MarketAxess expands Brazilian debt buying and selling features By means of Making an investment.com

© Reuters.

NEW YORK & SAO PAULO – MarketAxess Holdings Inc. (NASDAQ: MKTX), a distinguished digital buying and selling platform for fixed-income securities, has offered complete buying and selling features for all Brazilian sovereign debt tools, together with LFTs, LTNs, NTN-Fs, and NTN-Bs. This growth follows the a success execution of the 1st shopper Casada industry by way of Request-for-Quote (RFQ) protocol on their Rising Markets platform, with Safra collaborating because the buyside shopper.

The enhancement of MarketAxess’s services and products comes at a time when Brazil’s secondary debt marketplace is experiencing a surge, with buying and selling volumes attaining $20 billion in reasonable day by day quantity (ADV) and aggregating over $4 trillion in 2023, as reported by means of the Brazilian Nationwide Treasury. The RFQ protocol, a mainstay in international constant revenue digital buying and selling, is anticipated to facilitate higher liquidity discovery for buyers attractive in Brazilian debt.

Maria Calderon, Head of Latin The us Gross sales at MarketAxess, expressed delight within the corporate’s milestone of supporting the first-ever Casada industry by way of RFQ. She highlighted Brazil’s importance as one of the vital biggest bond markets in Latin The us and MarketAxess’s dedication to innovation and assembly the wishes of each native and world buyers.

MarketAxess’s Rising Markets platform boasts participation from over 1,600 marketplace members throughout greater than 120 international locations and comprises 28 native foreign money bond markets. The platform’s liquidity pool was once additional deepened with the This fall 2023 advent of Open Buying and selling for native foreign money bonds, which connects native sellers with world buyside shoppers.

The corporate’s funding in rising markets, in particular in Brazil, is evidenced by means of the brand new vary of goods that cater to the wishes of native shoppers and sellers who’ve proven passion in RFQ protocols.

This building is a part of MarketAxess’s ongoing efforts to reinforce buying and selling potency, liquidity, and price financial savings for institutional buyers and broker-dealers within the international fixed-income markets. The tips is in response to a press liberate commentary from MarketAxess Holdings Inc.

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