Toronto & Montreal - MarketAxess the operator of an electronic trading platform for U.S. and European high-grade corporate bonds, high yield bonds, emerging markets bonds, credit default swaps (CDS) and other types of fixed-income securities, has announced it has received regulatory approval from the Investment Industry Regulatory Organization of Canada (IIROC) to operate its trading platform in Quebec, Canada. MarketAxess has been operating in Ontario since 2008, and is a member of IIROC and the Canada Investor Protection Fund (CIPF).

Institutional investors in Ontario and Quebec can trade US dollar and Euro-denominated corporate debt, emerging market corporate and sovereign debt and credit default swaps (CDS) on the MarketAxess trading platform. Institutional investor clients can employ MarketAxess' patented request-for-quote (RFQ) technology to request executable bids or offers from multiple broker-dealers, and execute with their dealer of choice.

Kevin McPherson, Head of Sales for MarketAxess, said "Electronic trading can help investors more easily source fixed income liquidity and improve trade execution. As the leading global electronic trading platform for corporate bonds, we've seen how investors benefit from increased transparency and efficiency through electronic execution. We have also identified significant, quantifiable cost savings when trading bonds electronically versus the phone. We are excited to expand our institutional trading community in Canada to provide access to the largest and deepest liquidity pool for the credit markets."