Technology Awards 2023 – Best Trading and Execution Solution

Best Trading and Execution Solution



Best Trading and Execution Solution

Erik Tham

head of product management, global private banking

Receiving the Best Trading and Execution Solution award for the fourth consecutive year is a milestone achievement for MarketAxess. This accolade reflects our unwavering commitment to excellence and innovation in serving the global private banking and wealth management industry.

In a year that presented the private banking and wealth management industry with unprecedented challenges, from rising interest rates to heightened geopolitical tensions, MarketAxess’ Axess IQ stood out as a critical tool for clients, providing a Swiss army knife of operational efficiency, deep liquidity, and actionable data.

Our focus has always been on empowering our clients with the capabilities to navigate complex markets effectively, and so, the recognition of MarketAxess and Axess IQ as a pivotal solution for the industry underscores our dedication to continuous improvement and client success.

We thank our clients and partners for their trust and collaboration, which inspire us to set new benchmarks in the fixed income trading space.

What was behind the judges’ decision?

  • The company’s dedicated workflow and trading solution for private banks and wealth managers, Axess IQ, has seen significant uptake by the regional industry. This underscored to the judging panel the success of MarketAxess’s strategy of providing bespoke tools to the wealth sector
  • MarketAxess’s embrace of automation has helped to ease the burden on RMs and traders within private banks, the company successfully argued to the judging panel. Using the Auto-X function, traders at private bankers have been able to transition from 100% manual operations to fully automated execution for smaller orders
  • Among the other new functionalities introduced by MarketAxess during the period under consideration for the Technology Awards are enhanced bond yield information and new tradable products including several Asian local currencies and distressed high-yield bonds

What we said

“The decision by Asian Private Banker’s Technology Awards judging panel to award MarketAxess the prize for Best Trading and Execution Solution for the fourth consecutive year is a recognition of the vendor’s commitment to providing private banks and wealth managers in the region with a cutting-edge, one-stop shop for order and execution management,” said Daniel Shane, editor of Asian Private Banker and chair of the Technology Awards judging panel.

“In addition to continuing to build on its already strong market position in Asia Pacific, MarketAxess has rolled out tools specifically aimed at the region’s RM community, as well as features that have enhanced transparency, liquidity and workflow capabilities.”

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