MarketAxess adds municipal bonds to pricing engine
Latest news
MarketAxess adds municipal bonds to pricing engine 05 December 2024 US Reporter: Clelia Frondaroli
Image: ZinetroN/stock.adobe.com
CP+, an AI-powered pricing engine for global credit markets, will now also cover municipal bonds, MarketAxess has announced.
The company says the expansion of coverage will benefit MarketAxess clients with accurate and unbiased reference pricing for the MSRB-reportable municipal bond universe.
The pricing engine is also said to deliver a range of other pricing services, including portfolio construction, price discovery, and end-of-day pricing validation.
Global head of research at MarketAxess, Julien Alexandre, exclaims: “We are excited to see the difference the introduction of AI-powered algorithmic pricing can make to a historically fragmented market like municipal bonds.”
Daniel Kelly, head of municipal securities at MarketAxess, adds: “The muni marketplace has seen notable e-trading growth in recent years, and we believe innovations like CP+ with real-time data, municipal bonds will not only increase transparency and efficiency, but also the speed of adoption for electronic trading.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: ZinetroN/stock.adobe.com 