The three platforms have set out plans to apply to become the consolidated tape provider through the public procurement procedure.Â
The collaboration will focus on liquid fixed income indexes, portfolio construction solutions and ESG data.
The move will help increase efficiency and reduce risk, meeting institutional fixed income trading clients’ business intelligence demands.
Axess All Prints will offer an enhanced real-time transacted price service for the most actively traded fixed income instruments in the UK and EU.
Incoming CIO will succeed Nick Themelis who will retire from MarketAxess after serving in the position for the past 16 years.
This will be the first time the market maker will act as a name-disclosed liquidity provider for US high yield corporate, Euro-denominated investment grade and high yield, and emerging market sovereign bonds.
According to the fixed income platform provider, the number of active participants trading emerging markets debt reached more than 1,300 firms last quarter.
New head of index and ETF solutions at MarketAxess previously spent four years at State Street Global Advisors and 18 years at Goldman Sachs.
The new trading channel by MarketAxess will allow global investors to access the China Interbank Bond Market (CIBM) under the Bond Connect and CIBM Direct schemes.
The former COO at MarketAxess and CEO at bond data provider Algomi has joined Nivaura as CEO.