MarketAxess Holdings Inc., the operator of an electronic trading platform for U.S. and European high-grade corporate and emerging markets bonds, announced Wednesday the addition of Bonds Direct, a division of Jefferies & Company, Inc., as a participating dealer on MarketAxess’ U.S. high-grade and U.S. agency platforms.
The addition of Jefferies brings the total number of dealers participating on the MarketAxess global platform to 23.
“We are pleased to welcome Jefferies as a participating dealer on the MarketAxess platform,” said Richard M. McVey, chairman and chief executive officer of MarketAxess. “MarketAxess is committed to providing superior technology solutions and unmatched liquidity to our broad base of institutional investment clients. The addition of Jefferies will further enhance our market-leading position in client-to-dealer e-trading services in the credit markets.”
Lee Fensterstock, managing director of the Bonds Direct Division of Jefferies, said, “We are very pleased to have the opportunity to participate on MarketAxess. MarketAxess’ position as the leading electronic trading platform for corporate bonds will allow us to broaden our distribution to its large pool of active institutional investors.”