MarketAxess has partnered with DirectBooks, giving mutual clients access to primary issuance information and workflow tools.
The service is expected to go live in Q2.
The partnership allows for management of a bond’s entire lifecycle through a single interface on MarketAxess, giving clients the ability to review deal announcements on DirectBooks, submit indications of interest and receive allocation messages from syndicate desks.
In 2025, MarketAxess reported a 4% yearly total revenue increase to US$846.3 million
DirectBooks names 47 participating underwriting clients, including Bank of America, Citi, Goldman Sachs and Mizuho. As of 2026, it states that more than 1,000 investors are using the platform.
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