MarketAxess’s new buy targets SSA trading

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By Jasper Cox
15 Aug 2019

LiquidityEdge, which operates an electronic marketplace for US Treasuries, could now look at offering a similar service in the European government bond market after its purchase by MarketAxess. The latter’s president, Chris Concannon, sees the pressure European banks face to cut costs as a boon for trading automation in the region.

The purchase allows MarketAxess to enter the US Treasury market, which has an average daily trading volume of $500bn. The New-York headquartered firm’s electronic trading platform encompasses US investment grade and high yield bonds, emerging market debt and eurobonds — 1,600 firms trade on it.

LiquidityEdge, also based in ...

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