MarketAxess has become the first platform to provide fully electronic workflow for the trading of Indian government bonds to foreign portfolio investors.
Riad Chowdhury
Specifically, international investors will be able to trade IGBs electronically. This goes alongside MarketAxess’ trading platform’s other 29 other local currency bond markets it already offers.
“By integrating directly with the NDS-OM system operated by the Clearing Corporation of India Limited, our solution is designed to increase efficiency across the entire trading workflow, from pre-trade allocation to post-trade reporting,” said Riad Chowdhury, head of Asia-Pacific at MarketAxess.
“Global emerging markets are well-positioned for increased innovation and international investment—as evidenced by India’s recent addition to notable global EM indices—and we are excited to support both with this launch.”
The move expands the firm’s established emerging markets offering, which in 2024 reported annual trading volumes of nearly $860 billion.