$MKTX
MARKETAXESS HOLDINGS INC

2013 Q4 Form 10-K Financial Statement

#000119312514065153 Filed on February 24, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 2012 Q4
Revenue $60.40M $238.7M $48.60M
YoY Change 24.28% 25.1% 7.76%
Cost Of Revenue $9.300M $34.30M $7.200M
YoY Change 29.17% 38.87% 35.85%
Gross Profit $51.20M $204.5M $41.30M
YoY Change 23.97% 23.04% 3.77%
Gross Profit Margin 84.77% 85.66% 84.98%
Selling, General & Admin $22.40M $83.10M $17.20M
YoY Change 30.23% 18.71% -10.42%
% of Gross Profit 43.75% 40.64% 41.65%
Research & Development $16.04M
YoY Change 28.06%
% of Gross Profit 7.84%
Depreciation & Amortization $3.800M $13.10M $2.300M
YoY Change 65.22% 59.76% 27.78%
% of Gross Profit 7.42% 6.41% 5.57%
Operating Expenses $26.30M $131.5M $19.20M
YoY Change 36.98% 949.69% -8.57%
Operating Profit $24.90M $73.05M $22.10M
YoY Change 12.67% -52.47% 17.55%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $24.80M $107.3M $22.20M
YoY Change 11.71% 20.04% 17.46%
Income Tax $9.300M $38.72M $1.300M
% Of Pretax Income 37.5% 36.09% 5.86%
Net Earnings $23.10M $76.02M $20.50M
YoY Change 12.68% 26.55% 78.26%
Net Earnings / Revenue 38.25% 31.84% 42.18%
Basic Earnings Per Share $2.06
Diluted Earnings Per Share $606.3K $2.01 $545.2K
COMMON SHARES
Basic Shares Outstanding 37.63M shares 36.89M
Diluted Shares Outstanding 37.89M

Balance Sheet

Concept 2013 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.7M $132.7M $128.9M
YoY Change 2.95% 2.95% -24.0%
Cash & Equivalents $132.7M $132.7M $128.9M
Short-Term Investments
Other Short-Term Assets $10.60M $10.60M $8.100M
YoY Change 30.86% 30.86% -4.71%
Inventory
Prepaid Expenses
Receivables $34.20M $34.20M $31.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $177.5M $177.5M $168.0M
YoY Change 5.65% 5.65% -21.61%
LONG-TERM ASSETS
Property, Plant & Equipment $32.70M $32.70M $18.01M
YoY Change 81.59% 81.67% 24.2%
Goodwill $26.09M
YoY Change
Intangibles
YoY Change
Long-Term Investments $67.70M $67.70M $51.20M
YoY Change 32.23% 32.23% -34.44%
Other Assets $7.300M $7.300M $9.400M
YoY Change -22.34% -22.34% 16.05%
Total Long-Term Assets $176.4M $176.4M $111.8M
YoY Change 57.73% 57.78% -17.28%
TOTAL ASSETS
Total Short-Term Assets $177.5M $177.5M $168.0M
Total Long-Term Assets $176.4M $176.4M $111.8M
Total Assets $353.9M $353.9M $279.8M
YoY Change 26.47% 26.48% -19.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.90M $12.90M $12.30M
YoY Change 4.88% 4.88% 0.0%
Accrued Expenses $24.00M $24.00M $19.90M
YoY Change 20.6% 20.6% 2.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.90M $40.90M $32.20M
YoY Change 27.02% 27.02% 1.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.700M $2.700M $4.900M
YoY Change -44.9% -44.9% -7.55%
Total Long-Term Liabilities $2.700M $2.700M $4.900M
YoY Change -44.9% -44.9% -7.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.90M $40.90M $32.20M
Total Long-Term Liabilities $2.700M $2.700M $4.900M
Total Liabilities $43.55M $43.50M $37.12M
YoY Change 17.3% 17.25% 0.34%
SHAREHOLDERS EQUITY
Retained Earnings $51.04M -$5.644M
YoY Change -1004.36%
Common Stock $295.7M $283.6M
YoY Change 4.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.27M $32.27M
YoY Change 0.0%
Treasury Stock Shares $1.495M 1.495M shares
Shareholders Equity $310.4M $310.4M $242.7M
YoY Change
Total Liabilities & Shareholders Equity $353.9M $353.9M $279.8M
YoY Change 26.47% 26.48% -19.93%

Cashflow Statement

Concept 2013 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $23.10M $76.02M $20.50M
YoY Change 12.68% 26.55% 78.26%
Depreciation, Depletion And Amortization $3.800M $13.10M $2.300M
YoY Change 65.22% 59.76% 27.78%
Cash From Operating Activities $23.60M $90.88M $28.30M
YoY Change -16.61% 11.4% 51.34%
INVESTING ACTIVITIES
Capital Expenditures -$8.500M $15.34M -$1.600M
YoY Change 431.25% 197.63% -11.11%
Acquisitions $37.83M
YoY Change
Other Investing Activities $0.00 $18.00K $2.800M
YoY Change -100.0% -58.14% 40.0%
Cash From Investing Activities -$8.500M -$69.12M $1.200M
YoY Change -808.33% -559.89% 500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.700M -17.07M -50.60M
YoY Change -96.64% -87.46% 655.22%
NET CHANGE
Cash From Operating Activities 23.60M 90.88M 28.30M
Cash From Investing Activities -8.500M -69.12M 1.200M
Cash From Financing Activities -1.700M -17.07M -50.60M
Net Change In Cash 13.40M 4.684M -21.10M
YoY Change -163.51% -111.84% -272.95%
FREE CASH FLOW
Cash From Operating Activities $23.60M $90.88M $28.30M
Capital Expenditures -$8.500M $15.34M -$1.600M
Free Cash Flow $32.10M $75.54M $29.90M
YoY Change 7.36% -1.16% 45.85%

Facts In Submission

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1905000
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CY2013Q4 mktx Closing Price Of Common Stock
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CY2013Q4 mktx Line Of Credit Facility Default Amount Threshold
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CY2013Q4 mktx Future Lease Obligations From Subleases Agreement
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CY2013Q4 mktx Money Market Funds Fair Value Disclosure
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CY2013Q4 mktx Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Investments
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CY2013Q4 mktx Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
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19000
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19000
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133000
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20600000
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CY2012Q1 us-gaap Stock Issued During Period Shares New Issues
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CY2012Q1 mktx Stock Repurchased Program Shares Nonvoting Common Stock Converted Into Voting Common Stock
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CY2011Q4 us-gaap Treasury Stock Shares Acquired
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CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount
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P3Y
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CY2011 us-gaap Payments To Acquire Available For Sale Securities
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CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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CY2011 us-gaap Revenue From Related Parties
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CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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77100000
CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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1.28
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.013 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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11400000
CY2011 us-gaap Concentration Risk Customer
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1.20
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0.480 pure
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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39608000 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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16.16
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1.29
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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0.393 pure
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P9Y10M24D
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.049 pure
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1.25
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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81450000
CY2011 us-gaap Income Taxes Paid Net
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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21.60
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2602000 shares
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366000
CY2011 us-gaap Revenues
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CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
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5085000
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30315000
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403000
CY2011 us-gaap Payments Of Ordinary Dividends
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CY2011 us-gaap Business Acquisitions Pro Forma Revenue
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4415000
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2918000
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6859000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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0
CY2011 us-gaap Payments For Repurchase Of Common Stock
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6935000
CY2011 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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49447000
CY2011 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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7305000
CY2011 us-gaap Net Investment Income
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1228000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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3160000
CY2011 us-gaap Payments To Develop Software
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4065000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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403000
CY2011 us-gaap Communications And Information Technology
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10619000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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178000
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CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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48000
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
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1634000
CY2011 us-gaap General And Administrative Expense
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6322000
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30315000
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6781000
CY2011 us-gaap Deferred Income Tax Expense Benefit
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16129000
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6935000
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755000
CY2011 us-gaap Dividends Common Stock Cash
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13683000
CY2011 us-gaap Share Based Compensation
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6859000
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90424000
CY2011 us-gaap Provision For Doubtful Accounts
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1200000
CY2011 us-gaap Depreciation And Amortization
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5206000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
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44626000
CY2011 us-gaap Current State And Local Tax Expense Benefit
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2849000
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1900000
CY2011 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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4415000
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700000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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271000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
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19090000
CY2011 us-gaap Capitalized Computer Software Additions
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4100000
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CY2011 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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0
CY2011 us-gaap Proceeds From Stock Options Exercised
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6807000
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CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
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2667000
CY2011 us-gaap Marketing And Advertising Expense
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4491000
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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7305000
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10230000
CY2011 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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27400000
CY2011 us-gaap Occupancy Net
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2337000
CY2011 us-gaap Professional Fees
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9006000
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1194000
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
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16000
CY2011 us-gaap Labor And Related Expense
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52443000
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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27419000
CY2011 us-gaap Current Federal Tax Expense Benefit
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6187000
CY2011 us-gaap Income Tax Expense Benefit
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32003000
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
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CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1077000
CY2011 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Net Of Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesNetOfForfeitures
14563 shares
CY2011 mktx Change In Valuation Allowance For Current Year Income
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-38000
CY2011 mktx Information And Post Trade Services Revenue
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7199000
CY2011 mktx Securities And Cash Provided As Collateral
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-3532000
CY2011 mktx Business Acquisitions Pro Forma Income Loss Before Tax
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82769000
CY2011 mktx Deferred Provision Income Tax Expense Benefit
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21773000
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0 Customer
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0.146 pure
CY2011 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Achievement
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1.450 pure
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4237000
CY2011 mktx Allowance For Doubtful Accounts Receivable Write Off
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200000
CY2013 dei Entity Registrant Name
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MARKETAXESS HOLDINGS INC
CY2013 dei Entity Current Reporting Status
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Yes
CY2013 dei Amendment Flag
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false
CY2013 dei Entity Filer Category
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Large Accelerated Filer
CY2013 dei Document Fiscal Year Focus
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2013
CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Incorporation Date Of Incorporation
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2000-04-11
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001278021
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
More than 10%
CY2013 us-gaap Earnings Per Share Diluted
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2.01
CY2013 us-gaap Common Stock Dividends Per Share Declared
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0.52
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0.443 pure
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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37888000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
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P4Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2013 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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1.86
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0.361 pure
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P9Y10M24D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
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P10Y
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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41.75
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1002000 shares
CY2013 us-gaap Common Stock Voting Rights
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1.81
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19.61
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.012 pure
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90879000
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1.86
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12.33
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y6M
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.20
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y4M24D
CY2013 us-gaap Line Of Credit Facility Commitment Fee Percentage
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0.0030 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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0.019 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.041 pure
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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256622 shares
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.81
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.20
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
4348 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Revenues
Revenues
238733000
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1846000
CY2013 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
46683000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
235000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75026000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
107280000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30768000
CY2013 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
60755000
CY2013 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
6000000
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-189000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
37827000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
105200000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3039000
CY2013 us-gaap Technology Services Revenue
TechnologyServicesRevenue
6331000
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-453000
CY2013 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
19837000
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
296000
CY2013 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
68579000
CY2013 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
203652000
CY2013 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
242657000
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5001000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-537000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1714000
CY2013 us-gaap Other Income
OtherIncome
2953000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
76016000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8879000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
299000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
6964000
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
68563000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
5032000
CY2013 us-gaap Net Investment Income
NetInvestmentIncome
420000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15337000
CY2013 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
7642000
CY2013 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
7945000
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
21000
CY2013 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
16037000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1181000
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
26085000
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-307000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
44791000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
19000
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
3820000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8862000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17074000
CY2013 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
13051000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1001000
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1571000
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19330000
CY2013 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
8856000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10723000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
8879000
CY2013 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
131453000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14123000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3783000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5958000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4800000
CY2013 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5001000
CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
30900000
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
800000
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
14000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5507000
CY2013 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
10900000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69121000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
474000
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3039000
CY2013 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-310000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
812000
CY2013 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
4632000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5032000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2200000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
33043000
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
43400000
CY2013 us-gaap Occupancy Net
OccupancyNet
5173000
CY2013 us-gaap Professional Fees
ProfessionalFees
18220000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1014000
CY2013 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
2120000
CY2013 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
9346000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-645000
CY2013 us-gaap Labor And Related Expense
LaborAndRelatedExpense
64406000
CY2013 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
12515000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
26071000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
38717000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-901000
CY2013 mktx Change In Valuation Allowance For Current Year Income
ChangeInValuationAllowanceForCurrentYearIncome
65000
CY2013 mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option One
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionOne
0.0050 pure
CY2013 mktx Stock Repurchase Program Period Expiration Date
StockRepurchaseProgramPeriodExpirationDate
2014-01-01
CY2013 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Range Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutRangeMaximum
1.50 pure
CY2013 mktx Information And Post Trade Services Revenue
InformationAndPostTradeServicesRevenue
25377000
CY2013 mktx Securities And Cash Provided As Collateral
SecuritiesAndCashProvidedAsCollateral
18000
CY2013 mktx Number Of Subsidiaries
NumberOfSubsidiaries
2 Subsidiary
CY2013 mktx Cash Equivalents Maximum Period
CashEquivalentsMaximumPeriod
P3M
CY2013 mktx Line Of Credit Facility Default Percentage
LineOfCreditFacilityDefaultPercentage
0.0200 pure
CY2013 mktx Business Acquisitions Pro Forma Income Loss Before Tax
BusinessAcquisitionsProFormaIncomeLossBeforeTax
107316000
CY2013 mktx Period Of Agreements For Revenue Recognition
PeriodOfAgreementsForRevenueRecognition
P2Y
CY2013 mktx Percentage Of Foreign Subsidiary Interest Pledged
PercentageOfForeignSubsidiaryInterestPledged
0.65 pure
CY2013 mktx Line Of Credit Facility Basis Spread On Federal Funds Effective Rate
LineOfCreditFacilityBasisSpreadOnFederalFundsEffectiveRate
0.0050 pure
CY2013 mktx Accounts Receivable Contractual Maturities Maximum
AccountsReceivableContractualMaturitiesMaximum
less than one year
CY2013 mktx Hedge Derivative Expiration Period
HedgeDerivativeExpirationPeriod
One-month period
CY2013 mktx Post Contract Technical Support Term Period
PostContractTechnicalSupportTermPeriod
P1Y
CY2013 mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
5674000
CY2013 mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0 Customer
CY2013 mktx Percentage Of Trading Volumes By Single Client
PercentageOfTradingVolumesBySingleClient
0.125 pure
CY2013 mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option Two
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionTwo
0.0150 pure
CY2013 mktx Settlement Days Of Bond Transaction
SettlementDaysOfBondTransaction
Within one to three trading days
CY2013 mktx Number Of Stock Incentive Plans
NumberOfStockIncentivePlans
2 Incentive
CY2013 mktx Line Of Credit Facility Basis Spread On Variable Rate
LineOfCreditFacilityBasisSpreadOnVariableRate
0.0100 pure
CY2013 mktx Line Of Credit Facility Description Of Variable Rate
LineOfCreditFacilityDescriptionOfVariableRate
The federal funds effective rate plus 0.50% and (c) one month adjusted LIBOR plus 1.00% plus (ii) 0.50% or (B) the sum of (i) adjusted LIBOR plus (ii) 1.50%
CY2013 mktx Percentage Of Outstanding Shares Owned By Single Client
PercentageOfOutstandingSharesOwnedBySingleClient
0.09 pure
CY2013 mktx Lease Expiration Dates
LeaseExpirationDates
November 2015 and November 2020
CY2013 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Range Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutRangeMinimum
0.00 pure
CY2013 mktx Operating Loss Carry Forwards Expiration Starting Year
OperatingLossCarryForwardsExpirationStartingYear
2025
CY2013 mktx Percentage Of Allowance Against Outstanding Receivables
PercentageOfAllowanceAgainstOutstandingReceivables
1.00 pure
CY2013 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Achievement
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutAchievement
1.080 pure
CY2013 mktx Additional Annual Limitations Period
AdditionalAnnualLimitationsPeriod
P3Y
CY2013 mktx Additional Annual Limitations
AdditionalAnnualLimitations
50% or greater change
CY2013 mktx Allowance For Doubtful Accounts Receivable Write Off
AllowanceForDoubtfulAccountsReceivableWriteOff
100000
CY2013 mktx Capitalized Software Development Costs Out Of Period Adjustments
CapitalizedSoftwareDevelopmentCostsOutOfPeriodAdjustments
2900000
CY2013 mktx Capital Loss Carryback During Current Period
CapitalLossCarrybackDuringCurrentPeriod
1200000
CY2008 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
33500000
CY2008 mktx Shares Conversion Price
SharesConversionPrice
10.00
CY2008 mktx Warrants Issued Gross Amount
WarrantsIssuedGrossAmount
35000000
CY2008 mktx Number Consecutive Trading Period
NumberConsecutiveTradingPeriod
P65D
CY2008 mktx Minimum Closing Price Of Common Stock
MinimumClosingPriceOfCommonStock
17.50
CY2008 mktx Securities Purchase Agreement Funds Managed
SecuritiesPurchaseAgreementFundsManaged
2 Fund
CY2012 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
More than 10%
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.74
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.482 pure
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37816000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
13292 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.010 pure
CY2012 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.68
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.309 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
32.45
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1300000 shares
CY2012 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.62
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.26
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.012 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
81582000
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.69
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.64
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36516000 shares
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.05
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.007 pure
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1511207 shares
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024 pure
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.64
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2012 us-gaap Revenues
Revenues
190840000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-412000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
58858000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
89370000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15102000
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
16543000
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1715000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
84700000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8525000
CY2012 us-gaap Technology Services Revenue
TechnologyServicesRevenue
4988000
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-463000
CY2012 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
64041000
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1204000
CY2012 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
61210000
CY2012 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
174199000
CY2012 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
214683000
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
20003000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-748000
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4607000
CY2012 us-gaap Other Income
OtherIncome
3161000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
60069000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8385000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
76000
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
75133000
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
61784000
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
14775000
CY2012 us-gaap Net Investment Income
NetInvestmentIncome
1057000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5153000
CY2012 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
5207000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-342000
CY2012 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
12523000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-714000
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-298000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3598000
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
491000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7746000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-136175000
CY2012 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
8233000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-643000
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-462000
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
75133000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
65129000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
8385000
CY2012 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
101470000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
500000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6758000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-40712000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2287000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2100000
CY2012 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
20003000
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
23663000
CY2012 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-244000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8542000
CY2012 mktx Information And Post Trade Services Revenue
InformationAndPostTradeServicesRevenue
7435000
CY2012 mktx Conversion Of Common Stock Non Voting To Common Stock Voting Amount Converted
ConversionOfCommonStockNonVotingToCommonStockVotingAmountConverted
15880000
CY2012 mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
9582000
CY2012 mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0 Customer
CY2012 mktx Effective Income Tax Rate Reconciliation Release Of Previously Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationReleaseOfPreviouslyUnrecognizedTaxBenefits
-0.075 pure
CY2012 mktx Percentage Of Trading Volumes By Single Client
PercentageOfTradingVolumesBySingleClient
0.135 pure
CY2012 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Achievement
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutAchievement
0.925 pure
CY2012 mktx Securities And Cash Provided As Collateral
SecuritiesAndCashProvidedAsCollateral
43000
CY2012 mktx Business Acquisitions Pro Forma Income Loss Before Tax
BusinessAcquisitionsProFormaIncomeLossBeforeTax
88361000
CY2012 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
5200000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
15030000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
121000
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8525000
CY2012 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-390000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1046000
CY2012 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
5169000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
14775000
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
18004000
CY2012 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
42000000
CY2012 us-gaap Occupancy Net
OccupancyNet
2446000
CY2012 us-gaap Professional Fees
ProfessionalFees
12150000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1315000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
54678000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
18313000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
14402000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27586000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1149000
CY2012 mktx Change In Valuation Allowance For Current Year Income
ChangeInValuationAllowanceForCurrentYearIncome
-440000
CY2012 mktx Allowance For Doubtful Accounts Receivable Write Off
AllowanceForDoubtfulAccountsReceivableWriteOff
1400000
CY2012Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1600000
CY2011Q1 mktx Adjustments To Additional Paid In Capital Tax Benefit From Exercise Of Warrants In Prior Years
AdjustmentsToAdditionalPaidInCapitalTaxBenefitFromExerciseOfWarrantsInPriorYears
4200000
CY2012Q4 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
3600000
CY2012Q4 mktx Decrease In Income Tax Provision
DecreaseInIncomeTaxProvision
6700000

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