20 September 2017
visit www.avoka.com

MarketAxess moves into leveraged loans market

03 October 2016  |  2664 views  |  0 Source: MarketAxess

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 global fixed-income markets, today announced that it has launched the industry’s first client-to-multi-dealer electronic trading platform for leveraged loans, which is designed to provide efficient access to the growing leveraged loan market.

According to The Loan Syndications and Trading Association (LSTA), loan trading volume has remained strong in 2016 at $394 billion year-to-date through the end of August. MarketAxess’ platform seeks to offer institutional market participants access to this growth through broader access to liquidity, better price discovery and greater efficiency in investing in the secondary loan market.

“There is an increasing demand for access to leveraged loans trading in what has traditionally been an opaque and underserved area of the market. We saw an opportunity to bridge that gap with our technology and bring greater efficiency and transparency to leveraged loan trading,” said Sandy White, High Yield and Leveraged Loan Product Manager, MarketAxess. “The launch is a natural extension of our high yield trading capabilities and underscores our commitment to providing a unique marketplace for institutional investors and dealers to facilitate trades with greater confidence, transparency and speed.”

Key features of the new leveraged loan trading platform include:

Request-for-quote model: The only client-to-multi-dealer trading platform for list and single-item loan trading
Search Function: Search for loans using the LX number, deal or tranche CUSIP or Issuer name
STP Integration: Straight-through-processing (STP) connectivity for full trade automation including trade ticket details and trade activity log.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.sibos.comvisit www.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11251 views comments | 24 tweets | 40 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10503 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9258 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7767 views comments | 5 tweets | 4 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
7531 views comments | 18 tweets | 26 linkedin

Featured job

A minimum of £200K (not a limiting factor)

Find your next job