22 July 2018
Visit www.gemalto.com

MarketAxess gets Quebec green light

24 April 2012  |  1150 views  |  0 Source: MarketAxess Holdings

MarketAxess Holdings (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, high yield bonds, emerging markets bonds, credit default swaps (CDS) and other types of fixed-income securities, today announced it has received regulatory approval from the Investment Industry Regulatory Organization of Canada (IIROC) to operate its trading platform in Quebec, Canada.

MarketAxess has been operating in Ontario since 2008, and is a member of IIROC and the Canada Investor Protection Fund (CIPF).

Institutional investors in Ontario and Quebec can trade US dollar and Euro-denominated corporate debt, emerging market corporate and sovereign debt and credit default swaps (CDS) on the MarketAxess trading platform. Institutional investor clients benefit from MarketAxess' patented request-for-quote (RFQ) technology to request competitive, executable bids or offers from multiple broker-dealers, and execute with their dealer of choice.

Kevin McPherson, Head of Sales for MarketAxess, said "Electronic trading can help investors more easily source fixed income liquidity and improve trade execution. As the leading global electronic trading platform for corporate bonds, we've seen how investors benefit from increased transparency and efficiency through electronic execution. We have also identified significant, quantifiable cost savings when trading bonds electronically versus the phone. We are excited to expand our institutional trading community in Canada to provide access to the largest and deepest liquidity pool for the credit markets."

MarketAxess will exhibit and attend the OTC Derivatives Regulatory Reform conference in Toronto on April 25-26 hosted by Infonex. Meet with MarketAxess representatives at our booth to learn more about electronic trading of corporate bonds and CDS.

MarketAxess offers CDS single-name and index trading for US, European and emerging markets products. Currently, nine global broker-dealers are streaming live, executable pricing for CDS indices. According to the proposed regulatory framework in the U.S., MarketAxess plans to register and operate as a swap execution facility (SEF) to trade CDS. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit iliad-solutions.com/Visit info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13583 views comments | 6 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11255 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10119 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7458 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7278 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job