The Network for
Broader trading network. Lower transaction costs. Efficient trade execution. As the leader in electronic trading for the global institutional credit markets, MarketAxess is the network that over 900 active institutional investor firms rely on for depth of product, accuracy, reliability and efficiency.
MarketAxess CEO Rick McVey discusses the need for innovative liquidity solutions for today’s credit markets in Fortune.
Watch Rick McVey, Chairman and CEO of MarketAxess, discuss trends in the credit market on CNBC Europe’s SquawkBox; February 2014.
The first independent all-to-all central limit order book (CLOB) for CDS single names.
MarketAxess is an innovative, award-winning electronic trading platform delivering valuable technology solutions for the institutional credit markets.
MarketAxess' leading electronic trading platform enables institutional investors and broker-dealers in North America, Europe, Latin America and Asia to efficiently trade corporate bonds and other types of fixed-income securities. Its patented request-for-quote (RFQ) technology enables U.S. institutional market participants around the world to request and receive simultaneous, competitive and executable bids or offers from multiple global and regional dealers, and other liquidity providers. Over 1000 investor and broker-dealer firms are active users of the MarketAxess trading platform.
The trading system supports electronic trading in U.S. high-grade corporate bonds, eurobonds, high yield/crossover bonds, emerging markets bonds, U.S. agency securities and credit default swaps (CDS).
Since MarketAxess' inception, total global trading volume has exceeded $3 trillion. In this time, MarketAxess has introduced numerous electronic trading innovations including:
- The first multi-dealer disclosed trading platform for U.S. high-grade corporate bonds
- The first electronic Treasury benchmarking for U.S. high-grade corporate bond trades
- Corporate BondTicker™, our market data product, combining FINRA TRACE bond data with MarketAxess data and analytical tools
- Integrated Eurobond pricing data from Trax®
- Patented electronic bid and offer list technology for corporate bond trading
- The first disclosed client to multi-dealer trading platform for CDS indices
Straight Through Processing (STP) tools allow clients to create, negotiate and execute orders, deliver trade allocations to dealer counterparties and receive allocation acknowledgements - all with seamless front-to-back office system integration. While STP connectivity can help investor clients to realize the full benefits of electronic trading, MarketAxess also offers API (application program interface) solutions to the dealer community.
In 2013, MarketAxess was named the FS Tech ‘Technology Provider of the Year’ and was awarded Banking Technology’s ‘Best Industry Infrastructure Initiative’ for Open Trading.