European Fixed Income Markets Open Trading Platform - BlackRock & MarketAxess Alliance
- Traders in Europe are to embrace the successful Open Trading platform, a joint venture between BlackRock & MarketAxess, the solution offers users choice and reduces transaction costs as fixed income markets pick up.
MarketAxess and BlackRock's collaboration in the global credit markets extended through a strategic co-operation that sees the two firms serve the European fixed income trading community. The two listed providers were expanding their Open Trading™ alliance into Europe. The moves complements the firms’ successful offering in the US.
Participants in the European credit markets are expected to benefit from advanced 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 lower dealing fees as the developers of Open Trading extend their presence into Europe. Users will also benefit from access to unique market data from Trax®, with volume and pricing data from 40,000 daily regulatory reported transactions, and quoted and traded prices on over 50,000 unique bonds.
Rick McVey, Chairman and CEO of MarketAxess, spoke in the media briefing: “Our Open Trading Alliance with BlackRock in the U.S. has led to meaningful improvement in credit market liquidity and a promising path forward to deal with much larger global credit markets and significant regulatory changes. We are very pleased to extend this alliance to Europe where investors and dealers are facing many of the same liquidity challenges. Over 7% of U.S. high-grade trades on MarketAxess now take place via Open Trading protocols, compared to just 2% a year ago. We have seen an acceleration in adoption rates for Open Trading by both dealers and investors as market volatility has increased. ”
“MarketAxess has been a tremendous partner and we are excited for this next step in delivering innovative liquidity solutions that benefit BlackRock’s asset management and Aladdin clients,” said Richie Prager, Global Head of Trading and Liquidity Strategies at BlackRock in a statement. “The fixed income investment landscape has evolved more quickly than the market’s underlying structure for transacting, challenging buyers’ and sellers’ abilities to connect and transact and requiring investors to explore new avenues of liquidity to meet their needs.”
The firms also reported that the partnership coincides with the launch of MarketAxess’ all-to-all Open Trading in European credit products, leveraging the broad network of institutional participants on the MarketAxess 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. Open Trading enables all buyers and sellers to source liquidity from all other MarketAxess system participants in a single, independent marketplace for credit trading.
MarketAxess and BlackRock's collaboration in the global credit markets extended through a strategic co-operation that sees the two firms serve the European fixed income trading community. The two listed providers were expanding their Open Trading™ alliance into Europe. The moves complements the firms’ successful offering in the US.
Participants in the European credit markets are expected to benefit from advanced 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 lower dealing fees as the developers of Open Trading extend their presence into Europe. Users will also benefit from access to unique market data from Trax®, with volume and pricing data from 40,000 daily regulatory reported transactions, and quoted and traded prices on over 50,000 unique bonds.
Rick McVey, Chairman and CEO of MarketAxess, spoke in the media briefing: “Our Open Trading Alliance with BlackRock in the U.S. has led to meaningful improvement in credit market liquidity and a promising path forward to deal with much larger global credit markets and significant regulatory changes. We are very pleased to extend this alliance to Europe where investors and dealers are facing many of the same liquidity challenges. Over 7% of U.S. high-grade trades on MarketAxess now take place via Open Trading protocols, compared to just 2% a year ago. We have seen an acceleration in adoption rates for Open Trading by both dealers and investors as market volatility has increased. ”
“MarketAxess has been a tremendous partner and we are excited for this next step in delivering innovative liquidity solutions that benefit BlackRock’s asset management and Aladdin clients,” said Richie Prager, Global Head of Trading and Liquidity Strategies at BlackRock in a statement. “The fixed income investment landscape has evolved more quickly than the market’s underlying structure for transacting, challenging buyers’ and sellers’ abilities to connect and transact and requiring investors to explore new avenues of liquidity to meet their needs.”
The firms also reported that the partnership coincides with the launch of MarketAxess’ all-to-all Open Trading in European credit products, leveraging the broad network of institutional participants on the MarketAxess 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. Open Trading enables all buyers and sellers to source liquidity from all other MarketAxess system participants in a single, independent marketplace for credit trading.