ICE Bonds and MarketAxess have plans to connect their respective liquidity networks to bring greater efficiency and access to deeper liquidity in fixed-income markets to the institutional and wealth management spaces.
MarketAxess operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity, and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Over 2,000 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities.
Intercontinental Exchange offers fixed-income trading and execution services through ICE Bonds, member FINRA, MSRB, and SIPC.
ICE Bonds’ ATS and MarketAxess’ network expand depth and reach
With this announcement, ICE Bonds and MarketAxess plan to establish unique connectivity to their respective protocols and liquidity pools.
This will enable ICE Bonds’ automated trading system (ATS), ICE TMC, and MarketAxess’ Open Trading network to communicate with each other, expanding the depth and reach for their respective global user bases.
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By leveraging ICE Bonds’ established retail brokerage and wealth management presence alongside MarketAxess’ leadership in institutional trading, the interaction between liquidity pools aims to enhance price transparency, best execution, and overall market liquidity for all participants.
“Two mature liquidity networks in fixed-income markets”
Pete Borstelmann, President of ICE Bonds, said: “This collaboration connects two mature liquidity networks in fixed-income markets to offer new trading and risk management solutions for clients. By combining our complementary strengths, we aim to offer users expanded opportunities to access liquidity in corporate and municipal bonds, enhancing market efficiency and benefiting participants across both platforms.”
Rich Schiffman, Global Head of Trading Solutions at MarketAxess, said: “We look forward to delivering enhanced value and innovation to our clients through this collaboration. Our joint efforts are focused on providing access to deeper liquidity across municipal and corporate bonds and diversifying trading options for participants in our marketplace.”
