NEW YORK, Dec. 11 /PRNewswire-FirstCall/ -- MarketAxess Holdings Inc.
(Nasdaq: MKTX), the operator of a leading electronic trading platform for
credit, and Investment Technology Group, Inc. (NYSE: ITG), a specialized
agency brokerage and technology firm, today announced an agreement to provide
integrated access to the MarketAxess fixed income compliance suite and ITG's
equities transaction cost analysis product, ITG TCA(TM).
The agreement addresses the growing need of institutional clients for
integrated solutions to measure best execution when trading across asset
classes. Through linkages between their respective product offerings,
MarketAxess and ITG will provide access to transaction cost analysis and
compliance tools for equities, investment grade bonds, high yield bonds,
emerging market bonds, and Eurobonds via ITG's post-trade analysis products
and MarketAxess' compliance product offering.
"ITG is committed to providing its clients with an integrated suite of
products that help them navigate the complexities of the marketplace," said
Bob Gasser, ITG's CEO and president. "Easier access to MarketAxess' compliance
suite provides our clients with fixed income compliance and analytics tools,
complementing our equities TCA suite."
"As institutional investors continue to look for compliance solutions to
monitor their trading activity across asset classes, aligning our capabilities
with ITG is an exciting development for us and our clients," said Richard M.
McVey, chairman and chief executive officer of MarketAxess. "Bringing together
market leadership and technology resources in our respective asset classes,
our alliance with ITG is highly complementary."
MarketAxess compliance tools enable clients to review credit trading
activity, quantify best execution, monitor trade exceptions, verify dealer
performance and access archived reports. The offering is accessed through
MarketAxess Corporate BondTicker(TM), the data service that provides market
participants with the most robust corporate bond price information available.
ITG TCA helps clients to optimize fund performance through global
transaction cost assessment, peer group comparison, performance analytics, and
expert consulting. With ITG TCA, clients can customize their investment
process analysis, and monitor and enhance trading performance. At the heart of
ITG TCA is ITG's industry-leading cost estimation model, supported by in-depth
peer group comparative data and benchmark performance measurement. Clients can
access ITG TCA directly through a web portal, or via a connection to ITG's
execution management systems.
Interested clients should contact their ITG or MarketAxess sales
MarketAxess operates one of the leading platforms for the electronic
trading of corporate bonds and certain other types of fixed-income securities,
serving as an electronic platform through which our approximately 650 active
institutional investor clients can access the liquidity provided by our 49
broker-dealer clients. MarketAxess' multi-dealer trading platform allows our
institutional investor clients to simultaneously request competitive,
executable bids or offers from multiple broker-dealers, and to execute trades
with the broker-dealer of their choice. MarketAxess offers our clients the
ability to trade U.S. high-grade corporate bonds, European high-grade
corporate bonds, credit default swaps, agencies, high-yield and emerging
markets bonds. MarketAxess also provides data and analytical tools that help
our clients make trading decisions, we provide connectivity solutions that
facilitate the trading process by electronically communicating order
information between trading counterparties and we provide our clients with
ancillary technology services. Our DealerAxess(R) trading service allows
dealers to trade fixed-income securities with each other on our platform.
For more information, see www.marketaxess.com
About Investment Technology Group
Investment Technology Group, Inc., is a specialized agency brokerage and
technology firm with vast experience spanning the entire investment process.
From pre-trade, to order management, trade execution and post-trade tools, we
develop innovative technologies that help our clients navigate trading
complexities, enhance performance, and solve critical business problems.
As the marketplace continues to evolve, traders and money managers require
more sophisticated tools and expertise to help find liquidity, execute more
effectively, and reduce the overall costs of trading. For nearly twenty years,
ITG has addressed these needs by combining a broad range of advanced trading
technologies, such as POSIT(R), ITG Algorithms(TM), and Transaction Cost
Analysis (TCA(R)), with deep expertise in financial markets. Recognizing a
need in the marketplace for integrated solutions, ITG has added pre- and
post-trade analytics and multi-asset class order management to its product
For more information, see www.itg.com
SOURCE MarketAxess Holdings Inc.; Investment Technology Group, Inc.
CONTACT: Trey Gregory
of MarketAxess Holdings Inc.
, +1-212-813-6382, or
of Investment Technology Group
Web Site: http://www.itg.com