MarketAxess, the electronic trading platform provider for U.S. and European high-grade corporate bonds, emerging bonds and other fixed-income securities, has opened an office in Sao Paulo.
The firm received authorization from Comissao de Valores Mobiliarios, the securities regulator, and the Central Bank of Brazil to offer e-trading of local currency debt in January.
Brazilian local currency government and corporate bonds are available on the MarketAxess trading platform. Global institutional investor clients can use MarketAxess RFQ technology to request competitive, executable bids or offers from multiple broker-dealers, and execute with the dealer of their choice.
Our clients are eager to trade in one of the worlds fastest-growing debt markets, says Sandy White, emerging markets product manager for MarketAxess. We are currently the leading platform to offer electronic trading of Brazilian local market debt, and we are well positioned to advance electronic trading in Brazil.
The MarketAxess RFQ platform connects more than 300 emerging market institutional investors and 29 emerging market market-making dealers globally, White says. The firm says it traded more than $9 billion in Brazilian debt last year.
(CG)