21 November 2017
visit www.avoka.com

MarketAxess moves into leveraged loans market

03 October 2016  |  2693 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)
visit www.capgemini.comvisit www.solutions.lexisnexis.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
19406 views comments | 29 tweets | 31 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
11657 views comments | 15 tweets | 42 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
9461 views comments | 26 tweets | 38 linkedin
Barclays warns of unprecedented online fraud this ChristmasBarclays warns of unprecedented online fra...
9131 views comments | 15 tweets | 32 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job