MarketAxess’ Axess IQ is now able to connect to UBS Bond Port, the businesses have announced, allowing users to directly route orders to the UBS Bond Port order book through one click.
Erik Tham
The move is set to enhance the liquidity and workflow options available to Axess IQ users.
Erik Tham, head of product management, global private banking at MarketAxess, said: “This collaboration between UBS and MarketAxess makes Axess IQ an even more powerful one-stop-shop. The seamless integration with UBS now allows users of Axess IQ to place their limit orders with a single click from their Axess IQ order manager straight to UBS Bond Port’s liquidity pool.
“All orders will continue to be monitored in Axess IQ, giving the trader maximum control with less clicks – further boosting execution workflow efficiency.”
Axess IQ’s limit monitoring, data driven order and execution management, and RFQ trading features are set to be particularly impactful when it comes to increasing the efficiency of execution desks which use UBS Bond Port.
Specifically, execution traders can remain using Axess IQ as their central order manager while also accessing UBS Bond Port as well as other various trading protocols and liquidity pools, without having to navigate away from MarketAxess.
“Enabling Bond Port and MarketAxess’ mutual clients to route orders directly to Bond Port via Axess IQ is another great illustration of UBS’s collaboration with market participants to allow clients to participate seamlessly with our unique liquidity leveraging their existing connections,” added Mark Eardley, global product manager at UBS Bond Port.
“By utilising our proprietary API, MarketAxess will be the first to benefit from future Bond Port functionality enhancements.”