Portfolio Trading

Portfolio Trading vs RFQ List Whitepaper

In our latest whitepaper, Grant Lowensohn and Julien Alexandre from the MarketAxess Quantitative Research team, conduct a comparative analysis on when to execute via a portfolio trade, or a RFQ list trade for US IG Bonds.

In this deep dive, the team extracts insights on how different pricing, risk, and diversification considerations can be weighed to achieve best execution when trading on the MarketAxess platform.

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Enhanced user experience with X-Pro

Dive into our new user guide to preview the latest innovations to our Portfolio Trading protocol in our next generation user experience, X-Pro. Trade with our new pre-and post-submission screens while supporting those in need this holiday season.

X-Pro user guide

Build a better basket with AI-driven portfolio trading

Our streamlined Portfolio Trading solution provides a new user interface with access to improved analytics leveraging AI-driven data sets like CP+™ and Tradability .

The new supercharged UX offers seamless execution experience, pre-trade market depth, and liquidity metrics that are proprietary to MarketAxess.

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Execute your portfolio trades across various asset classes:

Investment Grade

The world's largest electronic marketplace for US IG debt.

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Emerging Markets

Tap into new sources of liquidity around the world.

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High Yield

Raise your performance and expand your opportunities while lowering your costs.

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Municipal Bonds

The world’s fastest growing electronic marketplace for muni bonds.

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Access data-driven, AI-powered tools for a seamless execution experience

Tradability

Real-time predictive liquidity depth

Tradability moves with the market to provide an AI liquidity metric for traders to better understand the market’s capacity to fulfil an order. Designed to support electronic trading inquiries and automated trading strategies. Tradability gives intra-day dynamic prediction of liquidity across side and size per bond.

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User Experience

Our new highly configurable user interface

Leverage a supercharged user experience for portfolio trading with MarketAxess X-Pro, the next generation of our trading platform. X-Pro brings together our execution protocols and our proprietary data and analytics to deliver a highly intuitive, intelligent workflow experience for our clients. Designed to help traders and portfolio managers make faster, better decisions on when and how to trade, X-Pro offers enhanced workflows and customizable features to enhance RFQ and high-touch portfolio and block trading.

CP+™

AI-powered predictive pricing

CP+ is our award-winning, AI-powered real-time pricing engine, covering over 32,000 securities across global credit and rates markets. CP+ empowers users with pre-trade insights from our proprietary platform data, so traders know what and how to trade, helping achieve portfolio construction objectives. With accurate and real-time pricing data available at the portfolio and bond level, you can predict and tailor your portfolio trades to your unique specifications.

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PT for Emerging Markets

Uncover new opportunities across multiple territories

MarketAxess stands as the key option for liquidity sourcing in global emerging markets due to the breadth and depth of our coverage. With fragmented markets, portfolio trading and request for market (RFM) protocols provide traders a mechanism to price and execute more efficiently while trading electronically.

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Latest thought leadership

Blockbusting Part 3 | Comparing Portfolio Trading and List RFQ TCA

Portfolio Trading has emerged as an increasingly important protocol in the corporate bond market. In this AxessPoint, we investigate any key drivers of Portfolio Trading (PT) Trading Cost (TCA) outcomes, as measured by PT price outcomes versus CP+™ side. To perform this analysis, we looked at PT trades from June 2022 to June 2023 on MarketAxess where High Grade bonds represent a majority of the basket.

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