MarketAxess Joins Investortools’ Dealer Network Expanding Electronic Muni Trading
08 Junho 2023 - 9:30AM
Business Wire
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a
leading electronic trading platform for fixed-income securities,
today announced that it will expand its municipal bond integration
with the Investortools’ platform and display its offerings within
the Investortools Dealer Network (IDN). This partnership represents
the next phase of integration within the FIX® connectivity and will
combine the MarketAxess trading capabilities and unique CUSIP
offerings with Investortools' suite of analytics and trading tools
for a comprehensive view of the fixed income market.
Investortools is a software firm that specializes in solutions
for fixed income portfolio management, trading, compliance, credit
analysis, and benchmark risk analysis. In 2016, MarketAxess and
Investortools announced a partnership highlighting the integration
of the MarketAxess Municipal Bond Platform within the Investortools
Perform® and Smart™ portfolio management systems, using the FIX®
protocol. Now, Investortools customers will have access to the
MarketAxess offerings from within the IDN. The IDN is an industry
first that gives asset managers direct click-to-bid and
click-to-trade access to liquidity throughout Investortools'
Perform® software for a straight-through-processing experience. It
is the only platform of its kind to allow users the ability to
lift, bid, and negotiate trades without needing to pivot away from
the system.
“Order routing integrations with MarketAxess have been a
valuable part of our clients’ trading ecosystem for seven years,
and expanding upon that integration to bring MarketAxess’ offerings
into the IDN is a major step forward in shaping the future of
electronic fixed income trading, especially for munis,” said James
Morris, Senior Vice President at Investortools. “Clients can now
incorporate muni offerings on MarketAxess into their IDN toolkit,
which allows them to automate searching the secondary market,
pre-allocation, optimization and then stages those candidate bonds
for review and execution. This gives our clients the ability to
measure SMA portfolio construction in days instead of months while
adding alpha through an STP user experience.”
“The evolution of the municipal bond marketplace, especially in
the past seven years, exemplifies the need for digitalization and
automation,” says Daniel Kelly, Head of Municipal Securities at
MarketAxess. “Our partnership with Investortools is a logical next
step in our relationship as we move towards integrating our muni
capabilities within the IDN. We look forward to continuing this
partnership and building even more tools to enhance both
platforms.”
MarketAxess is one of the fastest growing electronic
marketplaces for muni bonds. In the first quarter of 2023,
MarketAxess accounted for a 6.4% market share of muni bonds—up from
4.3% the year prior—and representing $447 million in average daily
volumes.
About MarketAxess MarketAxess (Nasdaq: MKTX) operates a
leading electronic trading platform that delivers greater trading
efficiency, a diversified pool of liquidity and significant cost
savings to institutional investors and broker-dealers across the
global fixed-income markets. Over 2,000 firms leverage MarketAxess’
patented technology to efficiently trade fixed-income securities.
MarketAxess’ award-winning Open Trading® marketplace is widely
regarded as the preferred all-to-all trading solution in the global
credit markets. Founded in 2000, MarketAxess connects a robust
network of market participants through an advanced full trading
lifecycle solution that includes automated trading solutions,
intelligent data and index products and a range of post-trade
services. Learn more at www.marketaxess.com and on Twitter
@MarketAxess.
About Investortools, Inc. With more than 30 years of
experience, Investortools specializes in portfolio management and
credit analysis systems for institutional investors, including many
of the largest mutual funds, banks, insurance companies, securities
dealers, advisers, rating agencies and financial organizations.
Headquartered in Colorado Springs, Investortools and its affiliates
have offices in the U.S., Europe, and Asia. For more information,
please visit www.invtools.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230608005196/en/
To learn more about Investortools software and the
Investortools Dealer Network, please contact: James Morris
Senior Vice President james.morris@invtools.com 630.466.6465
Investortools Media Contact: Jessica McDaniel Marketing
Lead Jessica.mcdaniel@invtools.com 719.621.6364
MarketAxess Media Contact: Marisha Mistry Head of
Communications mmistry@marketaxess.com 917.267.1232
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