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Market Axess adds four more broker dealers to European credit platform

First Published 1st April 2015

MarketAxess expands liquidity in European credit with addition of four dealers.

London - MarketAxess Holdings has added a further four market-making broker-dealers to its European credit trading platform . The new dealers providing liquidity to institutional investors in European credit are: Australia and New Zealand Bank (ANZ), Canadian Imperial Bank of Commerce (CIBC), Mizuho, and Toronto-Dominion (TD). This brings the total number of broker-dealers on the European platform to 34.

Through its Singapore branch, MarketAxess Europe has also recently enhanced liquidity in Asian credit with the addition of DBS Bank. This brings the total number of broker-dealers providing liquidity for Asia Credit during Asia trading hours to 26.

Graham Halliday, Head of Fixed Income Trading, Mizuho, comments: "We are delighted to add MarketAxess to our existing electronic trading offering for European credit. Broadening investor coverage is essential in further enhancing our established profile in this area. Electronic trading is the key medium underpinning the rapid growth of our European credit franchise."

Michael Murphy, Head of Investment Grade Trading, Toronto-Dominion Bank (TD), added: "Following our very successful launch on the MarketAxess platform in the U.S. in 2014, we are excited to join MarketAxess Europe and continue growing TD's global credit franchise."

Chris Jones, Head of Dealer Sales, MarketAxess Europe, comments: "MarketAxess is committed to providing global credit market participants with unparalleled trading technology and a broad and diverse liquidity pool. The addition of these new dealers and advances in our trading functionality have further bolstered our offering in Europe. European trading volumes so far this year have more than doubled compared to the same period last year, and this strong growth is testament to our focus on continually improving the liquidity available to our European clients."