MarketAxess Taps MDX Tech for Data Distribution, Axes

MDX's platform will enable MarketAxess clients to access data and submit axes to its Open Trading marketplace via Excel spreadsheets.

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The solution recently went live after going through a proof-of-concept last year, and around two dozen MarketAxess clients are now using it, officials say. The first capability deployed was data distribution to clients—including some data from its Trax post-trade services and data business—followed by the ability to contribute axes. A third capability—set to go live this quarter—will allow users to respond to trading opportunities directly from Excel.

“Connectivity into our system is a very imp