Asia-Pacific
Request a DemoThe electronification of Asia bonds
With an array of innovative protocols and data solutions consolidated into one single trading platform, you are in the driver’s seat.
Network of 90+ global and regional dealers.
2000+ active client and dealer firms globally.
30 local currency markets—8 being Asian.
Best liquidity via Open Trading, our all-to-all marketplace.
A comprehensive data solution suite.
End-to-end pre- and post-trade support.
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.
New issues ready to trade on MarketAxess
When a new issue becomes Free-To-Trade we should be your first port of call. Whether you'd like to trade with all your favourite dealers or leverage our award-winning all-to-all trading network, Open Trading®.
With our Open Trading network, you can leverage the world's deepest credit liquidity pool to get in on the action early. With close to $4bn traded daily with a network of 2,000+ participants, there is no better place to trade new issues.
From high-touch to low-touch: The evolution of fixed-income e-trading
With the uptick of bond issuance across Asia and the increasing inclusion of Asia local currency bonds in global indices, we continue to see an acceleration in the adoption of electronic trading among both buy- and sell-side firms.
Kai Chang, Head of Trading Hong Kong at Ninety One, joins Tricia Chan, our Senior Sales Relationship Manager, to discuss how e-trading has become an essential part of the trading desk’s toolkit—from low- and high-touch trading to the expanding role of data.
Powering performance in APAC bond markets through data and product innovation
Learn how we provided UBS Asset Management with the agility that fixed income markets demand and the tools to deliver innovative strategies for its clients.
The evolution of Global Bond Trading in Japan
As Japanese investors seek newer, higher-yielding opportunities away from home, electronic trading is playing an increasingly important role in how they navigate the global market challenges today. We explore this in our latest white paper that was published in collaboration with Coalition Greenwich, which provides in-depth analysis of the rising demand for fixed income assets, the growing adoption of electronic trading and the unique opportunities available to Japanese investors.
YOY trade volume by APAC clients
YOY Local Markets debt volume by APAC clients
global and regional dealers
The breadth of protocols available on a single platform like MarketAxess helps us improve trading efficiences.
— Khashayar Surti, APAC Head of Trading, UBS Asset Management
Time is the key factor in quality of execution. Electronic trading offers significant benefits, particularly when it comes to efficiency, and MarketAxess has been a key enabler for us across various markets.
— Martin Viseux, Head of Fixed Income Trading Asia, HSBC Asset Management
Markets
Emerging Markets Hard Currency
Emerging Markets Local Currency
US High Grade
High Yield
Agency
Eurobonds
Municipal Bonds
Leveraged Loans
US Treasuries
Access Asia liquidity today
Deeper liquidity at better prices.
A comprehensive product offering – including trading protocols and data – across 7 local currency debt markets and with a network of 90+ global and regional dealers.
Trade US Investment Grade during Asia hours
Be where the action is. Find out why over 2,000 institutional investors and dealers choose MarketAxess to execute their US IG trading strategies.
Access truly global liquidity and market data in real-time
Open Trading®
Our all-to-all network allows you to access valuable liquidity directly—whether dealer to investor, dealer to dealer, Our all-to-all network allows you to access valuable liquidity directly—whether dealer to investor, dealer to dealer, even investor to investor—creating a new universe of opportunities.
Thanks to Open Trading, globally our clients saved over $165 million as of Q2 2025 and $19 cents per Asia Credit bond year to date.*
Request-for-quote (RFQ)
The RFQ trading protocol establishes discrete auctions for each instrument that you want to buy or sell (single items and lists).
Request-for-market (RFM)
Our unique block trading solution. It allows you to submit two-way price requests, with undisclosed direction, to a host of dealers within hard and local currency bond markets.
Now with the ability to request additional size with the winning dealer for local markets RFM trades. RFM Workup allows you to benefit from competitive initial execution and discretely trade more risk directly with the winning dealer.
RFM Workup
Remove winner’s curse by requesting a workup to trade additional size with the winning dealer. Now live for local markets RFM trades.
Portfolio Trading
Our Portfolio Trading protocol will help you address the demand for a streamlined solution by allowing you to market and transact large, customized fixed income portfolios electronically.
Switch (Curve) Trading
Our Switch Trading protocol gives you the ability to switch between long and short duration bonds in all currencies. You can sell and buy two securities in a package where one dealer takes it all.
Auto-X™
Our suite of automation tools determine whether to execute using credible, real-time data. Based on eligibility criteria you set (such as size, price tolerance, number of responders), you can realize cost-savings using Auto-X for low-touch transactions for nearly all bond types across hard and local currency bonds.
Be in control of the type and level of automation that best suits you. Use Auto-X RFQ to automatically take liquidity for high urgency orders, Auto-X Responder to automatically provide liquidity to incoming RFQ inquiries, and Adaptive Auto-X to efficiently request and/or respond to inquiries across multiple execution protocols.
Axes
We have a network of dealers who provide disclosed axes or anonymous axes can be shown from Open Trading participants. This gives clients pricing context of where the market is trading on any given bond that is being shown and the ability to trade discretely on an axe.
Crossing
Our Crossing protocol allows you to transfer bonds from one portfolio to another at a specified mid-price.
Mid-X
Leverage the full power of Open Trading to maximize anonymous matching opportunities and achieve significant cost savings by matching at the Composite+™ mid-market price. Available for both buy-side and sell-side.
Pre-trade and price discovery
CP+™
Our award-winning AI-driven price engine that allows you to check the market’s pulse every fifteen to sixty seconds.
BondTicker®
An aggregated view of all investment grade and high yield bonds disseminated by FINRA—approximately 70,000 issues—with actual prices and spread-to-treasury levels for trades executed on our trading system. Taking a step further, we enrich TRACE data using our advanced analytics and spread calculations.
Easily accessible over the web or as part of our trading platform, BondTicker can also be provided as a customizable data feed integrated directly into internal systems or published externally to third-party subscribers.
Axess All®
The first intra-day trade tape for European fixed income markets, now expanding to Asia Axess All, accessed via BondTicker, displays aggregated volume and pricing for the most actively traded fixed income instruments during Asia trading hours – sourced daily from over 30,000 bond transactions.
Dealer Streams
Indicative dealer pricing from a wide liquidity pool for pre-trade context.
Relative Liquidity Score
This data product provides a defined 0-10 measurement for the current liquidity of individual bonds, highlighting the potential ease an investor can expect to transact a given instrument.
Smart Dealer Select
Choose the right liquidity provider for your sensitive inquiries. Smart Dealer Select increases your trading opportunity by algorithmically highlighting dealers with actual liquidity, using real-time and unique data indicators, to help you achieve a more targeted, selective liquidity pool.
Post-trade
Post-Trade solutions
Straight-through-processing to client Order management systems (OMS).
Audit trail/compliance records.
Historical transaction history with dealers competing quotes.
Transaction cost analysis (TCA) and customized research reports.
Best execution metrics.
An award-winning trading experience
Your one-stop-shop for all your Emerging Market needs
Trade your bonds on our award-winning Emerging Market platform – protocol innovation, pre-trade price discovery, transparency and liquidity all in one integrated and easy-to-use workflow.
As a proud partner of EMpower, find out how we are working to transforming emerging markets both economically and socially.
Latest thought leadership
How is electronic trading transforming the Japanese bond market?
As the global financial landscape evolves, Japan's bond market is at a pivotal crossroads. Japanese investors are navigating this shift, leveraging technology for improved transparency, faster execution, and enhanced liquidity access.
*As of Q1-Q3 2025
*Open Trading price improvement (cost savings) is the average of MKTX Best-To-Dealer Cover per $/€/£100 notional (using the same units as the trade protocol). It quantifies the average difference in price between the best Open Trading (MarketAxess) response and the best disclosed response for Open Trading trades.
*Open Trading price improvement (cost savings) is the average of MKTX Best-To-Dealer Cover per $/€/£100 notional (using the same units as the trade protocol). It quantifies the average difference in price between the best Open Trading (MarketAxess) response and the best disclosed response for Open Trading trades.
*Open Trading之價格改善（成本節約）以每100美元／歐元／英镑名義金額之MarketAxess與報價商價格差異（MKTX Best-To-Dealer Cover）之平均值計算得到（與交易模式採用相同計價單位）。該數值反映（MarketAxess） Open Trading最佳成交價與最佳公開報價之間的平均價格差異。
