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.


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