ICE Bonds and MarketAxess Holdings have connected their respective liquidity networks, aiming to bring greater efficiency and access to deeper liquidity in fixed income markets to the institutional and wealth management spaces.
The companies plan to establish unique connectivity to their respective protocols and liquidity pools.
The businesses say this will enable ICE Bonds’ automated trading system (ATS), ICE TMC, and MarketAxess’ Open Trading network to communicate with each other, expanding the depth and reach for their respective global user bases.
Pete Borstelmann, president of ICE Bonds, comments: "This collaboration connects two mature liquidity networks in fixed income markets to offer new trading and risk management solutions for clients.
"By combining our complementary strengths, we aim to offer users expanded opportunities to access liquidity in corporate and municipal bonds, enhancing market efficiency and benefiting participants across both platforms."
Rich Schiffman, global head of Trading Solutions at MarketAxess, says: "Our joint efforts are focused on providing access to deeper liquidity across municipal and corporate bonds and diversifying trading options for participants in our marketplace.”
.jpg)