Refinitiv to Redistribute MarketAxess’ Award-Winning Fixed Income Market Data Solutions
April 11 2019 - 7:00AM
Refinitiv, one of the world’s largest providers of financial
markets data and infrastructure, and MarketAxess Holdings Inc.
(Nasdaq: MKTX), the operator of a leading electronic trading
platform for fixed-income securities, and the provider of market
data and post-trade services for the global fixed-income markets,
have entered into an agreement to redistribute MarketAxess’ fixed
income market data to Refinitiv’s customers via its Elektron Data
Platform.
The relationship combines the leading fixed
income data capabilities of MarketAxess with the vast Refinitiv
market information network, which feeds the global financial
community with an average of 40 billion market updates a day,
giving market participants the actionable insights necessary to
stay ahead of an evolving market.
The data made available through Refinitiv as a
part of the agreement includes MarketAxess’ award-winning
Composite+™ and Axess All® pricing tools.
Composite+ is a leading algorithmic pricing
engine for corporate bonds that leverages a range of proprietary
and industry data sources, with updates up to every 15 seconds on
over 24,000 bonds. It combines public data from the FINRA Trade
Reporting and Compliance Engine (TRACE) with proprietary data from
the MarketAxess trading platform and Trax®.
Axess All is the first intra-day trade tape for
the Europe fixed income markets. Sourced daily from over
30,000 bond transactions, powered by Trax post-trade services,
Axess All displays aggregated volume and pricing for the most
actively traded European fixed income instruments, providing some
of the most robust European fixed income trade data available
today.
The Elektron Data Platform is Refinitiv’s
integrated content and capabilities platform that enables customers
to get the data and analytics they need from a single trusted
platform with the ability to integrate their own data, offering a
range of delivery options to distribute information to wherever it
is needed.
“The increasing electronification of the bond
market and heightened regulatory pressure to demonstrate best
execution mean fixed income traders and investors need more data to
power smarter trading engines, find an investment edge, and meet
their reporting obligations,” says Brennan Carley, Managing
Director for Enterprise at Refinitiv. “As customers look to
simplify their data management by using a single trusted source of
data across their business, we’re excited to be expanding our fixed
income data choice for customers with MarketAxess’ innovative and
award-winning market data.”
Chris Concannon, President and Chief Operating
Officer with MarketAxess added, “The integration of real-time,
enhanced market data throughout the fixed income trading workflow
has never been more critical than today. Data based on
liquidity and transactions will benefit the entire investment
process to better manage liquidity risk and portfolio execution
performance. The collective resources of MarketAxess and Refinitiv
are bringing near real-time and actionable insights necessary to
stay ahead of an evolving market.”
About Refinitiv Refinitiv is
one of the world’s largest providers of financial markets data and
infrastructure, serving over 40,000 institutions in over 190
countries. It provides leading data and insights, trading
platforms, and open data and technology platforms that connect a
thriving global financial markets community - driving performance
in trading, investment, wealth management, regulatory compliance,
market data management, enterprise risk and fighting financial
crime.
About MarketAxessMarketAxess
operates a leading, institutional electronic trading platform
delivering expanded liquidity opportunities, improved execution
quality and significant cost savings across global fixed-income
markets. More than 1,500 firms - comprising the world’s
leading asset managers and institutional broker-dealers - traded a
record $1.7 trillion of U.S. investment-grade bonds, U.S. high
yield bonds, emerging market debt, Eurobonds and other fixed income
securities through MarketAxess’ patented trading technology in
2018. MarketAxess’ award-winning Open Trading™
marketplace is regarded as the preferred all-to-all trading
solution in the global credit markets, creating a unique liquidity
pool for the broad range of credit market participants.
Drawing on its deep data and analytical resources, MarketAxess
enables automated trading solutions and, through its Trax®
division, provides a range of pre- and post-trade services and
products.
MarketAxess is headquartered in New York and has
offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami,
Salt Lake City, San Francisco, São Paulo, Hong Kong and Singapore.
For more information, please visit www.marketaxess.com.
Media
ContactsRefinitivLouis Auty+44 (0) 207 914
3267Louis.Auty@Refinitiv.com |
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MarketAxess |
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Kyle White (New York)+1
212 813 6355kwhite@marketaxess.com |
Toby West (London)+44 (0)
207 709 3270twest@marketaxess.com |
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