MarketAxess launches electronic Asian local-currency bond trading

By Angela McDaniels

Tacoma, Wash., Dec. 8 – MarketAxess Holdings Inc. added the ability to trade local-currency Asian bonds to its electronic trading platform, according to a company news release.

Platform participants are now able to trade bonds denominated in Indonesian rupiah, Thai baht and Singapore dollars from 10 market-making dealers in addition to the 29 dealers already providing liquidity in hard-currency Asia bonds.

MarketAxess is based in New York. It operates an electronic trading platform for fixed-income securities and provides market data and post-trade services for the fixed-income markets.

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