Julius Baer Goes Live With Pilot of MarketAxess’ New Order & Execution Workflow Solution, Axess IQ
November 21 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, announced today that Bank Julius Baer
& Co. Ltd (Julius Baer), one of the world’s leading private
banking groups, has gone live with a pilot version of MarketAxess’
new order and execution workflow solution, Axess IQ.
Axess IQ is designed to meet the needs of wealth
management and private banking community by improving liquidity
discovery, execution efficiency and alpha generation across
execution operations of firms with large numbers of individual
client orders. The connectivity of Axess IQ and the MarketAxess
trading network means clients can access unparalleled global fixed
income market liquidity with added order management and automation
capabilities. Axess IQ offers a unique combination of:
- liquidity and pricing data aggregation to better visualize
market depth and inform trading decisions;
- seamless OMS integration and optimised execution efficiency
with integration to Auto-X™ automated trading solutions and the
all-to-all Open Trading™ marketplace; and
- support for trading a range of diverse credit products
including U.S. Investment Grade, U.S. High Yield and Emerging
Market hard currency debt as a part of the pilot.
Following a successful implementation period,
this new solution allows Julius Baer to streamline and enhance
their order workflow and demonstrate best execution by utilizing
MarketAxess’ award-winning AI-powered Composite+™ pricing engine
for monitoring limit orders and MarketAxess’ Auto-X™ solution for
efficient, low-touch automated execution. Axess IQ will be made
available to additional clients post the pilot phase.
Stefan Rosskopf, Head of Fixed Income
Advisory and Execution with Julius Baer, commented: “Our
focus on service orientation and best execution are the pillars of
our success at Julius Baer. At a trade execution level, that means
ensuring the highest level of operational efficiency, counterparty
selection and price discovery for the client. It also means
efficiently managing order flow through more automated processes so
that our traders can focus on bigger sized or less liquid trades,
which many times need special attention or manual intervention.
Efficiency means being able to assess and access liquidity across
the broadest possible range of credit products and markets, as well
as supporting the trader in the counterparty selection. We’ve been
very pleased with the success of the Axess IQ pilot so far and look
forward to working with MarketAxess further as new functionality
and products are added.”
Christophe Roupie, Head of EMEA and APAC
with MarketAxess, said: “Execution desks at wealth
managers and private banks have very specific needs when it comes
to their execution workflow. Working with Julius Baer to deliver
the Axess IQ pilot has been an ideal partnership – marrying the
sophistication of Julius Baer’s global private banking team with
MarketAxess’ leading technology and market data to create the
right, tailored solution to those needs. We’re excited about what
this launch heralds as we roll out new Axess IQ technology to more
clients in 2020.”
About MarketAxess
MarketAxess operates a leading, institutional electronic trading
platform delivering expanded liquidity opportunities, improved
execution quality and significant cost savings across global
fixed-income markets. 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 traded through
MarketAxess’ patented trading technology in 2018. The global
community of 1,600 firms trading on MarketAxess today include the
world’s leading asset managers and institutional broker-dealers.
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 a 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.
MarketAxess Media Relations Contacts: |
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New York: |
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London: |
Kyle White |
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Toby West |
MarketAxess
Holdings Inc. |
MarketAxess
Holdings Inc. |
+1 212 813
6355 |
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+44 (0)20 7709
3270 |
kwhite@marketaxess.com |
twest@marketaxess.com |
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Davis
MacMillan |
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Tom Engleback |
RF |
Binder |
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Cognito |
+1 212 994
7509 |
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+44 (0)20 7426
9400 |
MarketAxessPR@rfbinder.com |
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marketaxess@cognitomedia.com |
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