Refinitiv to Redistribute MarketAxess' Fixed Income Data

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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term 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.”

“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 Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term 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.”