MarketAxess Announces First Client Algo Trade Using Adaptive Auto-X™
22 Junho 2023 - 9:00AM
Business Wire
Introduces Next Phase of Multi-Protocol Automated Execution
Pilot with New Algo Strategies
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a
leading electronic trading platform for fixed-income securities,
today announced the first client algorithmic trade executed across
multiple protocols using Adaptive Auto-X™, the Company’s
multi-protocol automated execution solution currently in pilot.
MarketAxess also announced the next phase of the pilot, which will
introduce additional liquidity-seeking strategies depending on
trader objective, urgency or pricing requirements.
MarketAxess launched the Adaptive Auto-X pilot earlier this
year, building on the success of an established suite of automation
protocols. Phase one of the pilot provided users with low-friction
automation workflows to interact with passive liquidity across RFQ,
order book and other matching protocols. Users can specify a
protocol or use data-driven, smart-order-routing to maximize the
potential liquidity sources leveraged across multiple MarketAxess
trading protocols and liquidity pools. Adaptive Auto-X combines
proprietary MarketAxess data and predictive AI-driven analytics to
bring even more workflow efficiency to automatic trade
execution.
In Q1 2023, the first pilot clients were able to place a resting
order that simultaneously connected to multiple liquidity pools via
MarketAxess’ first-of-its-kind algorithm: CP+™ Peg. Clients are
able to control their algorithms by customizing sizing, visibility
and pricing parameters in real-time.
“As the fixed income market becomes more complex and finding
liquidity becomes more challenging, buy-side firms need to be armed
with smart trading tools that can efficiently seek liquidity across
a broad set of protocols while avoiding market impact,” commented
Gareth Coltman, Head of Automation Product at MarketAxess.
“Adaptive Auto-X is an exciting leap forward in intelligent
automation which can deliver greater alpha-generation opportunities
for MarketAxess clients.”
Automated trading on MarketAxess has been used by more than 200
active clients since inception, amounting to over $750 billion in
volume and over 4 million trades. Year to date, automation
protocols represent nearly 10% of total trading volume on
MarketAxess.
Attendees of the 2023 Fixed Income Leaders Summit will get a
first look at phase two features and functionality of Adaptive
Auto-X today.
For more information on Adaptive Auto-X, visit:
https://www.marketaxess.com/trade/auto-execution
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.
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INVESTOR RELATIONS Stephen Davidson MarketAxess
Holdings Inc. +1 212 813 6313 sdavidson2@marketaxess.com
MEDIA RELATIONS Marisha Mistry MarketAxess
Holdings Inc. +1 917 267 1232 mmistry@marketaxess.com
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