Refinitiv and MarketAxess Holdings Inc. announced this Thursday in a joint statement that they have entered into an agreement which will see MarketAxess redistribute its fixed income market data to Refinitiv’s customers, via its Elektron Data Platform.
Based in New York, MarketAxess operates an electronic trading platform for fixed-income securities as well as provides market data and post-trade services for the fixed-income markets. The data, which will now be available through Refinitiv, a data management firm, will also include the fixed-income firm’s Composite+™ and Axess All® pricing tools.
Commenting on the partnership, Brennan Carley, Managing Director for Enterprise at Refinitiv said: “The increasing electronification of the bond market and heightened regulatory pressure to demonstrate best execution mean fixed-income traders and investors need more data to power smarter trading engines, find an investment edge, and meet their reporting obligations.”
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“As customers look to simplify their data management by using a single trusted source of data across their business, we’re excited to be expanding our fixed income data choice for customers with MarketAxess’ innovative and award-winning market data.”
With access to market data through the Composite+™ and Axess All®, in addition to the insight already available from the Refinitiv market information network, which provides an average of 40 billion market updates a day, the statement said, market participants will have access to a deep well of market information.
Access to Fixed-Income Data is “Critical”
“The integration of real-time, enhanced market data throughout the fixed income trading workflow has never been more critical than today,” added Chris Concannon, President and Chief Operating Officer with MarketAxess.
“Data based on liquidity and transactions will benefit the entire investment process to better manage liquidity risk and portfolio execution performance. The collective resources of MarketAxess and Refinitiv are bringing near real-time and actionable insights necessary to stay ahead of an evolving market.”