MarketAxess and UBS Bond Port announce workflow integration
16 December 2024 UK
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MarketAxess and UBS Bond Port have announced users of Axess IQ, the private banking and wealth management front-end of MarketAxess, will now be able to connect to UBS Bond Port to directly route orders to the UBS Bond Port order book with a single click.
The connection is designed to further complement liquidity and workflow options available to Axess IQ users.
The firms say the integration of the new order routing workflow, coupled with Axess IQ’s intelligent limit monitoring, data-driven order and execution management, and request for quote trading features aims to enhance efficiency of every execution desk that is using UBS Bond Port.
Execution traders can remain on Axess IQ as their central order manager and access point to a variety of trading protocols and liquidity pools, now including UBS Bond Port, without having to navigate away from MarketAxess.
Erik Tham, head of Product Management, Global Private Banking at MarketAxess, says: “The seamless integration with UBS now allows users of Axess IQ to place their limit orders with a single click from their Axess IQ order manager straight to UBS Bond Port’s liquidity pool. All orders will continue to be monitored in Axess IQ, giving the trader maximum control with less clicks — further boosting execution workflow efficiency.”
Mark Eardley, global product manager at UBS Bond Port, comments: “Enabling Bond Port and MarketAxess’ mutual clients to route orders directly to Bond Port via Axess IQ is another great illustration of UBS’s collaboration with market participants to allow clients to participate seamlessly with our unique liquidity leveraging their existing connections. By utilising our proprietary API, MarketAxess will be the first to benefit from future Bond Port functionality enhancements.”
The connection is designed to further complement liquidity and workflow options available to Axess IQ users.
The firms say the integration of the new order routing workflow, coupled with Axess IQ’s intelligent limit monitoring, data-driven order and execution management, and request for quote trading features aims to enhance efficiency of every execution desk that is using UBS Bond Port.
Execution traders can remain on Axess IQ as their central order manager and access point to a variety of trading protocols and liquidity pools, now including UBS Bond Port, without having to navigate away from MarketAxess.
Erik Tham, head of Product Management, Global Private Banking at MarketAxess, says: “The seamless integration with UBS now allows users of Axess IQ to place their limit orders with a single click from their Axess IQ order manager straight to UBS Bond Port’s liquidity pool. All orders will continue to be monitored in Axess IQ, giving the trader maximum control with less clicks — further boosting execution workflow efficiency.”
Mark Eardley, global product manager at UBS Bond Port, comments: “Enabling Bond Port and MarketAxess’ mutual clients to route orders directly to Bond Port via Axess IQ is another great illustration of UBS’s collaboration with market participants to allow clients to participate seamlessly with our unique liquidity leveraging their existing connections. By utilising our proprietary API, MarketAxess will be the first to benefit from future Bond Port functionality enhancements.”
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