MarketAxess Wins Best OTC Derivatives Trading Platform
NEW YORK &
LONDON--(BUSINESS WIRE)--Feb. 8, 2012--
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading
electronic trading platform for U.S. and European high-grade corporate
bonds, emerging markets bonds and other types of fixed-income
securities, today announced it has been awarded Best OTC Derivatives
Trading Platform in the 2012 Wall Street Letter Institutional Trading
Awards.
Kevin McPherson, Head of Sales at MarketAxess, said: “We are pleased to
be recognized by the Wall Street Letter awards committee for our OTC
derivatives trading platform. We have been at the forefront of the OTC
electronic trading market for over a decade, and we have invested
heavily in our CDS trading capability in preparation for the forthcoming
regulatory changes. MarketAxess is well positioned to promote
transparency, competition and efficiency for OTC derivatives trading.”
MarketAxess has much of the core technology needed to meet the
anticipated regulatory requirements, and expects to register as a swap
execution facility (SEF) and security-based SEF under the Dodd-Frank
Act. MarketAxess Europe Ltd. is registered and regulated as a
multilateral trading facility.
Clients can trade CDS indices and single-names in both the U.S. and
Europe. Nine leading global dealers are providing streaming, executable
CDS index prices on the MarketAxess platform, and providing prices for
both CDS indices and single names via the MarketAxess RFQ protocol.
Additionally, MarketAxess incorporated the Request-for-Market (RFM)
protocol and the Streaming Markets/Click-to-Trade (CTT) protocol into
its updated single-screen user interface, giving clients full
flexibility in their means of execution.
About MarketAxess
MarketAxess operates a leading electronic trading platform that enables
investment industry professionals to efficiently trade corporate bonds
and other types of fixed-income instruments. MarketAxess’ patented
trading technology allows institutional investor clients to request
competitive, executable bids or offers from multiple broker-dealers
simultaneously, and to execute trades with the broker-dealer of their
choice. Over 850 institutional investors are active users of the
MarketAxess trading platform, accessing the global liquidity provided by
MarketAxess’ 87 broker-dealer clients in U.S. high-grade corporate
bonds, European bonds, high yield and emerging markets bonds, agency
bonds, asset-backed and preferred securities and credit default swaps.
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.
MarketAxess maintains its headquarters in New York and has offices in
London, Chicago, Salt Lake City, Singapore and Hong Kong. For more
information, please visit www.marketaxess.com.
Source: MarketAxess Holdings Inc.
US:
MarketAxess
Florencia Panizza,
+1-212-813-6029
fpanizza@marketaxess.com
William
McBride & Associates
Judith Flynn, +1-917-902-9726
jflynn@wmmcbride.com
UK:
MHPC
Charlie
Prichard, +44 (20) 3128 8554
marketaxess@mhpc.com