475Scope 1 Intensity: 0.37 tCO2e/$MPJT PartnersYear: 2024Scope 1: 193 tCO2eRevenue: $M 1,493Scope 1 Intensity: 0.13 tCO2e/$MMarketaxess HoldingsYear: 2024Scope 1: 177 tCO2eRevenue: $M 817Scope 1 Intensity: 0.22 tCO2e/$M

How does Marketaxess Holdings's GHG emissions intensity compare to its peers?

In 2024, Marketaxess Holdings reported a Scope 1 emissions intensity of 0.22 tCO₂e per millions USD. Compared to the peer group median of 0.17, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Marketaxess Holdings rank on GHG emissions intensity within its industry?

In 2024, Marketaxess Holdings ranked 14 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Marketaxess Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Marketaxess Holdings's Total Carbon Footprint

In 2024, Marketaxess Holdings reported a total carbon footprint of 15,865 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.51% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Marketaxess Holdings's total carbon footprint was Scope 3 emissions, accounting for 94.91% of the company's total carbon footprint, followed by Scope 2 emissions at 3.98%.a

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