MarketAxess Expands Liquidity in European Credit With Addition of 4 Dealers
01 April 2015 - 06:30PM
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, has recently enhanced its European credit
trading platform with the addition of a further 4 market-making
broker-dealers. The new dealers providing liquidity to
institutional investors in European credit are:
Australia
and New Zealand Bank (ANZ), Canadian Imperial Bank
of Commerce (CIBC),
Mizuho, and
Toronto-Dominion (TD). This brings the total
number of broker-dealers on the European platform to 34.
Through its Singapore branch, MarketAxess Europe has also
recently enhanced liquidity in Asian credit with the addition of
DBS Bank. This brings the total number of
broker-dealers providing liquidity for Asia Credit during Asia
trading hours to 26.
Today, over 90 global broker-dealers are active participants on
the MarketAxess system, providing liquidity in a broad range of
credit instruments including U.S. high-grade corporate bonds,
European bonds, high-yield bonds, emerging markets bonds, agency
bonds, asset-backed and preferred securities and credit default
swaps.
Graham Halliday, Head of Fixed Income Trading, Mizuho, comments:
"We are delighted to add MarketAxess to our existing electronic
trading offering for European credit. Broadening investor coverage
is essential in further enhancing our established profile in this
area. Electronic trading is the key medium underpinning the rapid
growth of our European credit franchise."
Michael Murphy, Head of Investment Grade Trading,
Toronto-Dominion Bank (TD), added: "Following our very successful
launch on the MarketAxess platform in the U.S. in 2014, we are
excited to join MarketAxess Europe and continue growing TD's global
credit franchise."
Chris Jones, Head of Dealer Sales, MarketAxess Europe, comments:
"MarketAxess is committed to providing global credit market
participants with unparalleled trading technology, and a broad and
diverse liquidity pool. The addition of these new dealers and
advances in our trading functionality has further bolstered our
offering in Europe. European trading volumes, so far this year,
have more than doubled compared to the same period last year, and
this strong growth is testament to our focus on continually
improving the liquidity available to our European clients."
About MarketAxess
MarketAxess operates a leading electronic trading platform that
enables fixed-income market participants to efficiently trade
corporate bonds and other types of fixed-income instruments using
MarketAxess' patented trading technology. Over 1,000
institutional investor and broker-dealer firms are active users of
the MarketAxess trading platform, accessing global liquidity in
U.S. high-grade corporate bonds, emerging markets and high-yield
bonds, European bonds, U.S. agency bonds, credit default swaps and
other fixed-income securities. MarketAxess SEF Corporation has
received temporary registration from the U.S. Commodity
Futures Trading Commission to operate a swap execution
facility. MarketAxess also offers a number of trading-related
products and services, including: market data to assist clients
with trading decisions; connectivity solutions that facilitate
straight-through processing; technology services to optimize
trading environments; and execution services for exchange-traded
fund managers and other clients. Through its Trax® division,
MarketAxess also offers a range of pre- and post-trade services,
including trade matching, regulatory transaction reporting and
market and reference data, across a range of fixed-income products.
Trax is the trading name of Xtrakter Ltd., a MarketAxess group
company.
MarketAxess maintains its headquarters in New York and has
offices in London, Boston, Chicago, Los Angeles, Salt Lake City,
São Paulo and Singapore. For more information, please
visit www.marketaxess.com.
CONTACT: Media contacts
MarketAxess Holdings Inc.
Florencia Panizza
+1 212 813 6029
fpanizza@marketaxess.com
Cognito
Paul Bowhay
+44 (0)20 7426 9400
marketaxess@cognitomedia.com
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