All other revenue, which consists of technology products and services, information and user access fees, investment income and other revenue, decreased to $6.2 million, compared to $6.4 million for the fourth quarter of 2011.Total expenses for the fourth quarter of 2012 increased 9.9% to $28.9 million, compared to $26.3 million for the fourth quarter of 2011. The increase in expenses during the fourth quarter of 2012 was primarily due to higher professional and consulting fees and employee compensation and benefits costs. Fourth quarter 2012 expenses included approximately $1.0 million of Xtrakter acquisition-related costs. Fourth quarter 2011 expenses included an accounts receivable allowance provision and minority investment write-off aggregating approximately $1.5 million.
MarketAxess Reports Fourth Quarter 2012 Revenues Of $50.4 Million, Pre-Tax Income Of $21.5 Million And Diluted EPS Of $0.54, Or $0.36 Excluding An $0.18 Favorable Income Tax Adjustment
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