NEW YORK, Nov. 22, 2013 (GLOBE NEWSWIRE) -- MarketAxess SEF Corporation, wholly owned by MarketAxess Holdings Inc (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today confirmed open and impartial access to its SEF platform, in line with CFTC Staff Guidance issued on November 14, 2013.
All participants on the MarketAxess SEF have the ability today to fully access the platform in such a way that they can both make and respond to executable bids and offers from all other participants on the platform. This means that all participants may choose to act as a liquidity provider or a liquidity taker for all intended to be cleared (ITBC) swaps on the MarketAxess SEF.
Rick McVey, Chief Executive Officer of MarketAxess, said: "The implementation of the SEF rules represents a tremendous change for the swaps industry. We are focused on ensuring that both we and our clients are in full compliance with all industry regulations. By offering robust and flexible technology solutions we have been able to consistently support our platform participants, as they navigate these new regulatory requirements."
MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. Over 1,000 institutional investor and broker-dealer firms are active users of the MarketAxess trading platform, accessing global liquidity in U.S. high-grade corporate bonds, European bonds, high-yield and emerging markets bonds, agency bonds, asset-backed and preferred securities and credit default swaps. MarketAxess SEF Corporation has received temporary registration from the U.S. Commodity Futures Trading Commission to operate a swap execution facility. MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients. Through its Xtrakter subsidiary, MarketAxess also offers a range of pre- and post-trade services, including trade matching, regulatory transaction reporting and market and reference data, across a range of fixed-income products.
MarketAxess maintains its headquarters in New York and has offices in London, Boston, Chicago, Los Angeles, Salt Lake City, Sao Paulo and Singapore. For more information, please visit www.marketaxess.com.
Source:MarketAxess Holdings, Inc.