On this page of Benford's Law Stocks.com we present our study of MARKETAXESS HOLDINGS INC — ticker symbol MKTX. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/18/2020 to 11/6/2024 for MARKETAXESS HOLDINGS INC under CIK number 0001278021. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for MKTX, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for MARKETAXESS HOLDINGS INC based on the past MKTX filings our system processed in the past.
30.6
15.4
12.7
9.4
10.8
5.9
7.0
4.5
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, MKTX stockholder letter ]
Total numbers found: 927
Recent share count: 37,751,975 (3's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
927
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
85

Starting from a possible score of 100, we made the following score deductions:
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
MKTX
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
LPRO
MARX
NRIX
OMCL
LVLU
MITK
MTRX
NTWK
Check our work! We provide our MARKETAXESS HOLDINGS INC Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the MKTX filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 284 numbers that start with the digit 1. Here they are:
167,213
134,861
102,760
104,331
119,108
109,482
102,671
1,833,049
110,000
110,000,000
123
123
10,000,000
1,368,661
1,244,216
10,144
1,386,254
1,292,963
1,833,049
180,392
150,496
12,960
11,801
10,382
154
172,284
176,485
149,570
18,728
17,561
18,553
15,339
10,974
10,313
13,420
12,392
15,467
15,698
119,660
105,375
19,327
16,151
164
1,283
125
1,064
1,105
1,717
15,057
10,896
16,802
188,428
1.90
1.47
1.90
1.46
188,428
18,740
13,936
18
185
188,517
123
1,244,216
1,292,963
1,977
1,977
14,893
14,893
155
1,440
10,147
10,147
123
1,288,247
1,318,233
13
13
123
1,325,139
1,329,221
18,740
18,740
164
164
15,032
15,032
123
1,368,661
10,144
1,386,254
123
1,101,525
1,081,093
123
1,148,093
1,121,532
126
126
18
18
155
155
123
1,180,820
1,165,092
18
18
185
123
1,208,607
1,190,978
188,428
1,823
1,587
11,677
11,650
18,240
12,406
192,082
15,263
12,500
156,470
110,782
11,082
1,451
11,667
16,232
1,399
1,647
1,178
1,735
135,756
132,524
13,384
11,920
14,728
146,737
114,274
100,248
106,314
180,392
150,496
12,787
11,341
173
12,960
11,801
10,333
102
10,382
154
154
10,900
10,843
18,131
17,516
1,586
101,183
101,183
11,068
11,068
169,983
178,968
18,634
18,634
10,485
10,485
1,901
1,901
18,634
136,762
155,396
102,760
102,760
102,760
102,760
106,829
1,061,768
1,061,768
1,061,768
115,151
1,255,543
1,255,543
1,255,543
1,901
1,164
1,195
1,808
100,499
17
101,183
1,373
11,068
164,934
167,213
10,962
172
10,485
134,903
134,861
154
1,850
1,674
160
17
138
155
174
174
11,185
101,183
11,068
11,068
167,213
10,727
13,967
10,485
10,485
134,861
17,658
17,658
121,943
106,829
115,151
125,022
125.0
125,002
122,317
1,200
1
1.1
1.6
140,906
140,348
15,178
11,383
182,036
104,331
181,478
119,108
15.0
13.1
17.0
15.3
13.9
12.4
1,158
149,253
121,221
108,055
118
1.90
1.47
1.90
1.46
1
1
1.00
1
1.1
11,015
1
12,812
12,226
117
113
150.0
10.0
165,009
136,398
109,480
101,655
16,833
13,674
172,284
15,493
14,717
109,482
102,671
106,829
115,151
172
119
We found 143 numbers that start with the digit 2. Here they are:
236,706
236,706
2,015,067
283,314
2,151
260,298
24,370
2,015,067
29,228
2,981
206,715
21,053
24,331
2,898
2,100
260,894
237,992
275,951
248,888
21,408
209,042
2.22
2.16
209,042
274
20
290
223,268
260,298
24,370
28,003
28,003
269,005
28,651
206
206
28,046
28,046
29,227
27,967
27,967
20,492
20,492
27,060
27,060
27,132
27,132
27,903
216
216
27,154
27,154
209,042
23,065
21,859
2,839
208,520
24,300
206
261,718
2,085
208,989
27,871
2,421
20,863
2,000
2
2
272,828
240,315
29,126
281
29,228
2,972
26
2,981
2,770
2,770
24,694
24,694
283,314
283,314
283,314
283,314
2,770
2,270
2,742
2,676
284
2,358
24,705
24,694
28.3
22
233
245
200
2,935
2
24,694
22,175
25,576
282,125
240,629
284,322
207,297
283,314
224,776
2,685
2,637
28,500
236.7
25,952
29,747
20.0
23.0
23.4
24.2
24.3
2,545,015
22,762
20,865
23,920
21,859
2
20,793
217.60
219.32
208,102
279,939
2
2
2,774
2,941
293
2,444
29
22,383
200.0
277,604
241.4
206,715
247
We found 118 numbers that start with the digit 3. Here they are:
37,704,364
33,437
37,013
37,724,684
37,899,688
344,138
333,292
3,310,174
3,041,081
316,524
37,385
34,466
31,512
3,835
3,503
3,665
353,799
317,307
346
347
340
37,527
37,491
37,641
37,485
37,608
37,574
37,696
37,603
343
333,292
327,519
33,450
33,450
335,641
302,455
343
343
344,138
316,524
345,468
328,326
37,697
333,114
327,815
31,983
339,867
327,815
346,947
327,091
37,608
3,203
3,921
3,311
38,746
35,790
31,802
344,925
344,925
396
3,885
3
36,682
3,829
384,759
33,655
36,222
36,764
33,487
37,385
34,466
31,231
31,512
3,049
3,106
35,216
34,691
35.7
350.7
3.4
368,160
3,497
3,465
324
376
30
347
32
343
3,401
38,900
38,900
34.4
37.3
3
37.9
354
363
3
32,608
37,527
37,491
37,641
37,485
37,608
37,574
37,696
37,603
380.0
375.0
3
3
341
3,847
3,282
3,332
35,889
31,401
4's 5's 6's
We found 87 numbers that start with the digit 4. Here they are:
446,347
451,280
46,657
45,122
474,989
446,795
4,855,000
41,034,858
40,940,769
491,073
48,872
45,573
4,387
4,051
4,834
45,236
4,241
4,241
40
40
444
444
41
41
454
4,206
4,206
4,207
46,146
4,721
45,137
4,802
436,696
491,073
460
49
48
420
4,539
48
46.7
437,362
437,362
437,362
437,362
46,657
46,657
46,657
46,657
474,989
474,989
474,989
470,920
432,646
432,646
432,646
432,646
45,122
45,122
45,122
45,122
489
446
44
4
43,777
49,756
49,926
474,989
405,186
43.8
4,181
49.0
41,130
41,130
4.5
420,590
408,112
4
488,380
439,970
4,485
441
446,347
451,280
46,657
45,122
We found 100 numbers that start with the digit 5. Here they are:
577
59,998
52,816
537,398
536,944
532
555,299
58,431
55,284
51,027
53,375
5,839
5,154
579
5,487
5,842
54,941
5.55
5.03
5.55
5.01
54,941
5
57
581
563
563
5,755
5,755
57
511
59,859
59,859
54,941
54,941
539
55,284
51,027
5,025
5,502
5,795
583
58,710
5,150
58,629
53,995
50,000
572,664
588,896
5,525
536,944
59
532
532
567
5,112
54.6
54,962
54,962
590,848
572,785
592,919
537,398
537,398
537,398
537,398
54,740
54,962
55
58.9
500
505
54,962
50,145
51,038
57
5
5,588
537,398
5,318
5
5
50,987
5.0
51.9
55
5.55
5.03
5.55
5.01
500.0
5.0
50.0
5.0
500.0
500.0
51,238
58.6
5,817
555,299
We found 55 numbers that start with the digit 6. Here they are:
687,936
63,045
60,124
614,693
6,989
66,909
6,953
6,590
66,909
60,460
61
64,938
64,938
6,890
6,890
629
6,646
63,617
611,672
600,005
646
6
621
6,185
6,332
607.1
687,936
687,936
687,936
662,624
64,070
61,858
66,840
63,759
675
62
66
649
673
63,893
62
66
66
6,338
687,936
68,321
6
62,527
62,370
6
6.0
6.0
614,693
600,005
611,672
7's 8's 9's
We found 65 numbers that start with the digit 7. Here they are:
710
7,892
75,077
79,677
722,104
7,741
71,743
71,489
74
72
71,489
72,615
72,615
7,298
7,298
704
74
74
71,489
71,489
77
74
73,628
73,628
7,488
7,488
707
707
72
72
7,481
7,481
724
72
7,795
7,491
7,255
75,268
725
76,044
7
73,763
755
701
79
715
77.7
79
79
72,398
70,968
7,696
7,190
78,379
77,705
7,940
7,118
7,481
77.16
750.0
749.9
739
7.2
7.2
75,077
We found 42 numbers that start with the digit 8. Here they are:
89,839
84,566
84,499
8,852
8,403
87,055
8,328
8,328
8,294
8,294
886
847
8,995
84,999
82,139
83,142
8,826
8,852
8,985
8,985
8,985
89,839
89,839
89,839
89,839
868
89.4
845
852
81.2
8,603
81,917
89,361
8,294
8,511
81
83
8,278
8,934
88
8,623
87,513
We found 33 numbers that start with the digit 9. Here they are:
9,833
9,181
92,897
9,687
90,572
963
9,687
9,687
9,727
91,273
979
9,774
9,833
9
923
99,682
99,682
9,695
99,236
99,682
905
94,815
99,682
9,200
92.0
994
9
98
975
9,673
9,229
97,460
93,742
While the above MKTX 10Q Filed 11/6/2024 is interesting in isolation, we have found that it is also useful to take a look at older MARKETAXESS HOLDINGS INC filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 11/6/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical MKTX 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

30.6
15.4
12.7
9.4
10.8
5.9
7.0
4.5
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 927

= Typical MKTX range from 2/18/2020 to 11/6/2024
28.0
18.1
13.6
8.2
7.3
7.9
6.6
5.5
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 1,217

= Typical MKTX range from 2/18/2020 to 11/6/2024
29.9
10.8
15.4
7.8
11.3
3.8
7.3
6.0
7.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 33
XBRL?   [ original filing ]
Total numbers found: 603

= Typical MKTX range from 2/18/2020 to 11/6/2024
29.1
15.6
15.9
8.3
8.3
7.9
3.3
5.7
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL?   [ original filing ]
Total numbers found: 749

= Typical MKTX range from 2/18/2020 to 11/6/2024
28.0
15.4
11.3
9.4
9.7
8.5
5.3
7.2
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 790

= Typical MKTX range from 2/18/2020 to 11/6/2024
29.5
20.9
11.6
8.5
8.3
5.7
4.8
5.2
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 1,159

= Typical MKTX range from 2/18/2020 to 11/6/2024
29.0
13.9
13.3
8.0
11.6
9.3
6.5
4.0
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 525

= Typical MKTX range from 2/18/2020 to 11/6/2024
30.1
12.6
13.7
11.0
9.6
6.2
7.1
4.1
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 878

= Typical MKTX range from 2/18/2020 to 11/6/2024
27.2
15.3
14.4
8.7
11.2
5.2
6.9
4.3
7.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 54
XBRL?   [ original filing ]
Total numbers found: 843

= Typical MKTX range from 2/18/2020 to 11/6/2024
27.4
18.1
15.5
7.2
7.8
7.2
5.9
5.5
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,202

= Typical MKTX range from 2/18/2020 to 11/6/2024
29.3
15.0
14.1
8.5
9.9
5.6
6.2
5.1
6.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 567

= Typical MKTX range from 2/18/2020 to 11/6/2024
30.6
13.7
13.6
9.1
8.1
7.6
5.0
7.8
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 767

= Typical MKTX range from 2/18/2020 to 11/6/2024
28.4
15.1
15.0
7.2
10.2
7.1
6.8
6.3
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 807

= Typical MKTX range from 2/18/2020 to 11/6/2024
32.0
21.1
11.5
8.3
8.0
5.6
3.9
4.8
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 1,111

= Typical MKTX range from 2/18/2020 to 11/6/2024
32.5
13.6
10.7
11.6
8.4
7.4
8.0
3.0
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 60
XBRL?   [ original filing ]
Total numbers found: 664

= Typical MKTX range from 2/18/2020 to 11/6/2024
29.5
13.7
15.8
9.2
9.8
5.1
6.5
4.6
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 73
XBRL?   [ original filing ]
Total numbers found: 786

= Typical MKTX range from 2/18/2020 to 11/6/2024
26.4
17.2
15.0
8.4
10.3
7.1
4.0
4.9
6.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 64
XBRL?   [ original filing ]
Total numbers found: 798

= Typical MKTX range from 2/18/2020 to 11/6/2024
30.8
19.8
12.1
8.0
7.1
6.2
5.5
5.2
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,176

= Typical MKTX range from 2/18/2020 to 11/6/2024
28.7
15.4
11.3
8.2
9.5
7.0
6.8
7.5
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL?   [ original filing ]
Total numbers found: 558

= Typical MKTX range from 2/18/2020 to 11/6/2024
32.8
14.1
13.9
7.8
9.5
7.4
5.3
5.5
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 714

= Typical MKTX range from 2/18/2020 to 11/6/2024
 

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