LONDON, Jan. 14, 2015 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, has been named SEF of the Year for 2015 by Risk magazine.
This award acknowledges MarketAxess' superior SEF trading functionality, including its disclosed and anonymous Request-for-Quote (RFQ), SEF Central Limit Order Book (CLOB), and Click-to-trade functionality.
"Our strategy is to develop a full menu of trading protocols to address the liquidity needs, and create more counterparty choices for dealers and investors. This includes advanced functionality that enables market participants to trade anonymously with all other market participants. This award recognizes our innovation and efficient technology to create a more transparent and competitive OTC swaps market," said Grigorios Reppas, CDS Product Manager at MarketAxess.
The award was granted based on the novel functionality of our SEF platform and the positive feedback of MarketAxess' clients, especially toward the anonymous RFQ methodology.
For over fourteen years, MarketAxess has been at the forefront of the credit market adding innovative functionality to improve credit trading experience. MarketAxess expects to add index options to its CDS offering next month, which will allow MarketAxess' clients to trade both CDS swaps and options on the same platform.
About MarketAxess
MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. Over 1,000 institutional investor and broker-dealer firms are active users of the MarketAxess trading platform, accessing global liquidity in U.S. high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, U.S. agency bonds, credit default swaps and other fixed-income securities. MarketAxess SEF Corporation has received temporary registration from the U.S. Commodity Futures Trading Commission to operate a swap execution facility. MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients. Through its Trax® division, MarketAxess also offers a range of pre- and post-trade services, including trade matching, regulatory transaction reporting and market and reference data, across a range of fixed-income products. Trax is the trading name of Xtrakter Ltd., a MarketAxess group company.
MarketAxess maintains its headquarters in New York and has offices in London, Boston, Chicago, Los Angeles, Salt Lake City, São Paulo and Singapore. For more information, please visit www.marketaxess.com.