MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, increased its year-over-year SEF volumes by almost four times in March of this year, and consequently more than doubled its market share compared to the same period last year, according to the FIA SEF Tracker.
MarketAxess has been focused on providing SEF market participants with a superior credit trading experience. Its award-winning trading functionality includes anonymous Request-for-Quote (RFQ) and a Central Limit Order Book (CLOB). This advanced functionality, combined with MarketAxess’ commitment to provide exceptional client service, have contributed to its growth in SEF volumes and market share.
“The 390% year-over-year growth in trading volume as of March 2015 demonstrates the momentum we have created on our SEF. Market participants have been leveraging our technology to find the liquidity they need, and have been more comfortable executing trades above the block threshold.” said Grigorios Reppas, CDS Product Manager at MarketAxess.
MarketAxess recently expanded its SEF offering to include CDS index options. Six market makers are currently providing liquidity on the SEF platform, with more to be added in the coming months. Today, MarketAxess is the only credit e-trading platform to offer CDS index options along with CDS indices and single-names.