LONDON, Nov. 30, 2015 (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, took top honors for "Best Trading and Execution Technology" on Tuesday, November 24 at the HFM Week's inaugural Alt Credit Intelligence European Services Awards 2015 luncheon.
The awards from HFM Week's Inaugural Alt Credit Intelligence are based on a number of factors including product innovation, commercial success and business growth, and client testimonials.
The award acknowledges MarketAxess' innovative technology, and particularly Open Trading™, a centralized all-to-all electronic trading marketplace that provides access to a broader and more diverse liquidity pool of fixed income market participants, expanding the number of trading opportunities for credit products. Open Trading addresses global credit market participants' needs in a more liquidity-constrained environment. Over the past year, Open Trading has shown encouraging growth in volumes and client participation. In the third quarter, Open Trading volumes were $23 billion, up 130% from the same period in 2014.
For over 15 years, MarketAxess has been at the forefront of the global secondary credit markets, developing technology solutions that help our dealer and investor clients succeed. "We are pleased that the industry recognizes the innovations we have made to our fixed income trading platform," said Richard Schiffman, Head of Open Trading Product Management. "The growing adoption of Open Trading over the past two years demonstrates the importance of all-to-all trading as a valuable source of liquidity."
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, Hong Kong and Singapore. For more information, please visit www.marketaxess.com.
CONTACT: Julia Dehay MarketAxess Holdings Inc. +1 212 813 6013 firstname.lastname@example.org Bryant Park Financial Communications Judi Flynn +1 917 902 9726 email@example.com Cognito Media Paul Bowhay +44 (0) 20 7426 9417 firstname.lastname@example.org