MarketAxess Goes Live with Preferred Stock Trading


Electronic fixed-income trading venue MarketAxess branched out into trading preferred stock earlier this week after two months of beta-testing the functionality, officials tell SST.

"The market is opaque and illiquid, which makes a perfect recipe for electronic trading," says Kelley Millet, president of MarketAxess. "Keep in mind that although it's called ‘preferred stock,' it trades like a debt-like instrument.”

The new asset class trades using a similar protocol as the emerging market and high

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: