US Investment Grade*Based on the period between 1 January 2024 and 31 March 2024. Estimated liquidity taker price improvements is defined as the difference
between the winning price and the best disclosed dealer cover price. Estimated liquidity provider price improvements is defined as the
difference between the winning price and then current Composite+ bid or offer level (offer if the provider is buying, bid if provider is selling)
at the time of the inquiry.
Trading US IG
during Asia hours
As the leading electronic trading marketplace for US Investment Grade (IG) bonds, we offer access to a
broad pool of liquidity for more efficient trade execution. Over 2,000 institutional investors and dealers
have chosen MarketAxess to execute their credit trading strategies.
Trade with greater confidence, optimize your trading strategy and maximize price improvement on the
world’s largest electronic marketplace for US IG.
Portolio Trading
Execute large and complex bond portfolio
transactions in a single trade.
List Trading
Simultaneously execute multiple trades with
different liquidity sources.
Auto-X ™
Automate your trades with pre-set parameters
to drive efficiency and reduce execution cost.
Key protocols
Open Trading®
All-to-all trading, provide or take liquidity
anonymously.
Request-for-Quote (RFQ)
Discreetly request single, competitive bids or
offers from multiple dealers that you select.
Scheduled RFQs
Customize when you want to send RFQs to
maximise your trading outcomes.
Asia highlights for Q1 2024
48% trade volume growth year-over-year.
1 in 5 trades get done via our all-to-all
marketplace Open Trading®
.
Diverse pool of liquidity providers on platform
during Asia trading hours.
Global highlights for Q1 2024
Average daily trade volume of $7.48bn.
Nearly 20% estimated market share of TRACE US
Investment Grade trade volume.
1.7 bps of price improvement per trade via our
Open Trading® marketplace*.
between the winning price and the best disclosed dealer cover price. Estimated liquidity provider price improvements is defined as the
difference between the winning price and then current Composite+ bid or offer level (offer if the provider is buying, bid if provider is selling)
at the time of the inquiry.
Trading US IG
during Asia hours
As the leading electronic trading marketplace for US Investment Grade (IG) bonds, we offer access to a
broad pool of liquidity for more efficient trade execution. Over 2,000 institutional investors and dealers
have chosen MarketAxess to execute their credit trading strategies.
Trade with greater confidence, optimize your trading strategy and maximize price improvement on the
world’s largest electronic marketplace for US IG.
Portolio Trading
Execute large and complex bond portfolio
transactions in a single trade.
List Trading
Simultaneously execute multiple trades with
different liquidity sources.
Auto-X ™
Automate your trades with pre-set parameters
to drive efficiency and reduce execution cost.
Key protocols
Open Trading®
All-to-all trading, provide or take liquidity
anonymously.
Request-for-Quote (RFQ)
Discreetly request single, competitive bids or
offers from multiple dealers that you select.
Scheduled RFQs
Customize when you want to send RFQs to
maximise your trading outcomes.
Asia highlights for Q1 2024
48% trade volume growth year-over-year.
1 in 5 trades get done via our all-to-all
marketplace Open Trading®
.
Diverse pool of liquidity providers on platform
during Asia trading hours.
Global highlights for Q1 2024
Average daily trade volume of $7.48bn.
Nearly 20% estimated market share of TRACE US
Investment Grade trade volume.
1.7 bps of price improvement per trade via our
Open Trading® marketplace*.
US Investment GradeTop Asia dealers in Q1 2024
by trade volume during Asia trading hours
©2024 MarketAxess Holdings Inc. MarketAxess is a trading name of the aforementioned entities. The Company’s products may contain
information sourced from, and proprietary to, MarketAxess Post-Trade Limited. Information obtained from third party sources is not
independently verified. To the fullest extent permitted by applicable law, all warranties and representations are disclaimed. All information
presented is considered to be accurate at the time of writing, provided “as is” with no express or implied representations or warranties—
including, without limitation, in relation to fitness for purpose, accuracy, or completeness of contents—and is only intended to provide an
overview of the subject matter and not an exhaustive treatment thereof. Any information presented is not intended to represent an offer
or solicitation of any financial instrument. Proprietary information of the Company—all forms of copying prohibited. MarketAxess does
not make any representations that information and materials presented are appropriate for use in all jurisdictions, or that services offered
are available or indeed appropriate for sale or use in all jurisdictions, or by all potential clients. All information presented is for institutional
investor use only and may not be distributed to retail investors. Further disclosures can be found on our website at www.marketaxess.com.
Join Us. Join the World.
To schedule a demo, please contact your regional MarketAxess representative or for more information,
visit marketaxess.com
CP+™
Our award-winning AI-powered bond pricing
tool covering global credit and rates markets.
Updated continuously throughout the day, CP+
analyzes public, proprietary, and MarketAxess
platform data to provide price discovery.
CP+™ is now enhanced to price over 300,000
bonds across global corporate, rates, and
Emerging Markets.
Axess All ®
The first intra-day trade tape for the European
and APAC fixed income markets, covering the
most actively traded corporate, government,
covered, and Emerging Market bonds for both
hard and local currencies.
Axess All® PRINTS offers real-time transacted
prices covering global markets across European,
US and APAC trading hours.
Execute US IG in Price
You can now trade US IG instruments on a Price Protocol on the MarketAxess platform. All US Corporate
bonds, currently enabled on our existing US Spread Protocol, are also eligible for the new Price Protocol.
This protocol is currently supported for Single RFQ trading on our platform and by our Open Trading®
network—meaning you can access the world’s deepest credit liquidity pool.
New
by trade volume during Asia trading hours
©2024 MarketAxess Holdings Inc. MarketAxess is a trading name of the aforementioned entities. The Company’s products may contain
information sourced from, and proprietary to, MarketAxess Post-Trade Limited. Information obtained from third party sources is not
independently verified. To the fullest extent permitted by applicable law, all warranties and representations are disclaimed. All information
presented is considered to be accurate at the time of writing, provided “as is” with no express or implied representations or warranties—
including, without limitation, in relation to fitness for purpose, accuracy, or completeness of contents—and is only intended to provide an
overview of the subject matter and not an exhaustive treatment thereof. Any information presented is not intended to represent an offer
or solicitation of any financial instrument. Proprietary information of the Company—all forms of copying prohibited. MarketAxess does
not make any representations that information and materials presented are appropriate for use in all jurisdictions, or that services offered
are available or indeed appropriate for sale or use in all jurisdictions, or by all potential clients. All information presented is for institutional
investor use only and may not be distributed to retail investors. Further disclosures can be found on our website at www.marketaxess.com.
Join Us. Join the World.
To schedule a demo, please contact your regional MarketAxess representative or for more information,
visit marketaxess.com
CP+™
Our award-winning AI-powered bond pricing
tool covering global credit and rates markets.
Updated continuously throughout the day, CP+
analyzes public, proprietary, and MarketAxess
platform data to provide price discovery.
CP+™ is now enhanced to price over 300,000
bonds across global corporate, rates, and
Emerging Markets.
Axess All ®
The first intra-day trade tape for the European
and APAC fixed income markets, covering the
most actively traded corporate, government,
covered, and Emerging Market bonds for both
hard and local currencies.
Axess All® PRINTS offers real-time transacted
prices covering global markets across European,
US and APAC trading hours.
Execute US IG in Price
You can now trade US IG instruments on a Price Protocol on the MarketAxess platform. All US Corporate
bonds, currently enabled on our existing US Spread Protocol, are also eligible for the new Price Protocol.
This protocol is currently supported for Single RFQ trading on our platform and by our Open Trading®
network—meaning you can access the world’s deepest credit liquidity pool.
New
