June 15, 2010 (FinancialWire) — MarketAxess Holdings Inc. (NASDAQ: MKTX) said that its board of directors has approved a $30 million share repurchase program authorizing the company to repurchase shares of its common stock.

The program is effective immediately and is expected by MarketAxess to be completed within 24 months. The company said that the purpose of the stock repurchase program is to offset increases in the diluted share count.

MarketAxess said that the share repurchases are not expected to have a material impact on earnings per share in 2010.

New York-based MarketAxess operates an electronic trading platform that enables investment industry professionals to trade corporate bonds and other types of fixed-income instruments. The firm has offices in London, Chicago and Salt Lake City.

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