MarketAxess Brings Efficiency to Portfolio Trading Protocols
June 19 2019 - 8:00AM
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 announced the development of a
Portfolio Trading solution.
In response to the recent growth in portfolio
trading across the fixed income market and the growth of Fixed
Income ETFs, MarketAxess plans to launch an innovative Portfolio
Trading solution for its over 1,500 global institutional investor
and dealer firms. MarketAxess’ Portfolio Trading solution will
streamline the trading experience by allowing participants to:
- Trade on both price and spread for hundreds of different bonds
with flexible negotiation options;
- Submit inquiries to leading liquidity providers for improved
competitive pricing;
- Connect directly to OMS providers; and
- Access award-winning market data and pricing analytics to
optimize portfolio pricing and execution quality.
Chris Concannon, President and Chief Operating
Officer, commented, “Improving trading efficiency and the certainty
of execution for clients is our top priority. Our Portfolio Trading
protocol will help address both priorities by creating a
streamlined solution for institutional investors to market and
transact large, customized, fixed income portfolios that ultimately
demonstrates best execution with competitive pricing and
industry-leading analytics.”
The new Portfolio Trading solution integrates
MarketAxess’ proprietary A.I.-powered algorithmic pricing engine,
Composite+™ (CP+), throughout the trading workflow. 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 improves pricing accuracy for
complex portfolios, even with more illiquid instruments.
Portfolio Trading will initially be available
for price and spread disclosed-trading and will expand into
MarketAxess’ anonymous all-to-all Open Trading™ protocols, bringing
further global liquidity options. Portfolio Trading is expected to
launch in the Autumn of 2019.
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 White (New York) |
Toby West (London) |
MarketAxess Holdings Inc. |
MarketAxess Holdings Inc. |
+1 212 813 6355 |
+44 (0)20 7709 3270 |
kwhite@marketaxess.com |
twest@marketaxess.com |
|
|
Davis MacMillan |
|
RF | Binder |
|
+1 212 994 7509 |
|
MarketAxessPR@rfbinder.com |
|
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