MarketAxess Adds Asian Bond Trading to Platform
Asian local currency bond trading function designed to boost presence in APAC markets.
In conjunction with a new office in Hong Kong, MarketAxess will allow users to trade local-currency bonds in Singapore dollars, Thai bhat and Indonesian rupiah from 10 market-marking dealers, bringing the total global currency markets with liquidity available on the platform to 22.
"MarketAxess is making a significant investment in Asia to both technology resources and local knowledge," says Kevin McPherson, global head of sales at MarketAxess. "As global credit market liquidity remains challenged, both buy- and sell-side clients are demanding solutions that provide better price discovery and access to more counterparties."
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