Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-10-13

MARKETAXESS HOLDINGS INC (MKTX)

CEO Christopher Concannon was paid $7,101,027 in fiscal year 2025, ↑ up 22.0% from fiscal year 2024, the 19th percentile of its disclosed peer group (SEC filing 0001193125-26-191601 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$7,101,027 ↑
Christopher Concannon total, FY2025
19th
CEO pay percentile vs peers
35:1
CEO-to-median pay ratio
97.76%
Say-on-pay support, latest vote

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MKTX's next annual pay disclosure, estimated May 5, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Concannon$750,000$0$3,599,881$1,208,646$1,525,000$0$17,500$7,101,027
Chief Executive Officer
Dean Berry190,284659,3004,444,74400018,4605,312,789
Group Chief Operating Officer and Chief Executive Officer, EMEA & APAC
Kevin McPherson450,00001,447,3050850,000017,5002,764,805
Chief Revenue Officer
Ilene Fiszel Bieler500,00001,109,47201,000,000017,5002,626,972
Chief Financial Officer
Christophe Roupie310,8680962,8060001,323,0682,596,742
Former Head of EMEA and APAC
Naineshkumar Panchal450,0000955,0670800,000017,5002,222,567
Former Chief Information Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Christopher Concannon$7,101,027$5,819,842—↑ +1,281,185
Dean Berry5,312,789———
Kevin McPherson2,764,8052,910,973—↓ −146,168
Ilene Fiszel Bieler2,626,9721,845,313—↑ +781,659
Christophe Roupie2,596,742—1,932,749—
Naineshkumar Panchal2,222,5672,592,318—↓ −369,751

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$7,101,027 Christopher Concannon total, FY2025

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Data as of October 13, 2026 · Source: 0001193125-26-191601 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Carlos M. HernandezChair of the Board$488,455
Douglas A. CifuIndependent Director—
Emily H. PortneyIndependent Director$275,281
Jane ChwickIndependent Director$299,031
Kenneth T. SchicianoIndependent Director—
Kourtney GibsonIndependent Director$285,281
Nancy AltobelloIndependent Director$290,892
Richard G. KetchumIndependent Director$289,031
Richard M. McVeyFormer director (through FY2025)—
Roberto HoornwegIndependent Director$309,113
Stephen P. CasperIndependent Director$299,031
Steven L. BegleiterIndependent Director$281,531
William F. CrugerIndependent Director$305,281
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
William QuanChief Technology Officer2026-05-01A218$0$0CommonForm 4 ↗
Scott PintoffGeneral Counsel and Secretary2026-05-11D10014714,699CommonForm 4 ↗
Bieler Ilene FiszelChief Financial Officer2026-06-03D33212340,896CommonForm 4 ↗
Douglas A. CifuDirector2026-06-10A1,39000CommonForm 4 ↗
William F. CrugerDirector2026-06-10A1,39000CommonForm 4 ↗
Roberto HoornwegDirector2026-06-10A1,39000CommonForm 4 ↗
Carlos M. HernandezDirector2026-06-10A2,61600CommonForm 4 ↗
Kourtney GibsonDirector2026-06-10A1,39000CommonForm 4 ↗
Steven L. BegleiterDirector2026-06-10A1,39000CommonForm 4 ↗
Jane ChwickDirector2026-06-10A1,39000CommonForm 4 ↗
Kenneth T. SchicianoDirector2026-06-10A1,39000CommonForm 4 ↗
Emily H. PortneyDirector2026-06-10A1,39000CommonForm 4 ↗
Richard G. KetchumDirector2026-06-10A1,39000CommonForm 4 ↗
Nancy AltobelloDirector2026-06-10A1,39000CommonForm 4 ↗
Scott PintoffGeneral Counsel and Secretary2026-06-10D10011611,603CommonForm 4 ↗
Carlos M. HernandezDirector2026-06-18A10,70800CommonForm 4 ↗
Carlos M. HernandezDirector2026-06-18D10,70800CommonForm 4 ↗
Scott PintoffGeneral Counsel and Secretary2026-07-10D10011511,512CommonForm 4 ↗
Jane ChwickDirector2026-08-07D60600CommonForm 4 ↗
Scott PintoffGeneral Counsel and Secretary2026-08-10D10016316,260CommonForm 4 ↗
Emily H. PortneyDirector2026-08-12D2,08500CommonForm 4 ↗
Emily H. PortneyDirector2026-08-12A2,08500CommonForm 4 ↗
William F. CrugerDirector2026-09-10D6,1641631,005,965CommonForm 4 ↗
Scott PintoffGeneral Counsel and Secretary2026-09-10D10016316,332CommonForm 4 ↗
Scott PintoffGeneral Counsel and Secretary2026-10-12D10016516,465CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christophe RoupieRSU2025-02-15——2,488—$481,403
Christopher ConcannonPSU2025-02-15012,403—24,8062,399,856
Dean BerryRSU2025-10-01——26,017—4,444,744
Naineshkumar PanchalPSU2025-02-15—2,468—4,936477,533
Naineshkumar PanchalRSU2025-02-15——2,468—477,533
Kevin McPhersonRSU2025-02-15——3,740—723,653
Ilene Fiszel BielerRSU2025-02-15——2,867—554,736
Kevin McPhersonPSU2025-02-15—3,740—7,480723,653
Christophe RoupiePSU2025-02-15—2,488—4,976481,403
Ilene Fiszel BielerPSU2025-02-1502,867—5,734554,736
Christopher ConcannonRSU2025-02-15——6,202—1,200,025
Christopher ConcannonOPTION2025-02-15——17,985—1,208,646
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christophe Roupie$481,403$481,403$050.0%
Christopher Concannon1,200,0252,399,8561,208,64649.9%
Dean Berry4,444,744000.0%
Naineshkumar Panchal477,533477,533050.0%
Kevin McPherson723,653723,653050.0%
Ilene Fiszel Bieler554,736554,736050.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Naineshkumar PanchalRSU447,325—$50,341,956
Christopher ConcannonPSU2,867—519,644
Kevin McPhersonRSU394,763—44,426,628
Kevin McPhersonPSU662,106—74,513,409
Naineshkumar PanchalRSU2,658—481,763
Christophe RoupiePSU831—150,619
Naineshkumar PanchalPSU302—54,738
Dean BerryRSU26,017—4,715,581
Christopher ConcannonRSU1,797—325,706
Christopher ConcannonRSU1,198—217,138
Ilene Fiszel BielerRSU1,198—217,138
Christopher ConcannonPSU713,038—80,245,297
Naineshkumar PanchalPSU165,481—18,623,232
Christopher ConcannonPSU2,729—494,631
Kevin McPhersonPSU2,411—436,994
Kevin McPhersonRSU719—130,319
Christopher ConcannonRSU650—117,813
Christophe RoupieRSU423—76,669
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to promote the following core principles that are aligned with our Company's business strategy: Alignment: we align Company and individual performance and decision-making with long-term stockholder value creation; Retention: attract, reward and retain high caliber executives; Motivation: motivate high performance from our NEOs by offering greater incentives for superior performance and reduced awards for underperformance; Prudence: discourage imprudent risk-taking by avoiding undue emphasis on any one metric or short-term goals; and Fairness: be transparent and fair to both our NEOs and our stockholders.

CEO STI target (% of salary)237%
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1030,009,045677,5289,63097.76%Passed
20252025-06-0430,971,737663,5988,48697.88%Passed
20242024-06-0531,373,4471,635,479480,86693.68%Passed
20232023-06-0731,343,8291,263,9491,300,09592.44%Passed
20222022-06-0831,400,9881,156,413162,13195.97%Passed
20212021-06-0931,998,4991,264,3059,52896.2%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1097.76%a
20252025-06-0497.88%b
20242024-06-0593.68%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote AGAINST this proposal and broker non-votes will have no effect on the outcome of the vote.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote AGAINST this proposal and broker non-votes will have no effect on the outcome of the vote.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote AGAINST this proposal and broker non-votes will have no effect on the outcome of the vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)35 : 1
CEO total compensation$7,101,027
Median employee compensation$204,500
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Carlos M. HernandezIndependent · Board Chair · Compensation and Talent$103,578$384,876$0$0$0$488,455
Roberto HoornwegIndependent · Finance · Risk96,132212,98100—309,113
William F. CrugerIndependent · Nominating and Corporate Governance (Chair) · Audit · Finance133,750171,53100—305,281
Stephen P. CasperIndependent · Audit (Chair) · Compensation and Talent · Not standing for re-election127,500171,53100—299,031
Jane ChwickIndependent · Risk (Chair) · Nominating and Corporate Governance127,500171,53100—299,031
Nancy AltobelloIndependent · Compensation and Talent (Chair) · Nominating and Corporate Governance119,361171,53100—290,892
Richard G. KetchumIndependent · Audit · Risk117,500171,53100—289,031
Kourtney GibsonIndependent · Audit · Compensation and Talent113,750171,53100—285,281
Steven L. BegleiterIndependent · Finance (Chair)110,000171,53100—281,531
Emily H. PortneyIndependent · Risk103,750171,53100—275,281
Kenneth T. SchicianoIndependent · Audit · Partial-year service · Newly elected000000
Richard M. McVeyNot independent · Not standing for re-election · Departed during FY · Partial-year service000000
Douglas A. CifuIndependent · Compensation and Talent · Finance · Partial-year service · Newly elected000000
Christopher R. ConcannonEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$95,000
Annual equity retainer$170,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000
Stock ownership guideline$425,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,152,821
Equity awards (grant-date value)$1,970,105
All other compensation$0
Total cost of the board$3,122,926

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies MARKETAXESS HOLDINGS INC names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including MARKETAXESS HOLDINGS INC.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Tradeweb Markets Inc.2025Billy Hult$1,000,000$15,082,345$0$4,500,000$20,620,952
2Cboe Global Markets, Inc.2025Craig Donohue846,97014,742,57402,553,69918,347,037
3Virtu Financial, Inc.2025Aaron Simons850,0006,246,62501,065,25016,727,125
4ACI Worldwide, Inc.2025Thomas Warsop III750,00013,204,02701,018,87514,999,961
5Guidewire Software, Inc.2025Mike Rosenbaum750,00012,280,2030975,00014,012,061
6SEI Investments Company2025Ryan Hicke850,0002,150,0326,599,9422,200,00011,819,204
7Q2 Holdings Inc.2025Matthew Flake520,00010,372,9980552,87911,492,510
8Clearwater Analytics Holdings, Inc.2024Sandeep Sahai653,4007,799,9310823,28411,123,831
9BGC Group2025John Abularrage750,0001,416,05706,400,00011,066,057
10Hercules Capital, Inc.2025Scott Bluestein650,0005,047,162009,670,162
11Factset Research Systems, Inc.2025F. Philip Snow775,0003,750,1623,750,0931,171,3769,460,930
12nCino, Inc.2026Sean Desmond500,0008,083,3560486,1109,089,558
13Morningstar, Inc.2025Kunal Kapoor650,0006,251,74302,150,5779,070,695
14MARKETAXESS HOLDINGS INC2025Christopher Concannon750,0003,599,8811,208,6461,525,0007,101,027
15Cohen & Steers, Inc.2025Joseph Harvey600,0004,719,995006,991,951
16WisdomTree Investments, Inc.2025Jonathan Steinberg550,0003,507,589006,704,625
17Virtus Investment Partners, Inc.2025George Aylward650,0003,200,00002,442,0006,309,500

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
MARKETAXESS HOLDINGS INC86%PSU 50 · RSU 25 · Options 25NoFW Cook
ACI Worldwide, Inc.135.85%PSU 50 · RSU 50NoCompensia, Inc.
BGC Groupnot disclosedRSU 100not disclosedKorn Ferry
Cboe Global Markets, Inc.not disclosedRSU 50 · PSU 50YesMeridian
Clearwater Analytics Holdings, Inc.105%PSU 50 · RSU 50NoAon
Cohen & Steers, Inc.not disclosedRSU 100not disclosedMcLagan
Factset Research Systems, Inc.101%Options 50 · PSU 50NoMeridian Compensation Partners
Guidewire Software, Inc.130%RSU 50 · PRSU 50NoSemler Brossy
Hercules Capital, Inc.not disclosednot disclosednot disclosedFW Cook
Morningstar, Inc.111.4%MSU 75 · RSU 25NoPay Governance LLC
nCino, Inc.97.2%RSU 100not disclosedAon Human Capital Solutions
Q2 Holdings Inc.106.3%PSU 50 · RSU 50Yes — Relative TSRMercer
SEI Investments Company110%not disclosednot disclosedSemler Brossy Consulting Group, LLC
Tradeweb Markets Inc.150%PSU 66 · RSU 33Yes — Cumulative Absolute TSRClearBridge
Virtu Financial, Inc.not disclosednot disclosedNonot disclosed
Virtus Investment Partners, Inc.not disclosedRSU 50 · PSU 50Yes — Relative TSRMercer
WisdomTree Investments, Inc.127.6%RSU 50 · PSU 50NoFW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at MARKETAXESS HOLDINGS INC in fiscal 2025?
As disclosed, Christopher Concannon (Chief Executive Officer) was the highest-paid executive at MARKETAXESS HOLDINGS INC in fiscal 2025, with total compensation of $7,101,027.
How does MARKETAXESS HOLDINGS INC's chief executive pay compare to its disclosed peer group?
As disclosed, Christopher Concannon's total compensation ranked at the 19th percentile of MARKETAXESS HOLDINGS INC's disclosed peer group.
What is MARKETAXESS HOLDINGS INC's CEO-to-median employee pay ratio?
As disclosed, MARKETAXESS HOLDINGS INC's CEO-to-median employee pay ratio was 35:1.
How did shareholders vote on MARKETAXESS HOLDINGS INC's executive compensation?
As disclosed, 97.76% of shareholders supported MARKETAXESS HOLDINGS INC's executive compensation in the latest say-on-pay vote.
How much does MARKETAXESS HOLDINGS INC spend in total on board compensation for fiscal 2025?
As disclosed, MARKETAXESS HOLDINGS INC reported total board compensation of $3,122,926 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Christopher ConcannonDEF 14A2026-04-290001193125-26-191601Section “Summary compensation table”. As printed: 7,101,027. Filing ↗machine: t49 · r4 · c22 · span 1439393–1439402
2Section 01, Dean BerryDEF 14A2026-04-290001193125-26-191601Section “Summary compensation table”. As printed: 5,312,789. Filing ↗machine: t49 · r10 · c22 · span 1491653–1491662
3Section 01, Kevin McPhersonDEF 14A2026-04-290001193125-26-191601Section “Summary compensation table”. As printed: 2,764,805. Filing ↗machine: t49 · r13 · c22 · span 1517476–1517485
4Section 01, Ilene Fiszel BielerDEF 14A2026-04-290001193125-26-191601Section “Summary compensation table”. As printed: 2,626,972. Filing ↗machine: t49 · r7 · c22 · span 1465360–1465369
5Section 01, Christophe RoupieDEF 14A2026-04-290001193125-26-191601Section “Summary compensation table”. As printed: 2,596,742. Filing ↗machine: t49 · r19 · c22 · span 1569578–1569587
6Section 01, Naineshkumar PanchalDEF 14A2026-04-290001193125-26-191601Section “Summary compensation table”. As printed: 2,222,567. Filing ↗machine: t49 · r16 · c22 · span 1543449–1543458
7Section 03, Christophe Roupie RSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r25 · c13 · span 1733561–1733568
8Section 03, Christopher Concannon PSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t42 · r4 · c3 · span 1208946–1208955
9Section 03, Dean Berry RSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r15 · c13 · span 1680093–1680102
10Section 03, Naineshkumar Panchal PSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r22 · c13 · span 1717453–1717460
11Section 03, Naineshkumar Panchal RSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r22 · c13 · span 1717453–1717460
12Section 03, Kevin McPherson RSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r18 · c13 · span 1695959–1695966
13Section 03, Ilene Fiszel Bieler RSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r12 · c13 · span 1663995–1664002
14Section 03, Kevin McPherson PSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r18 · c13 · span 1695959–1695966
15Section 03, Christophe Roupie PSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r25 · c13 · span 1733561–1733568
16Section 03, Ilene Fiszel Bieler PSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r12 · c13 · span 1663995–1664002
17Section 03, Christopher Concannon RSUDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r7 · c13 · span 1637290–1637299
18Section 03, Christopher Concannon OPTIONDEF 14A2026-04-290001193125-26-191601Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t45 · r4 · c4 · span 1294563–1294572
19Section 07, pay ratioDEF 14A2026-04-290001193125-26-191601Section “CEO Pay Ratio”. As printed: 35 : 1. Filing ↗machine: span 2466583–2466587
20Section 08, Carlos M. HernandezDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 488,455. Filing ↗machine: t21 · r4 · c4 · span 530593–530839
21Section 08, Roberto HoornwegDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 309,113. Filing ↗machine: t21 · r11 · c4 · span 544613–544859
22Section 08, William F. CrugerDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 305,281. Filing ↗machine: r9 · c4 · span 540469–540715
23Section 08, Stephen P. CasperDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 299,031. Filing ↗machine: t21 · r7 · c4 · span 536524–536770
24Section 08, Jane ChwickDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 299,031. Filing ↗machine: t21 · r8 · c4 · span 538495–538741
25Section 08, Nancy AltobelloDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 290,892. Filing ↗machine: t21 · r5 · c4 · span 532568–532814
26Section 08, Richard G. KetchumDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 289,031. Filing ↗machine: t21 · r12 · c4 · span 546591–546837
27Section 08, Kourtney GibsonDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 285,281. Filing ↗machine: t21 · r10 · c4 · span 542444–542690
28Section 08, Steven L. BegleiterDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 281,531. Filing ↗machine: t21 · r6 · c4 · span 534547–534793
29Section 08, Emily H. PortneyDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 275,281. Filing ↗machine: r13 · c4 · span 548564–548810
30Section 08, Kenneth T. SchicianoDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 0. Filing ↗
31Section 08, Richard M. McVeyDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 0. Filing ↗
32Section 08, Douglas A. CifuDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 0. Filing ↗
33Section 08, Christopher R. ConcannonDEF 14A2026-04-290001193125-26-191601Section “Director Compensation”. As printed: 0. Filing ↗
34Section 02, William Quan 2026-05-01Form 42026-05-040001193125-26-204016Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Scott Pintoff 2026-05-11Form 42026-05-110001193125-26-216803Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Bieler Ilene Fiszel 2026-06-03Form 42026-06-030001193125-26-255462Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Douglas A. Cifu 2026-06-10Form 42026-06-120001193125-26-269467Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, William F. Cruger 2026-06-10Form 42026-06-120001193125-26-269453Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Roberto Hoornweg 2026-06-10Form 42026-06-120001193125-26-269459Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Carlos M. Hernandez 2026-06-10Form 42026-06-120001193125-26-269454Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Kourtney Gibson 2026-06-10Form 42026-06-120001193125-26-269461Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Steven L. Begleiter 2026-06-10Form 42026-06-120001193125-26-269456Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jane Chwick 2026-06-10Form 42026-06-120001193125-26-269462Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Kenneth T. Schiciano 2026-06-10Form 42026-06-120001193125-26-269457Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Emily H. Portney 2026-06-10Form 42026-06-120001193125-26-269463Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Richard G. Ketchum 2026-06-10Form 42026-06-120001193125-26-269458Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Nancy Altobello 2026-06-10Form 42026-06-120001193125-26-269472Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Scott Pintoff 2026-06-10Form 42026-06-120001193125-26-269471Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Carlos M. Hernandez 2026-06-18Form 42026-06-180001193125-26-275951Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Carlos M. Hernandez 2026-06-18Form 42026-06-180001193125-26-275951Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Scott Pintoff 2026-07-10Form 42026-07-100001193125-26-300917Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Jane Chwick 2026-08-07Form 42026-08-070001193125-26-340272Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Scott Pintoff 2026-08-10Form 42026-08-100001193125-26-342412Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Emily H. Portney 2026-08-12Form 42026-08-130001193125-26-349230Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Emily H. Portney 2026-08-12Form 42026-08-130001193125-26-349230Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, William F. Cruger 2026-09-10Form 42026-09-110001193125-26-389288Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Scott Pintoff 2026-09-10Form 42026-09-110001193125-26-389290Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Scott Pintoff 2026-10-12Form 42026-10-130001193125-26-420435Insider equity transaction reported since the proxy statement. Filing ↗
59Section 06, 2026 voteForm 8-K2026-06-100001193125-26-265854Item 5.07 · say-on-pay result. As reported: 97.76% (votes for as printed: 30,009,045). Filing ↗
60Section 06, 2025 voteForm 8-K2025-06-050000950170-25-082343Item 5.07 · say-on-pay result. As reported: 97.88% (votes for as printed: 30,971,737). Filing ↗
61Section 06, 2024 voteForm 8-K2024-06-070001193125-24-157428Item 5.07 · say-on-pay result. As reported: 93.68% (votes for as printed: 31,373,447). Filing ↗
62Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
63Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
64Section 09b board cost (computed)Computed——Cash 1,152,821 + equity 1,970,105 + all other 0 = 3,122,926, summed across the director compensation table rows.machine: formula: Σ = 3,122,926
65Tradeweb Markets Inc., Section 10b CEO totalDEF 14A2026-03-260001758730-26-000084CEO total compensation as printed in Tradeweb Markets Inc.'s own proxy. As printed: 20,620,952. Filing ↗machine: t94 · r2 · c7 · span 1617062–1617072
66Cboe Global Markets, Inc., Section 10b CEO totalDEF 14A2026-04-020001628280-26-022939CEO total compensation as printed in Cboe Global Markets, Inc.'s own proxy. As printed: 18,347,037. Filing ↗machine: r2 · c14 · span 1788944–1788954
67Virtu Financial, Inc., Section 10b CEO totalDEF 14A2026-04-290001104659-26-051774CEO total compensation as printed in Virtu Financial, Inc.'s own proxy. As printed: 16,727,125. Filing ↗machine: span 454007–454017
68ACI Worldwide, Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-162572CEO total compensation as printed in ACI Worldwide, Inc.'s own proxy. As printed: 14,999,961. Filing ↗machine: r6 · c34 · span 887084–887094
69Guidewire Software, Inc., Section 10b CEO totalDEF 14A2025-10-300001528396-25-000233CEO total compensation as printed in Guidewire Software, Inc.'s own proxy. As printed: 14,012,061. Filing ↗machine: r3 · c21 · span 777771–777781
70SEI Investments Company, Section 10b CEO totalDEF 14A2026-04-150000350894-26-000021CEO total compensation as printed in SEI Investments Company's own proxy. As printed: 11,819,204. Filing ↗machine: r2 · c7 · span 1080241–1080251
71Q2 Holdings Inc., Section 10b CEO totalDEF 14A2026-04-290001410384-26-000029CEO total compensation as printed in Q2 Holdings Inc.'s own proxy. As printed: 11,492,510. Filing ↗machine: span 684167–684177
72Clearwater Analytics Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-290001628280-25-020660CEO total compensation as printed in Clearwater Analytics Holdings, Inc.'s own proxy. As printed: 11,123,831. Filing ↗machine: t29 · r3 · c18 · span 1151764–1151774
73BGC Group, Section 10b CEO totalDEF 14A2026-10-080001213900-26-107974CEO total compensation as printed in BGC Group's own proxy. As printed: 11,066,057. Filing ↗machine: r1 · c18 · span 1087480–1087490
74Hercules Capital, Inc., Section 10b CEO totalDEF 14A2026-04-230001280784-26-000015CEO total compensation as printed in Hercules Capital, Inc.'s own proxy. As printed: 9,670,162. Filing ↗machine: r2 · c36 · span 384564–384573
75Factset Research Systems, Inc., Section 10b CEO totalDEF 14A2025-10-270001628280-25-046442CEO total compensation as printed in Factset Research Systems, Inc.'s own proxy. As printed: 9,460,930. Filing ↗machine: span 790783–790792
76nCino, Inc., Section 10b CEO totalDEF 14A2026-05-080001193125-26-214613CEO total compensation as printed in nCino, Inc.'s own proxy. As printed: 9,089,558. Filing ↗machine: t137 · r2 · c34 · span 465103–465112
77Morningstar, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-129081CEO total compensation as printed in Morningstar, Inc.'s own proxy. As printed: 9,070,695. Filing ↗machine: span 881694–881703
78MARKETAXESS HOLDINGS INC (subject), Section 10b CEO totalDEF 14A2026-04-290001193125-26-191601CEO total compensation as printed in MARKETAXESS HOLDINGS INC's own proxy. As printed: 7,101,027. Filing ↗machine: t49 · r4 · c22 · span 1439393–1439402
79Cohen & Steers, Inc., Section 10b CEO totalDEF 14A2026-03-200001284812-26-000030CEO total compensation as printed in Cohen & Steers, Inc.'s own proxy. As printed: 6,991,951. Filing ↗machine: r2 · c66 · span 492842–492851
80WisdomTree Investments, Inc., Section 10b CEO totalDEF 14A2026-04-290001214659-26-005251CEO total compensation as printed in WisdomTree Investments, Inc.'s own proxy. As printed: 6,704,625. Filing ↗machine: r1 · c6 · span 1941349–1941358
81Virtus Investment Partners, Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145685CEO total compensation as printed in Virtus Investment Partners, Inc.'s own proxy. As printed: 6,309,500. Filing ↗machine: r2 · c34 · span 636369–636378
82Section 10a, Guidewire Software, Inc. reciprocityDEF 14A—0001528396-25-000233Guidewire Software, Inc.'s most recent proxy was read; its disclosed peer group does not include MARKETAXESS HOLDINGS INC. Filing ↗
83Section 10a, nCino, Inc. reciprocityDEF 14A—0001193125-26-214613nCino, Inc.'s most recent proxy was read; its disclosed peer group does not include MARKETAXESS HOLDINGS INC. Filing ↗
84Section 10a, Clearwater Analytics Holdings, Inc. reciprocityDEF 14A—0001628280-25-020660Clearwater Analytics Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include MARKETAXESS HOLDINGS INC. Filing ↗
85Section 10a, Virtus Investment Partners, Inc. reciprocityDEF 14A—0001193125-26-145685Virtus Investment Partners, Inc.'s most recent proxy was read; its disclosed peer group does not include MARKETAXESS HOLDINGS INC. Filing ↗
86Section 10a, BGC Group reciprocityDEF 14A—0001213900-26-107974BGC Group names MARKETAXESS HOLDINGS INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, Tradeweb Markets Inc. reciprocityDEF 14A—0001758730-26-000084Tradeweb Markets Inc. names MARKETAXESS HOLDINGS INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
88Section 10a, Cboe Global Markets, Inc. reciprocityDEF 14A—0001628280-26-022939Cboe Global Markets, Inc. names MARKETAXESS HOLDINGS INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
89Section 10a, Virtu Financial, Inc. reciprocityDEF 14A—0001104659-25-037735Virtu Financial, Inc.'s most recent proxy was read; its disclosed peer group does not include MARKETAXESS HOLDINGS INC. Filing ↗
90Section 10a, Cohen & Steers, Inc. reciprocityDEF 14A—0001284812-26-000030Cohen & Steers, Inc.'s most recent proxy was read; its disclosed peer group does not include MARKETAXESS HOLDINGS INC. Filing ↗
91Section 10a, WisdomTree Investments, Inc. reciprocityDEF 14A—0001214659-26-005251WisdomTree Investments, Inc.'s most recent proxy was read; its disclosed peer group does not include MARKETAXESS HOLDINGS INC. Filing ↗
92Section 10a, Q2 Holdings Inc. reciprocityDEF 14A—0001410384-26-000029Q2 Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include MARKETAXESS HOLDINGS INC. Filing ↗

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