Municipal Bonds
Unlock the power of muni pricing with CP+™
Bring precision, speed, and clarity to muni price discovery with our award-winning AI pricing engine, CP+.
Learn how CP+ is reshaping the muni trading day.
Optimize your Portfolio Trading execution strategy for Tax-Exempt Muni bonds
With the ability to negotiate on individual line items, and capacity of up to 1,500 per portfolio trade, you can eliminate labor-intensive workflows and gain execution certainty of multiple bonds with a single transaction.
Our muni trading capabilities
MarketAxess provides greater visibility into the municipal bond market with more efficient access to liquidity and improved price discovery. No matter how you want to trade:
Bid-wanted lists of up to 200 line items
Open Trading, our all-to-all solution
Dealer inventory and client offerings
Muni Bond Market Structure 2025: The Dealer View
Munis have been a key part of the opportunity for fixed income traders, following high yields around aggressive rate hikes in 2024. Learn more about how changes in market structure are presenting new challenges to the muni dealer community in this report in partnership with Coalition Greenwich.
traded volume*
YOY traded volume*
auto-executed*
clients submitted inquiries*
Looking to automate your Muni bid-wanted trading experience?
Auto-X RFQ is now available for tax-exempt municipal bonds. Learn more about this new automated approach to your Muni BW process.
In case you missed it
©2025 MarketAxess Holdings Inc. (the "Company"). MarketAxess Corporation is a member of FINRA and SIPC. MarketAxess Canada Company is a member of the Canadian Investment Regulatory Organization (CIRO). MarketAxess Europe Limited (04017160), MarketAxess Capital Limited (09777893), and MarketAxess Post-Trade Limited (01917944) are incorporated in England and Wales, and are each authorised and regulated by the Financial Conduct Authority. MarketAxess NL B.V. (69592888) is incorporated in the Netherlands and is authorised and regulated by the Autoriteit Financiële Markten. MarketAxess Post-Trade B.V. (69597774) is incorporated in the Netherlands and is supervised by the European Securities and Markets Authority. MarketAxess Singapore Pte. Limited (201702319R) is incorporated in Singapore and recognised by the Monetary Authority of Singapore. MarketAxess is a trading name of the aforementioned entities. To the fullest extent permitted by applicable law, all warranties and representations are disclaimed. All information presented herein 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. Whilst sources of information are believed to be reliable, MarketAxess does not independently verify information obtained from third party sources. Any information presented is not intended to represent an offer or solicitation of any financial instrument. For the purposes of clients accessing MarketAxess services from EU27 countries, this information is provided by MarketAxess NL B.V. and /or MarketAxess Post-Trade B.V., as appropriate. This information is for institutional investor use only, does not constitute investment advice and may not be redistributed without the prior written consent of the Company or its subsidiaries. Under no circumstances may this information be distributed to retail investors. Proprietary and confidential information of the Company—all forms of copying prohibited. Further information on MarketAxess can be found on our website at marketaxess.com.
*as of FY 2024
