Refinitiv to Redistribute MarketAxess Fixed Income Market Data

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Refinitiv

Refinitiv to Redistribute MarketAxess Fixed Income Market Data

May 16, 2019

Refinitiv has entered into an agreement to redistribute MarketAxess’ fixed income market data to Refinitiv’s customers via its Elektron Data Platform. The data made available through Refinitiv will MarketAxess’ Composite+ and Axess All pricing tools.

Composite+, which combines public data from the FINRA Trade Reporting and Compliance Engine,  is a leading algorithmic pricing engine for corporate bonds that leverages a range of proprietary and industry data sources, with updates up to every 15 seconds on over 24,000 bonds.(TRACE).

MarketAxess
MarketAxess

Axess All is an intra-day trade tape for the Europe fixed income markets, sourcing daily from over 30,000 bond transactions and displaying aggregated volume and pricing for the most actively traded European fixed income instruments.

Brennan Carley, Managing Director for Enterprise at Refinitiv
Brennan Carley, Managing Director for Enterprise at Refinitiv

Brennan Carley, Managing Director for Enterprise at Refinitiv, commented: “The increasing electronification of the bond market and heightened regulatory pressure to demonstrate best execution mean fixed income traders and investors need more data to power smarter trading engines, find an investment edge, and meet their reporting obligations. As customers look to simplify their data management by using a single trusted source of data across their business, we’re excited to be expanding our fixed income data choice for customers with MarketAxess’ innovative and award-winning market data.”

Chris Concannon, President and Chief Operating Officer with MarketAxess, said: “The integration of real-time, enhanced market data throughout the fixed income trading workflow has never been more critical than today. Data based on liquidity and transactions will benefit the entire investment process to better manage liquidity risk and portfolio execution performance. The collective resources of MarketAxess and Refinitiv are bringing near real-time and actionable insights necessary to stay ahead of an evolving market.”

In late November 2018, Refinitiv boosted its already wide portfolio by starting to source Thai baht and Thai Baht Offshore data from its Matching platform which is Refinitiv’s anonymous central limit order book, effectively enhancing Thai Baht FX benchmarks.

Refinitiv’s Trade Performance Analytics was initially launched for FXall users only. In mid-2018, former FXall CEO Phil Weisberg joined oneZero, the provider of low-latency software for foreign exchange, commodities, crypto-currency and futures trading. Weisberg was appointed Strategic Advisor to better support institutional market participants.
Earlier this year, MarketAxess Holdings partnered with Virtu Financial to provide institutions with enhanced trading tools and access to global exchange-traded funds (ETFs) and fixed income securities.

In February 2019, MarketAxess was approved by the Dutch regulator AFM to operate a Multilateral Trading Facility (MTF) and act as a Data Reporting Service Provider (DRSP) in the Netherlands in order to ensure that UK and EU clients are provided with uninterrupted service and access to liquidity post-Brexit.

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