Tag: MarketAxess
MarketAxess leads in record March electronic credit trading
US electronic credit activity accelerated again in March: combined US investment grade (IG) and high yield (HY) average daily volume (ADV) on TRACE reached...
Philippines tilts borrowing mix outward as JPM Index inclusion looms
The Philippine government’s overall borrowing programme for 2026 is set to remain broadly in line with 2025, but the composition is shifting in a...
BondVision chases rivals with European PT launch
MTS BondVision has launched portfolio trading for rates and credit, putting the firm in competition with established PT offerings from rivals Tradeweb and MarketAxess.
The...
Bond markets see trading costs bounce
Average bid-ask spreads have been expanding and contracting like an accordion as investors and liquidity providers struggle to form a coherent view on inflation,...
Why Saudi bond indexation may not boost market liquidity
The inclusion of Saudi Arabian bonds in the JP Morgan Government Bond Index–Emerging Markets (GBI‑EM) could materially change the market’s liquidity profile, but traders should...
Buy-side traders become invaluable during crisis
The Iran war is clearly visible in parts of corporate bond pricing and emerging market trade sizes, but other parts of the market appear...
Electronic credit volumes stay firm in February
US electronic credit activity stayed firm in February. On FINRA’s TRACE, combined US investment-grade and high-yield average daily volume (ADV) reached US$65.3 billion, up...
Roundtable debate: Can the market electronify block trades?
The efficiency of electronic trading has trade-offs for blocks based on information disclosure, leakage and trust.
Electronifying execution of larger bond orders is the ‘holy...
PT democratisation through better analytics and residual management
By all measures, Portfolio Trading (PT) as a protocol has reached maturity, accounting for 20% to 25% of all US electronic credit trading. We...
US credit volumes drop but trade sizes and costs stay flat
US corporate bond markets have seen volumes drop across investment grade and high yield trading in February 2025, however according to data from MarketAxess...
