MarketAxess To Link Electronic Credit Trading Platform With Bloomberg Service

MarketAxess Holdings Inc., the operator of an electronic trading platform for US and European high grade corporate and emerging markets bonds, is working with Bloomberg to create a direct interface between the MarketAxess and the Bloomberg Portfolio Order Management system

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MarketAxess Holdings Inc., the operator of an electronic trading platform for US and European high-grade corporate and emerging markets bonds, is working with Bloomberg to create a direct interface between the MarketAxess and the Bloomberg Portfolio Order Management system on the Bloomberg Professional(R) service.

Using the FIX 4.4 protocol, the interface between MarketAxess and Bloomberg will allow MarketAxess users of Bloomberg POMS to send trade inquiries from their POMS fixed income blotter directly into the MarketAxess trading platform. Upon execution of a trade, MarketAxess will then transmit the filled orders back to Bloomberg POMS, eliminating several manual re-keying steps in the trade processing cycle.

“Linking the superior execution capabilities of the MarketAxess platform with POMS on the Bloomberg Professional(R) service dramatically increases the efficiency of trading fixed income for US and European MarketAxess clients that use POMS,” said Nick Themelis, CIO of MarketAxess. “With this agreement, we are creating a seamless trading process from order initiation to post-trade portfolio management, removing several manual steps in the process.”

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