MarketAxess has extended the capabilities of its Open Trading platform, building on its existing emerging markets trading product.
The new functionality, focused on local currency bonds, will serve Poland (PLN), Czech Republic (CZK), Hungary (HUF) and South Africa (ZAR) in the first tranche.
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Christophe Roupie, head of EMEA and APAC at MarketAxess, said: “As a global leader in Emerging Markets debt trading, expanding Open Trading across our 28 local markets is something our clients around the world have been asking us for. Expanding Open Trading in these four new local markets is only the first step, and we hope to expand the model further to more local currencies in the first half of next year.”
MarketAxess’ end-to-end global emerging markets offering creates a global and diversified pool of liquidity for investors – in which clients can interact either on a disclosed basis or anonymously.
According to the business, the platform “connects local onshore dealers with a network of international buyside clients, significantly deepening the available liquidity pool.”
Read more – MarketAxess expands liquidity offering to deal with rising trading demand