MarketAxess Holdings has enhanced its European credit trading platform with the addition of a further four market-making dealers. The new dealers providing liquidity to institutional investors in European credit are: ABN Amro Bank, Millennium Europe, Nomura Group and Rabobank.
This brings the total number of dealers on the European platform to 37.
MarketAxess previously announced the addition of four dealers in April 2015, further expanding the European liquidity pool on the MarketAxess platform. Dealer and investor engagement on the platform continues to grow with Eurobond trading volumes on MarketAxess up over 70% year-over-year as of the second quarter.
Today, over 90 global dealers are active participants on the MarketAxess system providing liquidity in a broad range of credit instruments including European bonds, US high-grade corporate bonds, high-yield bonds, emerging markets bonds, agency bonds, asset-backed and preferred securities and credit default swaps.
Richard Meade, Head of Debt Trading London, Rabobank, says: “Efficiently accessing our diverse group of clients is now more important than ever. Joining MarketAxess’ established electronic credit trading network is an important step in reaching this client base and expanding our reach to a broader community of investors.”
Chris Jones, Head of Dealer Sales, MarketAxess Europe, says: “As the credit markets continue to evolve, a broad and diverse liquidity pool is required to facilitate healthy market activity. MarketAxess has invested significantly in the growth of its European credit community, firmly bolstered by the expansion of new liquidity providers. The addition of these new dealers and the growth in our Eurobond volumes demonstrates our ability to support active credit markets and service the liquidity demands of our clients.”