MarketAxess Launches Open Trading for Local Currency Bonds, Expanding Emerging Markets Offering

MarketAxess Holdings Inc., the operator of a leading electronic trading platform for fixed-income securities, has announced the launch of Open Trading for local currency bonds in emerging markets. The initial phase will support Poland (PLN), Czech Republic (CZK), Hungary (HUF), and South Africa (ZAR).

This enhancement to MarketAxess’ end-to-end global emerging markets offering aims to connect local onshore dealers with international buyside clients, significantly deepening the liquidity pool. The all-to-all trading solution allows clients and dealers to trade on an equal basis. In the first half of 2023, emerging markets local currency bonds accounted for over 40% of MarketAxess’ global volumes of $360 billion.

Christophe Roupie, Head of EMEA and APAC at MarketAxess, expressed the company’s commitment to meeting the demands of their global clients. He stated, “Expanding Open Trading in these four new local markets is only the first step, and we hope to expand the model further to more local currencies in the first half of next year.”

MarketAxess’ Open Trading, launched in 2012, is a leading all-to-all trading environment for corporate bonds. It facilitates price improvement by creating a global, diversified pool of liquidity where institutional investors, dealer clients, and alternative liquidity providers can interact either on a disclosed or anonymous basis.

For more information on Open Trading for emerging markets local currency bonds, visit MarketAxess’ website.

About MarketAxess:
MarketAxess operates a leading electronic trading platform that offers greater trading efficiency, a diverse liquidity pool, and significant cost savings to institutional investors and broker-dealers in the global fixed-income markets. With over 2,000 firms leveraging its technology, MarketAxess connects market participants through an advanced full trading lifecycle solution, including automated trading, intelligent data and index products, and post-trade services.

Please note that this article is based on a press release and does not contain any additional information beyond what is provided.