Shares of MarketAxess Holdings Inc. MKTX plunged 12.01% to $509.35 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 1.31% to 3,819.72 and Dow Jones Industrial Average DJIA falling 0.39% to 31,270.09. This was the stock's second consecutive day of losses. MarketAxess Holdings Inc. closed $97.10 below its 52-week high ($606.45), which the company achieved on November 9th.
The stock underperformed when compared to some of its competitors Wednesday, as CME Group Inc. Cl A CME fell 0.41% to $205.79, Intercontinental Exchange Inc. ICE fell 1.74% to $111.64, and Nasdaq Inc. NDAQ fell 2.79% to $136.71. Trading volume (533,695) eclipsed its 50-day average volume of 267,649.