SINGAPORE and HONG KONG – 6 December 2016 – 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, has been awarded Best Trading Platform of 2016 by the Asian Private Banker Technology Awards.
The awards celebrate innovations and achievements among financial technology providers to Asia’s fast growing private bank and wealth management sector. Factors considered for the Best Trading Platform award included innovation, seamless front office integration, ease of use and trading volumes.
"Investors and regulators alike are demanding increased transparency and cost-savings when it comes to electronic trading - and MarketAxess delivers. With efficient RFQ technology, electronic audit trails, straight-through processing and a wide reach to dealers, MarketAxess is the standout Trading Platform in 2016", commented Priyanka Boghani, Chairperson of the Judging Panel and Senior Reporter, Asian Private Banker.
Philipp Sterner, Head of Asia Sales, MarketAxess said: “We’re very pleased to have been recognized by Asian Private Banker as the Best Trading Platform. As an industry pioneer in electronic trading, we remain committed to growing our global network, and strengthening our regional presence across Asia-Pacific through sustained support of both liquid and less liquid fixed income instruments, bringing efficiency, transparency and cost savings to a fragmented Asian marketplace.”
Asia-Pacific buy- and sell-side firms are able to trade Asian credits, Asian sovereign debt and emerging markets bonds in both hard and local currencies, U.S. corporate bonds and European corporate and sovereign bonds, on a single platform.
Demonstrating the innovation required by the award criteria, MarketAxess announced the expansion of Open Trading during Asia trading hours in September 2016, allowing all global MarketAxess system participants to source liquidity from one another through a single, independent and efficient network for credit trading across all trading time zones. The expansion of Open Trading allows for local support during Asian trading hours, giving local Asian investors and dealers greater flexibility in their electronic trading strategy plus the ability for global trading desks to access Open Trading liquidity at any time. In the third quarter of 2016, $44 billion in traded volume was conducted via Open Trading protocols on the MarketAxess platform, up 92% from the prior year.
More information about the Asian private Banker Technology Awards can be found here.
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About 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 1,100 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.
About Asian private Banker and the Technology Awards
The Asian Private Banker Technology Awards recognise innovative and practical vendors whose solutions are transforming the region's private banking and wealth management industry. This year, over 100 submissions across 16 categories were received from just over 50 financial technology firms with private banking tech offerings in Asia. Our selection methodology is straightforward and transparent: pitches are received both in written form and in-person. Each and every submission is then analysed and discussed by Asian Private Banker’s independent editorial team.
Based exclusively in Asia, Asian Private Banker is the region’s largest and best-connected bureau of journalists and researchers delivering independent, authoritative and indispensable commentary solely focused on Asia’s unique private banking, family office, and wealth management communities.
Find out more at www.asianprivatebanker.com.
Media Contacts
MarketAxess Holdings Inc. Cognito
Kyle V. White Tim Williamson
+44 (0)20 7709 3219 +65 6221 7310
kwhite@marketaxess.com Tim.Williamson@cognitomedia.com