Protocols include anonymous request-for-quote and customizable market alerts.
MarketAxess has expanded its suite of electronic trading protocols in an attempt to help investors and broker-dealers more effectively source liquidity in the credit markets.
MarketAxess's electronic trading platform includes an anonymous request-for-quote (RFQ) trading protocol, first introduced two months ago, and customizable market alerts. MarketAxess is regulated as an alternative trading system in the US, and the new functionality, it says, is a first for the space. New enhancements also include upgrades to its Market Lists capability, which allows any market order to be displayed, anonymously, to participants on the platform.
"Incoming regulations such as Basel III are placing greater pressure on dealer balance sheets and credit market liquidity," says Rick McVey, chairman and CEO of MarketAxess. "In response to these significant shifts in market structure, we are expanding our suite of electronic trading options. These new liquidity solutions will provide greater flexibility for both dealer and investor clients as they adjust to the new regulatory environment."
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