Intercontinental Trade’s ICE Bonds and MarketAxess have unveiled plans to glue their respective liquidity networks in a bid to make stronger potency and get right of entry to to deeper liquidity in fastened source of revenue markets.
Pete Borstelmann
The 2 corporations plan to ascertain connectivity to their respective protocols and liquidity swimming pools, with the transfer set to permit ICE Bonds’ computerized buying and selling machine (ATS), ICE TMC, and MarketAxess’ Open Buying and selling community to keep up a correspondence with each and every different immediately, bettering intensity and succeed in for customers globally.
“This collaboration connects two mature liquidity networks in fastened source of revenue markets to supply new buying and selling and possibility control answers for shoppers,” mentioned Pete Borstelmann, president of ICE Bonds.
“By means of combining our complementary strengths, we intention to supply customers expanded alternatives to get right of entry to liquidity in company and municipal bonds, bettering marketplace potency and reaping benefits individuals throughout each platforms.”
The interplay between those two liquidity swimming pools goals to strengthen value transparency, absolute best execution and general marketplace liquidity for all customers, thru leveraging ICE Bonds’ retail brokerage and wealth control presence and MarketAxess’ institutional buying and selling experience.
Wealthy Schiffman, world head of buying and selling answers at MarketAxess, mentioned: “We stay up for handing over enhanced worth and innovation to our shoppers thru this collaboration.Our joint efforts are enthusiastic about offering get right of entry to to deeper liquidity throughout municipal and company bonds and diversifying buying and selling choices for individuals in our market.”
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