MarketAxess, provider of an electronic trading platform for fixed-income securities, and provider of market data and post-trade services for the global fixed-income markets, has launched a centralised fixed income trading marketplace.
The new marketplace integrates rates trading capabilities within the MarketAxess trading system.
By combining credit and rates trading capabilities into a single workstation, MarketAxess explained that its existing investor and dealer clients have greater flexibility in trading across the fixed income universe.
As well as this, clients are expected to gain efficient access to streaming, click-to-trade liquidity for on- and off-the-run US treasuries.
Steve Chylinski, head of fixed income trading with Eagle Asset Management, commented:
“Actively managing thousands of separately managed accounts demands access to broad liquidity sources and a streamlined operational workflow.”
He continued: “By connecting credit and rates trading capabilities into a single workstation, including combining streaming US treasury and all-to-all credit market liquidity, we can improve the efficiency of our portfolio management process.”
Nichola Hunter, head of rates with MarketAxess, said: “Since the acquisition of LiquidityEdge one year ago, we have made swift progress in integrating the businesses and delivering valuable trading solutions to our clients.”
Hunter added: “Our rates trading solution is differentiated by high-quality pricing through bespoke order books and streaming liquidity across the treasury curve. By combining our innovative rates trading technology with industry-leading credit market liquidity, clients and dealers benefit from a dynamic fixed income trading solution.”
Last month, Charles Schwab Investment Management and WisdomTree Asset Management became the first exchange-traded fund (ETF) issuers to use Virtu Financial's new eNAV ETF analytics tool, which features MarketAxess’ Composite+ pricing engine.
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