In the past decade, closing volume in corporate bond markets has grown continuously, largely driven by index pricing shifts and a spike in portfolio trading, a recent BondWave study has shown.
The trade follows the launch of MarketAxess’ electronic trading solution for Indian government bonds in June, making it the first platform to provide this offering.
The firm has said that the offering will address growing demand from investors in both the European and global markets for greater insight into the syndicated loan market.
Individual joins from BNP Paribas CIB and has held trader positions at Jefferies, MUFG and FXCM.
The group, co-ordinated by Ediphy, consists of Google Cloud, UBS, TP ICAP, Cboe Global Markets, FactSet, and Norges Bank Investment Management.
New offering is the first development ahead of future corporate treasurer workflow integration; launch follows Tradeweb’s acquisition of ICD in 2024.
The platform facilitates the exchange of active futures block orders.
International investors are set to be able to trade Indian government bonds (IGB) electronically.
BMO Capital Markets and Schwab Asset Management have already executed the first trade referencing Bloomberg’s Evaluated Pricing Service (BVAL) as the closing price.
The growth reflects increasing buy-side demand for all-to-all trading, particularly driven by the corporate bond market, according to the latest Coalition Greenwich report.