MarketAxess Launches Suite of U.S. Investment Grade Indexes
April 15 2019 - 08:30AM
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading
electronic trading platform for fixed-income securities, and the
provider of market data and post-trade services for the global
fixed-income markets, today launched a suite of market and trading
performance indexes for the U.S. Investment Grade credit market.
The suite of indexes offers new insights into credit market
pricing, liquidity and trading costs, which can be used to enhance
the trading performance of a portfolio that tracks an index or
underlies an ETF.
Each index is based on a universe of securities
derived from the award-winning Composite+™ (CP+) algorithmic
pricing engine. CP+ leverages a universe of over 24,000 bonds from
the public FINRA Trade Reporting and Compliance Engine (TRACE) and
proprietary data from the MarketAxess trading platform and Trax®.
This unique mix of transacted data from multiple sources means the
MarketAxess U.S. Investment Grade Indexes offer a unique view of
the market when selecting a portfolio of bonds or creating an
index.
The MarketAxess U.S. Investment Grade Market
Indexes are updated daily, and provide measures in price, spread,
yield and bid-ask terms.
- MarketAxess U.S. Investment Grade Price Index
- MarketAxess U.S. Investment Grade Spread Index
- MarketAxess U.S. Investment Grade Yield Index
- MarketAxess U.S. Investment Grade Bid-Ask (bps) Index
- MarketAxess U.S. Investment Grade Bid-Ask ($) Index
Chris Concannon, President and Chief Operating
Officer with MarketAxess, commented, “Our proprietary,
award-winning data allows index providers and portfolio managers to
select and optimize their portfolios with instruments that are more
liquid and statistically trade at lower trading costs. In the case
of fixed income ETFs, we believe our data and analytical tools will
create ETF products that can trade more efficiently and can achieve
lower trading costs.”
In addition, available publicly for the first
time, the MarketAxess U.S. Investment Grade Trading Performance
Indexes will offer a view of the relative “over-performance” or
“under-performance” associated with venue selection.
- MarketAxess U.S. Investment Grade TRACE Trading Performance
Index
- MarketAxess U.S. Investment Grade MKTX Trading Performance
Index
- MarketAxess U.S. Investment Grade Voice Trading Performance
Index
When trading U.S. Investment Grade credit on the
MarketAxess platform, participants had an estimated improvement of
0.9 bps in yield per bond in March 2019 versus when trading away
from MarketAxess. Both investors and dealers are actively analyzing
market performance metrics and reviewing venue selection to ensure
they are maximizing returns.
The entire suite of indexes, downloadable
historical data files and methodology information can be found on
the MarketAxess website: www.marketaxess.com/index
About MarketAxessMarketAxess
operates a leading, institutional electronic trading platform
delivering expanded liquidity opportunities, improved execution
quality and significant cost savings across global fixed-income
markets. More than 1,500 firms – comprising the world’s
leading asset managers and institutional
broker-dealers – traded a record $1.7 trillion of U.S.
investment-grade bonds, U.S. high yield bonds, emerging market
debt, Eurobonds and other fixed income securities through
MarketAxess’ patented trading technology in 2018. MarketAxess’
award-winning Open Trading™ marketplace is regarded as the
preferred all-to-all trading solution in the global credit markets,
creating a unique liquidity pool for the broad range of credit
market participants. Drawing on its deep data and analytical
resources, MarketAxess enables automated trading solutions and,
through its Trax® division, provides a range of pre- and
post-trade services and products.
MarketAxess is headquartered in New York and has
offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami,
Salt Lake City, San Francisco, São Paulo, Hong Kong and Singapore.
For more information, please visit www.marketaxess.com.
Media Relations Contacts:Kyle
WhiteMarketAxess Holdings Inc.+1 212 813
6355kwhite@marketaxess.com
Davis MacMillanRF | Binder+1 212 994
7509MarketAxessPR@rfbinder.com
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