As the leading multi-dealer new issue platform in the U.S. bond market, it’s no surprise that MarketAxess’ inventory and orders are growing rapidly. MarketAxess’ more than $126 billion in new issues offered since March 2001, including $44 billion in 2002, represents approximately 36% year-to-date of the new issue market, up from 18% in 2001. Users have submitted over $4 billion in orders over MarketAxess, with close to $1 billion in the first two weeks of March alone.

“We have been seeing significantly increased support from dealers, investors and issuers,” said Andrew Peisch, Head of Syndicate and Capital Markets. “There is growing recognition of the long-term benefits of MarketAxess for communicating information and executing new issue orders.”

“MarketAxess provides a direct comm-

unications link for investors to the syndicate desks. Over our system, investors receive information that complements their sales coverage, such as complete deal terms, management group and prospectus information, and automatic deal progression updates. Investors also have the ability to submit indications of interest in a new issue and receive allocations,” said Beth Dolis, Syndicate Manager.

Other features include a complete, up-to-date new issue calendar with term sheets, as well as historical pricing information on transactions offered through the platform. The efficiencies and increased market intelligence provided by the new issue function, along with research and secondary trading information, assist sales coverage in educating investors about all aspects of the new issue.