$MKTX
MARKETAXESS HOLDINGS INC

2015 Q2 Form 10-Q Financial Statement

#000156459015005639 Filed on July 24, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q4 2014 Q2
Revenue $190.0K $70.20M $138.0K
YoY Change 37.68% 16.23% -99.79%
Cost Of Revenue $7.000M $7.800M $7.900M
YoY Change -11.39% -16.13% -7.06%
Gross Profit $68.50M $62.30M $57.10M
YoY Change 19.96% 21.68% 3.82%
Gross Profit Margin 36052.63% 88.75% 41376.81%
Selling, General & Admin $26.90M $24.40M $23.70M
YoY Change 13.5% 8.93% 23.44%
% of Gross Profit 39.27% 39.17% 41.51%
Research & Development $3.967M $4.449M
YoY Change -10.83% 8.54%
% of Gross Profit 5.79% 7.79%
Depreciation & Amortization $4.600M $4.400M $4.400M
YoY Change 4.55% 15.79% 41.94%
% of Gross Profit 6.72% 7.06% 7.71%
Operating Expenses $38.43M $28.90M $35.89M
YoY Change 7.07% 9.89% 775.65%
Operating Profit $30.07M $33.40M $21.21M
YoY Change 41.78% 34.14% -58.34%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $37.06M $33.50M $29.07M
YoY Change 27.48% 35.08% -7.74%
Income Tax $12.82M $11.90M $10.88M
% Of Pretax Income 34.6% 35.52% 37.43%
Net Earnings $24.24M $21.60M $18.19M
YoY Change 33.24% -6.49% -5.96%
Net Earnings / Revenue 12756.84% 30.77% 13181.88%
Basic Earnings Per Share $0.66 $0.49
Diluted Earnings Per Share $0.64 $572.9K $0.48
COMMON SHARES
Basic Shares Outstanding 36.70M 37.02M
Diluted Shares Outstanding 37.64M 37.94M

Balance Sheet

Concept 2015 Q2 2014 Q4 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $169.3M $168.9M $133.2M
YoY Change 27.1% 27.28% -1.7%
Cash & Equivalents $169.3M $168.9M $133.2M
Short-Term Investments
Other Short-Term Assets $12.60M $6.700M $12.40M
YoY Change 1.61% -36.79% 10.71%
Inventory
Prepaid Expenses
Receivables $46.90M $33.80M $40.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $228.8M $209.4M $186.5M
YoY Change 22.68% 17.97% -1.06%
LONG-TERM ASSETS
Property, Plant & Equipment $31.30M $32.19M $34.40M
YoY Change -9.0% -1.58% 30.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $67.50M $64.90M $65.70M
YoY Change 2.74% -4.14% 353.1%
Other Assets $6.100M $7.000M $2.600M
YoY Change 134.62% -4.11% -42.22%
Total Long-Term Assets $170.1M $170.5M $170.2M
YoY Change -0.04% -3.36% 45.64%
TOTAL ASSETS
Total Short-Term Assets $228.8M $209.4M $186.5M
Total Long-Term Assets $170.1M $170.5M $170.2M
Total Assets $398.9M $379.9M $356.7M
YoY Change 11.84% 7.34% 16.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.30M $12.00M $18.60M
YoY Change -28.49% -6.98% 10.06%
Accrued Expenses $16.10M $25.30M $12.20M
YoY Change 31.97% 5.42% -2.4%
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 $36.50M $43.20M $30.80M
YoY Change 18.51% 5.62% 4.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.700M $2.500M $3.000M
YoY Change -10.0% -7.41% -44.44%
Total Long-Term Liabilities $2.700M $2.500M $3.000M
YoY Change -10.0% -7.41% -44.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.50M $43.20M $30.80M
Total Long-Term Liabilities $2.700M $2.500M $3.000M
Total Liabilities $39.09M $45.68M $33.74M
YoY Change 15.85% 4.89% -3.08%
SHAREHOLDERS EQUITY
Retained Earnings $135.7M $101.8M $74.65M
YoY Change 81.81% 99.47% 283.47%
Common Stock $313.6M $307.1M $298.8M
YoY Change 4.96% 3.85% 4.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $84.71M $70.25M $46.02M
YoY Change 84.07% 117.66% 42.6%
Treasury Stock Shares $2.322M $2.141M $1.738M
Shareholders Equity $359.9M $334.2M $323.0M
YoY Change
Total Liabilities & Shareholders Equity $398.9M $379.9M $356.7M
YoY Change 11.84% 7.34% 16.81%

Cashflow Statement

Concept 2015 Q2 2014 Q4 2014 Q2
OPERATING ACTIVITIES
Net Income $24.24M $21.60M $18.19M
YoY Change 33.24% -6.49% -5.96%
Depreciation, Depletion And Amortization $4.600M $4.400M $4.400M
YoY Change 4.55% 15.79% 41.94%
Cash From Operating Activities $30.60M $41.40M $26.30M
YoY Change 16.35% 75.42% 32.16%
INVESTING ACTIVITIES
Capital Expenditures -$3.700M -$3.400M -$4.500M
YoY Change -17.78% -60.0% -47.06%
Acquisitions
YoY Change
Other Investing Activities -$6.200M -$8.200M -$2.500M
YoY Change 148.0% -247.06%
Cash From Investing Activities -$9.900M -$11.50M -$7.100M
YoY Change 39.44% 35.29% 2.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.60M -16.20M -15.60M
YoY Change -25.64% 852.94% 345.71%
NET CHANGE
Cash From Operating Activities 30.60M 41.40M 26.30M
Cash From Investing Activities -9.900M -11.50M -7.100M
Cash From Financing Activities -11.60M -16.20M -15.60M
Net Change In Cash 9.100M 13.70M 3.600M
YoY Change 152.78% 2.24% -62.11%
FREE CASH FLOW
Cash From Operating Activities $30.60M $41.40M $26.30M
Capital Expenditures -$3.700M -$3.400M -$4.500M
Free Cash Flow $34.30M $44.80M $30.80M
YoY Change 11.36% 39.56% 8.45%

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DepreciationAmortizationAndAccretionNet
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DeferredIncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1683000
us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Income Taxes
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1336000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
2571000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
237000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1669000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
36412000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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5410000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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PaymentsToAcquirePropertyPlantAndEquipment
3754000
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PaymentsForProceedsFromOtherInvestingActivities
33000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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PaymentsOfOrdinaryDividends
12164000
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4968000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2576000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13748000
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-42000
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-27501000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-919000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
463000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
133154000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin:18pt 0pt 0pt 12.2pt; text-align:justify; page-break-after:avoid"> <font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Use of Estimates </font> </p> <p style="margin:6pt 0pt 0pt; text-indent:24.5pt; text-align:justify"> <font style="font-family:'Times New Roman'; font-size:10pt">The preparation of financial statements in conformity with </font><font style="font-family:'Times New Roman'; font-size:10pt">GAAP</font><font style="font-family:'Times New Roman'; font-size:10pt"> </font><font style="font-family:'Times New Roman'; font-size:10pt">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. </font> </p> </div>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2000-04-11
mktx Cash Equivalents Maximum Period
CashEquivalentsMaximumPeriod
P3M
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
mktx Accounts Receivable Contractual Maturities Maximum
AccountsReceivableContractualMaturitiesMaximum
less than one year
mktx Post Contract Technical Support Term Period
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P1Y
mktx Period Of Agreements For Revenue Recognition
PeriodOfAgreementsForRevenueRecognition
P2Y
CY2015Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
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CY2014Q4 mktx Money Market Funds Fair Value Disclosure
MoneyMarketFundsFairValueDisclosure
62126000
CY2014Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
127092000
mktx Hedge Derivative Expiration Period
HedgeDerivativeExpirationPeriod
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CY2015Q2 us-gaap Available For Sale Securities Amortized Cost
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CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
64839000
CY2015Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
70000
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
55000
CY2015Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
54000
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
31000
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
34338000
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
36062000
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
33179000
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AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
28801000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
15300000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
5400000
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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26080000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
22626000
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
54000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
31000
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
26080000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
22626000
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
54000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
31000
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12204000
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12202000
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5494000
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6707000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2300000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
700000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
400000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
400000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
400000
CY2015Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9774000
CY2014Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8023000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
17090000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13017000
CY2015Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1720000
CY2014Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1587000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3198000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2773000
CY2015Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1434000
CY2014Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
561000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1955000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
294000
CY2015Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12928000
CY2014Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10171000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22243000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
16084000
CY2015Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
64000
CY2014Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1002000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3904000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4333000
CY2015Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
6000
CY2014Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
74000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
630000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
585000
CY2015Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-177000
CY2014Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-367000
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-47000
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
111000
CY2015Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-107000
CY2014Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
709000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
4487000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5029000
CY2015Q2 mktx Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
11717000
CY2014Q4 mktx Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
12468000
CY2015Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7371000
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7428000
CY2015Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
4346000
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5040000
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3050000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2335000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6025000
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
22300000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
943000
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
927000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
931000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
951000
CY2013Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
50000000
CY2013Q1 mktx Line Of Credit Facility Additional Borrowing Capacity
LineOfCreditFacilityAdditionalBorrowingCapacity
50000000
CY2015Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
49800000
CY2013Q1 us-gaap Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
P3Y
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
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%
mktx Line Of Credit Facility Basis Spread On Federal Funds Effective Rate
LineOfCreditFacilityBasisSpreadOnFederalFundsEffectiveRate
0.0050
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0100
mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option One
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionOne
0.0050
mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option Two
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionTwo
0.0150
mktx Line Of Credit Facility Default Percentage
LineOfCreditFacilityDefaultPercentage
0.0200
us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0030
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1224000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3488000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3414000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3135000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2946000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
12071000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
26278000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1900000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1900000
CY2015Q2 mktx Number Of Lease Agreements
NumberOfLeaseAgreements
2
mktx Lease Expiration Dates
LeaseExpirationDates
November 2015 and November 2020
CY2015Q2 us-gaap Contractual Obligation
ContractualObligation
1900000
mktx Number Of Subsidiaries
NumberOfSubsidiaries
2
mktx Settlement Period Of Bond Transaction
SettlementPeriodOfBondTransaction
Within one to three trading days
us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
7400000
us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
2800000
CY2015Q2 us-gaap Deposits Assets
DepositsAssets
900000
mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0
mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
35000000
CY2014Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
65000000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
180400
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
14500000
us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2015-12-31
CY2015Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
47600000

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