Technology Crossover Ventures Cuts MarketAxess Stake

Technology Crossover Ventures has cut its stake in MarketAxess Holdings Inc. to 1.9%, Reuters reported. The private equity firm held a reported 5.5% of the company in May, making it one of the largest shareholders. MarketAxess, which has a market value of $914 million, was formed in 2000 by Bear Stearns, Chase Manhattan and J.P. Morgan to create an online multi dealer credit markets platform, Reuters wrote.

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