MarketAxess Adds Liquidity from 3 New Global Dealers
Three new dealers will be live on the platform next week, bringing the group of participating dealers to 11 and significantly increasing the pool of liquidity available to institutional investors. Participating dealers include UBS Warburg, Morgan Stanley, Lehman Brothers, J.P. Morgan Chase, Dresdner Bank AG, Deutsche Bank Securities, Credit Suisse First Boston, BNP Paribas, Bear Stearns, Banc of America Securities and ABN Amro. MarketAxess has also reached a milestone in research with more than 100,000 fixed income and economic research reports available online.The company continues to introduce new products and enhancements. Currently, the disclosed multi-dealer inquiry model trades US corporate bonds and Eurobonds, whereas the anonymous model trades emerging markets, high yield bonds and convertibles. This month, the firm will roll out disclosed trading in emerging markets bonds – the first time both disclosed and anonymous trading models will be available for a single credit product. High yield bonds, in which trading is accelerating on the anonymous platform, will be next to launch on the disclosed model.