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MarketAxess Wins OTC Trading Platform of the Year Award From GlobalCapital Derivatives
LONDON, Sept. 19, 2014 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, was named OTC Trading Platform of the Year last night at the annual Global Derivatives Awards from GlobalCapital Derivatives. This award acknowledges MarketAxess' superior credit derivatives trading platform, including MarketAxess SEF and Non-SEF trading for CDS indices, as well as its unique CDS single-name offering, which includes the MATCH Central Limit Order Book (CLOB).
The awards from GlobalCapital are based on a number of factors including client feedback, uniqueness of approach, and innovation. According to GlobalCapital, "MarketAxess' strength of client feedback has distinguished itself from the rest of the nominees. Their breadth of product offering, liquidity provision and platform enhancements were highly praised by investors."
MarketAxess was the first client-to-multi dealer e-trading platform to offer CDS indices in 2005. Since then, MarketAxess has developed advanced functionality such as the Central Limit Order Book and Request-for-Quote (RFQ) functionality that enables market participants to trade anonymously with all other market participants.
"We are honored that the industry recognizes the quality of our credit derivatives platform. We have always been focused on developing the most extensive and flexible trading functionality based on our clients trading execution needs for CDS indices and single-names. This award is a great recognition of the work that our CDS team has accomplished," said Grigorios Reppas, CDS Product Manager at MarketAxess.
MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. Over 1,000 institutional investor and broker-dealer firms are active users of the MarketAxess trading platform, accessing global liquidity in U.S. high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, U.S. agency bonds, credit default swaps and other fixed-income securities. MarketAxess SEF Corporation has received temporary registration from the U.S. Commodity Futures Trading Commission to operate a swap execution facility. MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients. Through its Trax® division, MarketAxess also offers a range of pre- and post-trade services, including trade matching, regulatory transaction reporting and market and reference data, across a range of fixed-income products. Trax is the trading name of Xtrakter Ltd., a MarketAxess group company.
MarketAxess maintains its headquarters in New York and has offices in London, Boston, Chicago, Los Angeles, Salt Lake City, São Paulo and Singapore. For more information, please visit www.marketaxess.com.
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