MarketAxess has gained approval to operate as a Recognised Market Operator (RMO) in Singapore by the financial regulatory authority.
The firm described the approval as a significant milestone as it looks to grow its Asian-based investor and dealer client base as they continue to adopt electronic trading services.
Christophe Roupie, head of Europe and Asia for MarketAxess and Trax, commented: “We are deeply committed to our growing community of buy- and sell-side clients across the globe and recognise the unique opportunity in Asia.
“Receiving our RMO approval further demonstrates our commitment to expanding our business in the region and investing in local capabilities.”
MarketAxess currently has offices in Singapore and Hong Kong providing the institutional fixed income community with liquidity in hard-currency and local-market debt.