MarketAxess acquires LiquidityEdge 04 November 2019 London Reporter: Jenna Lomax
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MarketAxess has acquired LiquidityEdge LLC to continue its innovation within the US Treasury market.
LiquidityEdge connects primary and regional dealers, professional trading groups and buy-side clients.
The platform offers bilateral and customisable peer-to-peer streaming on a fully disclosed basis, featuring relationship-based peer-to-peer trading between known and trusted counterparties.
It also provides pre-and post-trade attribution, face counterparty at point of the match and prime brokers/self clearers at point of settlement and allows liquidity providers to tier streams to individual consumers.
Chris Concannon, COO of MarketAxess, said: “We’re thrilled to welcome the LiquidityEdge team to MarketAxess and look forward to the expansion of our fixed-income trading capabilities to include US treasuries. We see a strategic opportunity to grow LiquidityEdge’s existing dealer-to-dealer business by building custom, dealer-to-client connections.”
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