MarketAxess Holdings (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed income securities, today announced the addition of UniCredit Group as a participating dealer on the MarketAxess European platform.
This brings the total number of dealers on the European platform to 20 and the global dealer group to 52.
"We are very pleased to welcome one of the largest financial services organizations in Europe to the MarketAxess trading community," said Stephen Gallagher, Head of MarketAxess Europe. "This important dealer addition will help to bring our clients even greater product and price differentiation on the MarketAxess trading system."
Since the launch of Eurobond trading in 2001, MarketAxess has expanded its European client-to-multi-dealer offering to include corporate bonds (both fixed and floating rate), credit default swaps (indices and single names), supra, sovereign and agency bonds, and covered bonds, denominated in Euros, Sterling and U.S. dollars. European investor clients are also able to access trade execution services in the U.S. for corporate bonds, emerging market bonds and credit default swaps. UniCredit Group will act as a dealer in all Euro-denominated fixed income products available on MarketAxess' European trading platform.