MarketAxess was formed in April of 2000 in response to investors' need for a single trading platform with easy access to multi-dealer research, new issues, and competitive pricing in a wide range of credit products. MarketAxess offers fully-disclosed trading in US high-grade corporates, emerging markets, and eurobonds. The platform also includes comprehensive fixed income research and new issue offerings from its leading group of global dealers.

We launched trading on our electronic platform with eight broker-dealer clients and approximately 60 institutional investor clients. We have consistently added new clients to our trading platform, increasing the number of broker-dealer clients to 30 and the number of institutional investor firms using our platform to over 670 as of December 31, 2007.