MarketAxess looks to proprietary data and automation with new offerings
The fixed-income trading provider’s Adaptive Auto-X automation tool and new data offerings were a bright spot amid lackluster Q2 earnings.
Despite “dramatically” low volatility in the second quarter of the year that wasn’t friendly to fixed income and other asset classes, MarketAxess is setting its sights on proprietary data and automation to bring more clients to its platforms.
During the trading technology provider’s Q2 earnings call on June 20, chief executive officer Chris Concannon highlighted his company’s newer offerings as part of its strategy. “The initiatives we launched this quarter will be critical in addressing the
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