MarketAxess Expands Liquidity in European Credit With Addition of 4 Dealers

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 recently enhanced its European credit trading platform with the addition of a further 4 market-making broker-dealers. The new dealers providing liquidity to institutional investors in European credit are: 

Australia and New Zealand Bank (ANZ),

Canadian Imperial Bank of Commerce (CIBC)

, 

Mizuho

, and

Toronto-Dominion (TD).

 This brings the total number of broker-dealers on the European platform to 34.

Through its Singapore branch, MarketAxess Europe has also recently enhanced liquidity in Asian credit with the addition of DBS Bank. This brings the total number of broker-dealers providing liquidity for Asia Credit during Asia trading hours to 26.

Today, over 90 global broker-dealers are active participants on the MarketAxess system, providing liquidity in a broad range of credit instruments including U.S. high-grade corporate bonds, European bonds, high-yield bonds, emerging markets bonds, agency bonds, asset-backed and preferred securities and credit default swaps.

Graham Halliday, Head of Fixed Income Trading, Mizuho, comments: "We are delighted to add MarketAxess to our existing electronic trading offering for European credit. Broadening investor coverage is essential in further enhancing our established profile in this area. Electronic trading is the key medium underpinning the rapid growth of our European credit franchise."

Michael Murphy, Head of Investment Grade Trading, Toronto-Dominion Bank (TD), added: "Following our very successful launch on the MarketAxess platform in the U.S. in 2014, we are excited to join MarketAxess Europe and continue growing TD's global credit franchise."

Chris Jones, Head of Dealer Sales, MarketAxess Europe, comments: "MarketAxess is committed to providing global credit market participants with unparalleled trading technology, and a broad and diverse liquidity pool. The addition of these new dealers and advances in our trading functionality has further bolstered our offering in Europe. European trading volumes, so far this year, have more than doubled compared to the same period last year, and this strong growth is testament to our focus on continually improving the liquidity available to our European clients."  

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 1,000 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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