BEST TRADING PLATFORM
Though trading platforms came under immense pressure in 2016 due to pronounced fluctuations in volumes, MarketAxess has remained ahead of the curve and proven its resilience with its multi-dealer platform that supports a range of fixed income securities, including US corporate bonds, European corporate and sovereign bonds, Asian credits and emerging market bonds. The platform has brought efficiency, transparency and cost savings to what’s been called a fragmented Asian credit marketplace.
“Market participants in Asia Pacific increasingly require an efficient and cost-effective means to traded fixed income,” says Philipp Sterner, head of sales, Asia at MarketAxess. “The MarketAxess trading platform offers institutional market participants access to a global network of liquidity for a wide-range of instruments across a fragmented marketplace.”
Indeed, the electronic fixed income trading space has had to evolve dramatically over the past few years, particularly as liquidity pools have dried up, prompting technology vendors focused on fixed income trading to rebuild their platforms. An example of the way MarketAxess has been able provide its users with greater access is its decision to extend trading hours, thereby allowing local investors and dealers greater flexibility in their electronic trading strategies.
With its patented request-for-quote technology, MarketAxess enables clients to quickly and efficiently access more liquidity than competitors which remain dependent upon phone calls and email pricers for trading. Furthermore, with its straight-through processing platform, MarketAxess safeguards fully-electronic audit trails for compliance monitoring – a notable strength given current regulatory intensification.
MarketAxess is Asian Private Banker’s Best Trading Platform for 2016.