With the Dutch regulator’s approval, the company will be able to operate a Multilateral Trading Facility in the EU.
MarketAxess Holdings Inc. announced this Wednesday that its group entities have received approval from the Netherlands Authority for the Financial Markets (AMF) to operate a Multilateral Trading Facility (MTF) and act as a Data Reporting Service Provider (DRSP) in the country.
MarketAxess is an operator of a global electronic trading platform for fixed-income securities. The New York-headquartered company also provides market data and post-trade services.
The approval from the AMF comes just one month away from the Brexit deadline, with Britain set to leave the European Union (EU) on March 29 this year, with or without a deal in place.
Before today, MarketAxess already had regulatory approval from the Financial Conduct Authority (FCA) to operate in the United Kingdom. However, today’s announcement means that regardless of whether Britain leaves the bloc without a deal, the fixed-income platform operator will still be able to offer its services both in the UK and Europe.
MarketAxess to Operate in EU Through Amsterdam Subsidiaries
In the Netherlands, MarketAxess will provide its services to clients within the EU through its new subsidiaries based in Amersterdam - MarketAxess NL B.V. for the MTF and Trax NL B.V. for the post-trade data reporting.
Furthermore, the approval granted by the AMF for the MTF also includes permissions for the company to provide its Open Trading solution, a marketplace which gives its clients direct access to Liquidity .
According to the statement, MarketAxess believes that customers based in the EU will still be able to access the same range of dealers and liquidity through the EU MTF that the company offers in the UK.
“We’re always looking ahead to anticipate future client needs. That means not just developing award-winning trade execution and reporting technologies, but also knowing how to deliver those technologies to clients in any regulatory environment,” says Christophe Roupie, Head of Europe and Asia for MarketAxess and Trax.
“Recognising the potential impact of Brexit on European financial markets, we were one of the first movers in establishing an office in the Netherlands. Receiving approval from the AFM further demonstrates our commitment to ensuring that our clients receive the same level of service and access to liquidity post-Brexit.”
MarketAxess Holdings Inc. announced this Wednesday that its group entities have received approval from the Netherlands Authority for the Financial Markets (AMF) to operate a Multilateral Trading Facility (MTF) and act as a Data Reporting Service Provider (DRSP) in the country.
MarketAxess is an operator of a global electronic trading platform for fixed-income securities. The New York-headquartered company also provides market data and post-trade services.
The approval from the AMF comes just one month away from the Brexit deadline, with Britain set to leave the European Union (EU) on March 29 this year, with or without a deal in place.
Before today, MarketAxess already had regulatory approval from the Financial Conduct Authority (FCA) to operate in the United Kingdom. However, today’s announcement means that regardless of whether Britain leaves the bloc without a deal, the fixed-income platform operator will still be able to offer its services both in the UK and Europe.
MarketAxess to Operate in EU Through Amsterdam Subsidiaries
In the Netherlands, MarketAxess will provide its services to clients within the EU through its new subsidiaries based in Amersterdam - MarketAxess NL B.V. for the MTF and Trax NL B.V. for the post-trade data reporting.
Furthermore, the approval granted by the AMF for the MTF also includes permissions for the company to provide its Open Trading solution, a marketplace which gives its clients direct access to Liquidity .
According to the statement, MarketAxess believes that customers based in the EU will still be able to access the same range of dealers and liquidity through the EU MTF that the company offers in the UK.
“We’re always looking ahead to anticipate future client needs. That means not just developing award-winning trade execution and reporting technologies, but also knowing how to deliver those technologies to clients in any regulatory environment,” says Christophe Roupie, Head of Europe and Asia for MarketAxess and Trax.
“Recognising the potential impact of Brexit on European financial markets, we were one of the first movers in establishing an office in the Netherlands. Receiving approval from the AFM further demonstrates our commitment to ensuring that our clients receive the same level of service and access to liquidity post-Brexit.”
TP ICAP Q1 Revenue Dips 3%, April Rebound Boosts Outlook
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa