Electronic trading platform for U.S. and European fixed-income bonds MarketAxess Holdings just added non-agency RMBS and CMBS to its e-trading platform.
MarketAxess is now the only electronic fixed-income marketplace to offer electronic non-agency RMBS and CMBS trading to institutional investors. These expansion follows the addition of ABS earlier in 2011 to the platform's structured product offerings.
“We are committed to offering our clients a broad suite of fixed income products to support their e-trading requirements," Kevin McPherson, head of sales at MarketAxess, said. "By delivering our award winning technology for the structured products marketplace today, we are well placed in the long term as the preferred destination for structured products e-trading.”
“We have seen good traction in ABS trading over recent months and have introduced non-agency RMBS and CMBS in direct response to client demand to expand our menu of structured products," Lou Violante, structured products manager at MarketAxess, said. "Electronic trading is an efficient way to source liquidity and achieve price transparency for the structured products market. The marketplace has been extremely supportive of our new developments and we welcome their participation.”