Asia Local Markets
YOY Asia Local Markets debt volume
local currency debt markets in Asia
global and regional dealers
Local Market debt instrument product offering
Our Asia local markets debt instrument offering includes sovereign, quasi-sovereign, inflation linked bonds and T-bills, available during global trading hours for Asia, Americas and Europe. MarketAxess does not allow any access to its systems from within the jurisdiction of Indonesia.
China
Malaysia
Hong Kong
Philippines
India
Singapore
Korea
Thailand
The first fully electronic trading solution for IGBs is now live
Be the first to trade IGBs electronically. We’re pleased to announce that Indian Government Bond (IGB) trading is now live via the MarketAxess platform. By integrating directly with the NDS-OM system operated by the Clearing Corporation of India Limited, the addition of IGBs now extends our coverage to 30 global EM local currency bond markets.
Our solution is designed to provide Foreign Portfolio Investors (FPIs) and market makers with an enhanced and efficient trading experience.
A complete suite of trading protocols: Adapted to optimize execution performance.
Request-for-Market (RFM)
Trade bigger in Asia Local markets
Achieve superior outcomes relative to voice trading with a deeper liquidity pool and consistently positive TCA.
Request two-way pricing without disclosing direction—removing your “winner’s curse”.
Now with the ability to request additional size with the winning dealer—RFM Workup.
Request-for-Quote (RFQ)
Single/List Trading in Local Currency.
Access local and regional dealer traders.
Trade up to 40 bonds in a list.
All details flow into your OMS once the trade completes.
Domestic and Euro-Clear settlement alongside FX support.
Switch Trading
A new way to play the yield curve.
Switch between long and short duration bonds.
Achieve more efficient and risk-neutral pricing when dealers price both legs.
DV01, Net Cost, and Yield Differential are displayed.
Now with the ability to settle in USD.
Process Trade
Execute an off-venue trade on MarketAxess.
Full STP and OMS support.
Full allocation support.
Data
See where the markets are moving
Get algo-generated pre-trade pricing for over 2,400 Local Market bonds, including 590 Asian Local Market bonds across eight local currencies.
See traded volumes and directional sentiment to assist with portfolio construction and risk management.
View more than 70,000 daily transactions executed across APAC and European bond markets for over 5,000 Emerging Markets bonds, including approximately 350 Asia local currency bonds.
Auto-X™
Go low-touch to fully automated
Automatically take liquidity for high urgency orders.
Streamline your RFQ process with a simple parameter set up that requires no adjustments to workflow.
Optimized with Open Trading® for unparalleled liquidity.
Trading China onshore bonds is simple when you know how
A seamless and centralized user experience to trade onshore China bonds via Bond Connect and CIBM Direct, now available on MarketAxess.
The transformation of China’s onshore bond market
How are market participants creating the financial infrastructure needed to transform China’s $17tn bond market? Discover insights from a recent Trader’s Table that was hosted in partnership with Bond Connect Company Limited.
An award-winning trading experience
Latest thought leadership
Advancing fixed income trading across APAC
How is MarketAxess redefining the landscape of fixed income electronic trading across APAC? Following our fourth consecutive win as "Best Securities Trading Platform" at Asia Asset Management’s 2024 Best of the Best Awards, Riad Chowdhury, Head of APAC, shares with the publication how, through technology innovation and client partnerships, we’re setting new standards in the APAC bond markets.
