High-Tech Disruptors of Bond Market Enjoy Stock Surge

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Shares of two electronic bond-trading companies have gained as some investors foresee market transformation

Shares of MarketAxess Holdings, which runs a major electronic platform for trading corporate bonds, rose 2.

3% on Wednesday, a day after the New York-based company reported strong June trading volumes. Its stock has climbed 60% since the beginning of the year, while the S&P 500 has gained just under 20%.

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