MarketAxess Stockholders Approve Merger With Intercontinental Exchange

MarketAxess stockholders on Thursday approved the company's merger agreement with Intercontinental Exchange, a deal under which MarketAxess would become a wholly owned subsidiary of ICE, according to an 8-K MarketAxess filed after the vote.

The merger agreement proposal received 28,241,324 votes in favor, 34,133 against and 38,825 abstentions at a virtual special meeting held Oct. 29, the filing showed.

The tally

As of the Sept. 16 record date, MarketAxess had 35,197,197 shares of common stock outstanding, each entitled to one vote. A total of 28,314,282 shares, or about 80.4% of the voting power, were present virtually or by proxy, establishing a quorum.

That means holders of roughly 99.7% of the shares represented at the meeting voted for the deal, and about 80% of all outstanding shares backed it.

Pay and adjournment votes

Stockholders also approved, on a non-binding advisory basis, the compensation that may be paid to MarketAxess' named executive officers in connection with the merger, by 28,011,448 votes for, 291,308 against and 11,526 abstaining.

A proposal allowing the meeting to be adjourned if needed to solicit more proxies drew 26,975,539 votes for, 1,308,994 against and 29,749 abstentions.

What comes next

Under the agreement, dated July 29, 2026, an ICE subsidiary called Igloo Merger Sub II will merge into MarketAxess, with MarketAxess surviving as a wholly owned ICE subsidiary.

The deal still needs to satisfy remaining customary closing conditions, including other required regulatory approvals, the company said. MarketAxess said it expects the merger to close in the first quarter of 2027.

MarketAxess referred stockholders to the definitive proxy statement it filed with the SEC on Sept. 18, 2026, for more detail on each proposal. The vote results were disclosed in an 8-K accepted by the Securities and Exchange Commission shortly after 4 p.m. ET Thursday.

Sources

1. MarketAxess Form 8-K with special meeting vote results (Item 5.07), filed Oct. 29, 2026 (accession 0001193125-26-437772)

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