Business description of MARKETAXESS-HOLDINGS-INC from last 10-k form

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/s/    PRICEWATERHOUSECOOPERS LLP
PRICEWATERHOUSECOOPERS LLP
MARKETAXESS HOLDINGS INC.
By:   /s/    RICHARD M. MCVEY
  Richard M. McVey
  Chief Executive Officer
  Date: February 17, 2012