Broadway Technology has extended its partnership with MarketAxess to build and support a US Treasury request for quote (RFQ) workflow feature in the latter’s US Treasuries marketplace.
The workflow feature is currently live and can be accessed by all joint customers.
This latest integration builds upon the existing MarketAxess Live Markets Rates partnership and will now include RFQ – enabling mutual dealer clients to respond to UST inquiries from MarketAxess’ customer base.
“With this new integration with MarketAxess, Broadway clients can now benefit from a connection to one of the deepest liquidity pools and network of over 1,900 firms around the globe.”
MarketAxess’ trading ecosystem connects primary and regional dealers, professional trading firms and buy-side clients to trade on- and off-the-run US Treasuries.
The ecosystem also combines credit and rates trading capabilities into a single solution, which provides investor and dealer clients improved flexibility in trading across the fixed income landscape.
“Broadway continues to invest to bring our clients the most comprehensive functionality they need to power their fixed income trading operations and attain a competitive advantage,” said Bruce Boytim, COO of Broadway.
“With this new integration with MarketAxess, Broadway clients can now benefit from a connection to one of the deepest liquidity pools and network of over 1,900 firms around the globe.”
The move by MarketAxess follows the announcement of a strategic collaboration with MSCI earlier this year. The two firms partnered to create portfolio analytics solutions and co-branded fixed income indexes, utilising MarketAxess’ liquidity data.