TraX®
What is TraX?
TraX is a leading source of fixed income market data, offering market volumes and prices on more than 42,000 fixed income instruments. Powered by real-time contributions from over 50 market participants across Europe, Asia and CEEMEA, TraX delivers reliable, platform-agnostic, and clean data that captures approximately 85% of the European credit market and with over 15 contributors located in Asia.
coverage of the European Credit Market*
global trades captured daily*
unique ISINs*
Enhancing data usability and market visibility under new regulatory changes
Europe’s bond transparency rules are increasing data, not necessarily clarity. This article explains why usability, cleansing, and context matter now more than ever, and how MarketAxess TraX Tape aims to deliver decision-grade data to the market.
Europe’s bond transparency regimes put data in the spotlight
Regulators in the UK and EU are introducing new post-trade bond transparency rules, aligning with the US TRACE system to provide clearer market data. Though consolidated data offerings have the promise to increase transparency, there are complexities.
In this environment TraX® dataset by MarketAxess stands out by refining data quality, ensuring actionable insights for trading strategies. Discover more key points of consideration and insights from Geoff Morton, Head of Strategists at MarketAxess, across this evolving market landscape.
Timely, trustworthy, clean data
Axess All, the intra-day tape for European fixed income markets, provides aggregated volume and pricing for the most actively traded fixed income instruments in Europe on T+0.
Covering ~7,000 ISINs per day, Axess All displays last trade, daily high and low process, aggregate trade volume, volume weighted average prices (VWAP) and our award-winning CP+.
TraX Data Services
TraX APA
MiFID II real-time feed for Quotes, OTC & MA MTF Trading data for UK & EU entities.
TraX Pricing
EoD Pricing file containing executed trade prices & dealer quotations.
TraX Volume
Traded volume and counts:
Direction | Size Traded | Liquidity score
Axess All
European Intra-day ‘trade tape’ displaying last traded price and aggregated volumes.
Axess All Prints
Real-time, trade-by-trade pricing feed displaying executed pricing information at the trade level.
Want to learn more about how you can trade more competitively?
Connect with us*Full year 2024 stats.
