The Global Credit Markets Have Changed - Has your trading strategy?
MarketAxess All-to-All Open Trading™ is a new way to trade corporate, municipal, emerging market bonds and CDS.
MarketAxess Open Trading is the leading, all-to-all institutional corporate, municipal, emerging market bonds and credit default swap (CDS) marketplace. Our flexible, intelligent technology is based on a proven model that's been redefining the credit markets for more than a decade. The Open Trading protocols are seamlessly integrated into MarketAxess' well-established client-to-multi-dealer request-for-quote (RFQ) trading system, resulting in single-screen access for all market liquidity.
Open Trading Case Studies
Competing for returns in today's bond market demands fresh thinking. Traditional approaches to finding liquidity can fall short in a global market fundamentally reshaped by regulation and technology.
That's why investors are taking a hard look at new approaches to achieving the quality execution and cost-savings needed to deliver competitive returns and sustain profitability. At the heart of investors' new thinking is a drive to expand liquidity options and access the full range of trading opportunities in electronic markets.
Below, two institutions tell how they retooled their approaches, incorporating Open Trading™ to help them tap new liquidity sources, sharpen execution, lower costs and manage risks.
Open Trading Analyst Coverage
Recent Greenwich Associates study confirms the growing importance of "all-to-all" trading – September 2016
In the recent report "Understanding the U.S. Fixed - Income Market" interviewing about 4,000 institutional investors active in fixed income globally, Greenwich Associates confirms the growing importance of "all-to-all" trading to market participants and believes it will continue its steady growth over time.
The corporate bond market's adoption of Open Trading, MarketAxess' “all-to-all" trading solution, has been accelerating for some time. Over 93,000 bond transactions were completed on Open Trading in the second quarter of 2016, up from 38,000 in the year-earlier quarter.
Latest Open Trading Research from MarketAxess
The Rise of the Buy-Side as a Price Maker
- by Gareth Coltman, Head of European Product Management, MarketAxess
Open Trading™ offers new trading opportunities in the high-yield markets
- by Sandy White, High-Yield and Emerging Markets Product Manger, MarketAxess
Open Trading has rapidly grown into a leading centralized source for global bond market liquidity.
Unleash the power and trade with the broadest network of investors and dealers.
Latest Open Trading Quarterly Update >> Download
OPEN TRADING IN THE NEWS
MarketAxess muscles into US bond trading as banks retreat
- Joe Rennison (in New York)