Source: MarketAxess
MarketAxess Holdings Inc., the operator of a leading electronic, multi-dealer to client platform for U.S. and European high-grade corporate and emerging markets bond trading, today announced the addition of The Royal Bank of Scotland, one of the world's leading financial services companies, as a participating dealer on its MarketAxess Europe platform.
With the addition of The Royal Bank of Scotland, MarketAxess now provides institutional investor clients with a central pool of aggregated liquidity from 17 leading global debt dealers on the European platform.
Current MarketAxess participating dealers on the European platform include: ABN AMRO, Banc of America Securities, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup Global Markets, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, SG Corporate & Investment Banking, and UBS.
Launched in August 2001, MarketAxess Europe Ltd. is the first platform in Europe to offer a disclosed multi-dealer inquiry capability for credit products, allowing institutional investors to view multiple bids and offers from participating dealers. In the first half of 2004, the platform reported trading volume of $41.2 billion.
"MarketAxess has always focused on providing our clients with a comprehensive technology solution that provides transparency, efficiency and liquidity in the bond markets," said Iain Baillie, head of MarketAxess European operations. "The addition of The Royal Bank of Scotland, the sixth largest bank in the world and a leading liquidity provider in GBP credit markets, reinforces our position as a leader in electronic trading and allows us to bring even greater value to our clients."