Credit Suisse joins MarketAxess high-yield trading dealer group

Source: MarketAxess

MarketAxess Holdings Inc. (NASDAQ:MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other fixed-income securities, today announced the addition of Credit Suisse to its high-yield trading platform. The addition of Credit Suisse brings the total number of liquidity providers on the MarketAxess high-yield platform to 18.

"The continued expansion of the high-yield dealer group is a testament to our success to date, and we will continue our efforts to expand this important long-term growth cylinder for the Company," said Richard M. McVey, chairman and chief executive officer of MarketAxess.

In addition to Credit Suisse, ABN AMRO and Jefferies and Company have also agreed to join the current high-yield dealer group, which includes Banc of America Securities, Barclays PLC, Bear Stearns, BNP Paribas, Citigroup Global Markets, Deutsche Bank Securities, FTN Financial, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, RBS Greenwich, UBS and Wachovia Securities, in providing liquidity to the 256 institutional users of MarketAxess' high-yield trading service.

Sandy White, MarketAxess' high-yield Product Manager, said, "The expansion of our dealer group, combined with our new high-yield list functionality, are significant developments in our continuing efforts to deliver superior liquidity and efficiency to our clients in this important market."

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