Our flagship U.S. High Grade corporate bond platform is only getting better as we seek to provide a comprehensive suite of services for the credit markets. Several new features requested by clients and dealers are here or coming soon:

Auto-Spotting - In response to client requests for a faster and easier spotting process, MarketAxess will soon be

investors more flexibility in trading benchmark issues.

Sales View - a window into the U.S. high grade system that will give dealer salespeople access to their clients’ inquiry and trading activity with the dealer firm in real-time. Sales View will enable salespeople to be more productive by streamlining the trade execution process and keeping axes in front of clients

able to receive live Treasury price feeds from our dealers. Dealers will be able to “auto-spot” their trades instantaneously for clients following spread agreement. Clients will be able to progress from spread agreement to spot, to price - in seconds.

Money Market Equivalents - Clients can now trade short maturity corporate bonds on a yield basis via a streamlined one-step trading process.

ACTIVEs Inquiries - Clients now have two ways to trade the most active corporate bonds on MarketAxess: either by executing the best bid or offer on the ACTIVEs page, or by launching a multi-dealer inquiry from the ACTIVEs page. The new multi-dealer inquiry option from the ACTIVEs page will give

throughout the trading day. Salespeople can intervene to assist clients on trades as necessary and have more time to provide clients valuable market color and trade ideas.

Historical Bond Data Analysis - Soon users will have access to the historical spread data that MarketAxess has been archiving since we started trading in January 2001. For the first time, users will be able to view and graph historical trading information from 12 dealers on over 2,000 securities (see sample graph). Such data has never before been available to market participants. And that’s just the beginning. We will continue to add more sophisticated charting capabilities and analytics using our indicative and transaction data.