Latest news with #electronictrading
Bloomberg
01-08-2025
- Business
- Bloomberg
Barclays Says Credit Liquidity Premium Gone as E-Trading Thrives
The additional compensation investors demand to own tougher-to-sell investment-grade bonds has vanished, thanks to a boom in electronic and portfolio trading, according to Barclays Plc. The so-called illiquidity premium on such deals dropped to nearly zero in July, from 11 basis points between 2018 and 2024 and 35 basis points between 2011 and 2017, Barclays analysts including Zornitsa Todorova and Andrea Diaz Lafuente wrote in a note this week. That excludes periods of heightened volatility, such as the Covid-19 pandemic.
Yahoo
17-07-2025
- Business
- Yahoo
MarketAxess to Host Conference Call Announcing Second Quarter 2025 Financial Results on Wednesday, August 6, 2025
NEW YORK, July 17, 2025--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its second quarter 2025 financial results on Wednesday, August 6, 2025, before the market opens. Chris Concannon, Chief Executive Officer, and Ilene Fiszel Bieler, Chief Financial Officer, will host a conference call to provide a strategic update and discuss the Company's financial results and outlook on Wednesday, August 6, 2025 at 10:00 a.m. ET. To access the conference call, please dial 646-307-1963 (U.S./International) and use the ID 1832176. The Company will also host a live audio Webcast of the conference call on the Investor Relations section of the Company's website at The Webcast will also be archived on for 90 days following the announcement. About MarketAxess MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Approximately 2,100 firms leverage MarketAxess' patented technology to efficiently trade fixed-income securities. Our automated and algorithmic trading solutions, combined with our integrated and actionable data offerings, help our clients make faster, better-informed decisions on when and how to trade on our platform. MarketAxess' award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at and on X @MarketAxess. View source version on Contacts INVESTOR RELATIONS Stephen Davidson MarketAxess Holdings Inc.+1 212 813 6313sdavidson2@ MEDIA RELATIONS Marisha Mistry MarketAxess Holdings Inc.+1 917 267 1232mmistry@ Sign in to access your portfolio
Yahoo
20-06-2025
- Business
- Yahoo
Morgan Stanley to Exit U.S. Options Market-Making Business
Morgan Stanley MS is planning to shut its automated market-making business that specializes in electronic market-making for U.S. stock options. The news was reported by Bloomberg, citing sources familiar with the matter. The unit had been part of the MS efforts to execute options trades electronically and pay retail brokers for order flow. Morgan Stanley is winding down its options market-making operations, stepping back from a sector increasingly dominated by high-speed trading firms. The decision marks a strategic exit from a business where electronic execution and payment for order flow had been central. Despite significant growth in U.S. derivatives activity, traditional banks like Morgan Stanley face increasing challenges competing with proprietary trading firms such as Citadel Securities and IMC Trading. These firms leverage superior speed, scale, and technology while operating under lighter regulatory burdens. Once among the few major banks still paying for options order flow, Morgan Stanley's exit plan reflects the structural challenges faced by traditional market participants when competing with companies optimized for speed, scalability, and technological sophistication, often under less stringent regulatory regimes. Shares of MS have rallied 37.7% compared with the industry's 29.8% growth in the past year. Image Source: Zacks Investment Research Currently, Morgan Stanley carries a Zacks Rank #3 (Hold). A couple of other noteworthy banks include Affiliated Managers (AMG) and Evercore Inc. (EVR). The Zacks Consensus Estimate for AMG has remained unchanged for 2025 over the past week. Its stock has risen 17.5% in the past six months. AMG currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Similarly, earnings estimates for EVR have also remained unchanged for the current year in the last week. Shares of EVR have gained 26.7% over the past year. The stock presently carries a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Morgan Stanley (MS) : Free Stock Analysis Report Evercore Inc (EVR) : Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
MarketAxess Rolls Out E-Trading for Indian Govt Bonds to Global FPIs
MarketAxess Holdings Inc. MKTX made a significant step by launching the first fully electronic trading workflow for Indian Government Bonds (IGBs) accessible to Foreign Portfolio Investors (FPIs). This innovation enables global investors to trade IGBs seamlessly on the same platform that already offers access to 29 local currency bond markets. By connecting directly with India's Negotiated Dealing System — Order Matching (NDS-OM) platform through the Cleaning Corporation of India, MKTX is taking the trade experience to the next level, covering everything from pre-trade allocation to post-trade reporting. In the past, trading of IGBs was associated with manual processes and regulatory challenges that discouraged foreign investors from participating. But today, with electronic execution, streamlined settlement and smooth straight-through processing, the barriers for global institutions to enter the market have been significantly reduced. This strategic step reinforces MarketAxess' position as a leader in the emerging markets (EM) bond arena. In the first quarter of 2025, MKTX reported 9% year-over-year growth in the trading volume of emerging markets. EM trading ADV increased to $3.9 billion in the same quarter, indicating 9% year-over-year growth. As now India is also included in its offerings, the trading volume could further boost. As global investors are looking for high-yield, stable emerging markets, India's debt market is emerging as a significant opportunity. MarketAxess' innovative approach not only makes it easier to access this market but also highlights a larger trend toward the digital transformation of sovereign bond trading. Over the past year, MKTX shares have risen 14.3%, underperforming the industry's growth of 28.6%. Image Source: Zacks Investment Research MarketAxess currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are Pagaya Technologies Ltd. PGY, Heritage Insurance Holdings Inc. HRTG and Virtu Financial Inc. VIRT, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Pagaya Technologies' current-year earnings of $2.45 per share has witnessed two upward revisions in the past 60 days against none in the opposite direction. Pagaya Technologies beat earnings estimates in two of the trailing four quarters and missed twice, with the average surprise being 12.9%. The consensus estimate for current-year revenues is pegged at $1.2 billion, implying 19.9% year-over-year growth. The Zacks Consensus Estimate for Heritage Insurance's current-year earnings of $3.25 per share has witnessed two upward revisions in the past 60 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth. The Zacks Consensus Estimate for Virtu Financial's current-year earnings is pegged at $3.97 per share, implying 11.8% year-over-year growth. In the past 60 days, Virtu Financial has witnessed five upward estimate revisions against none in the opposite direction. The consensus mark for the current-year revenues is pegged at $1.7 billion, calling for 5.2% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MarketAxess Holdings Inc. (MKTX) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report Pagaya Technologies Ltd. (PGY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Reuters
17-06-2025
- Business
- Reuters
MarketAxess launches electronic trading platform for foreign investors in Indian debt
MUMBAI, June 17 (Reuters) - MarketAxess Holdings said on Tuesday it has launched electronic trading services for Indian government bonds, making it the first platform to give foreign investors direct access to the market. The platform will be interlinked with the Clearing Corporation of India's (CCIL) trading system NDS-Order Matching platform, allowing foreign investors to bid and offer securities directly along with local investors, the U.S.-based firm said. "We expect investors will start to use this platform soon. It will provide direct access to foreign investors and the post-trading tasks will be much more enhanced and efficient," Riad Chowdhury, head of Asia-Pacific at MarketAxess told Reuters. The CCIL did not reply to a Reuters email for comment. "The platform will ease pre-trade eligibility criteria for foreign investors and will speed up the post-trade process and regulatory requirements," Chowdhury said. MarketAxess also provides trading in 29 other emerging market bond markets, and has about 1400 clients using its platform. Chowdhury said that in his experience, electronic trading platforms help boost volumes, and this could be replicated for Indian bonds. "Some emerging markets do benefit from enhancement of trading abilities as clients are incentiveised to trade more because of the liquidity available. I do think clients who are seeking liquidity could enhance volume to an extent." Foreign investors are increasingly trading Indian government bonds since they became a part of JPMorgan's emerging market debt index in June 2024 and Bloomberg's Emerging Market Local Currency Index in January 2025. They have been large sellers of Indian bonds since April, but bought debt worth 1.2 trillion rupees ($13.98 billion) on a net basis under the Fully Accessible Route (FAR) from July to March, when the weighatage of Indian bonds increased to 10% in the JPMorgan index. Most bonds under FAR are part of global indexes. ($1 = 85.8180 Indian rupees)
