MarketAxess has added to its emerging markets (EM) trading product, offering local currency bonds in its Open Trading environment.
Open Trading was launched in 2012 to provide an all-to-all trading environment for corporate bonds. The platform offers a diversified global liquidity pool for institutional investor and dealer clients and alternative liquidity providers. Users are able to interact on an anonymous or disclosed basis.
The new service allows clients and dealers to trade on an all-to-all basis, connecting local onshore dealers with an international network of buy-side clients.
Local currency markets in Poland, the Czech Republic, Hungary and South Africa will be the first to be supported on the platform.
Christophe Roupie, head of EMEA and APAC at MarketAxess, says: “Expanding Open Trading across our 28 local markets is something our clients around the world have been asking us for. Expanding in these four new local markets is only the first step, and we hope to expand the model further to more local currencies in the first half of next year.”
