BlackRock and Standard Chartered have executed the first trade on MarketAxess’s Indian government bond (IGB) electronic trading solution.
MarketAxess became the first firm to offer electronic trading for IGBs last month.
READ MORE: MarketAxess brings e-trading to Indian govies
Riad Chowdhury, head of APAC at MarketAxess, noted, “Our solution for India has been purpose-built to meet the specific needs of institutional investors and dealers, and we look forward to increased client adoption in the coming months.”
READ MORE: Traders welcome India’s bond e-trading evolution as regulator shows teeth
Jatin Vara, head of international trading at BlackRock, commented, “We are excited to see access to India’s onshore bond market becoming more efficient and scalable. India offers compelling opportunities for foreign investors, especially in its expanding onshore bond market, where continued inclusion in major global indices is fuelling strong investor interest.”
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