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Is MarketAxess Holdings Stock a Buy?

TheMotleyFool

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The stock market has been ugly in 2020, and the financial sector has taken some of the hardest hits of any part of the market. Poor fundamentals have combined with the unique challenges that the coronavirus pandemic has brought to create especially difficult conditions for most financial companies.

Yet one standout in the industry has been MarketAxess Holdings (NASDAQ: MKTX). It hasn't just weathered the coronavirus storm well; it's gained over 20% so far this year, capping a decade that has seen the stock jump 2,700% since 2010. After such impressive gains, investors are intrigued, but they also want to know whether MarketAxess is still a buy even at these lofty levels.