Delivering Value for Dealers
Why we’re the top client for the world’s biggest dealers
We know every dealer is unique, so you receive a truly personalized service. Leverage the breadth of our client network to understand how you can trade more competitively. Whether you need to enhance your portfolio trades, tweak your algos, or improve any aspect of your trading we’re ready to help.
Mid-X: Anonymous matching sessions at the mid-point price
Join daily anonymous mid-point matching sessions using unbiased mid-price levels established by our award-winning CP+™ pricing tool. Mid-X allows you to execute trades quickly, efficiently, and discreetly. Once your trades are matched, they are executed and will flow through your existing post-trade setups — no additional work is required to receive trade confirmations.
Sessions runs in Asia-Pacific, CEEMEA, and the US with alerts reminding you when a session is about to start.
CP+: Data the market relies on
Actionable, complete, and dynamic bond market pricing. CP+ provides a more accurate reflection of global markets by assessing signals from the vast MarketAxess trading platform. These signals include both completed transaction and various indications of interest. Because our trading venue sees more credit market activity than any single participant, the quality of the information you receive is second to none.
Proprietary MarketAxess platform
MarketAxess TraX®
Public
FINRA TRACE: Transacted data
Dealer RFQ
Trading today requires an agile and flexible approach to managing risk. With Dealer RFQ you can capture liquidity from the world’s largest credit liquidity pool. Leverage our all-to-all Open Trading® network of global dealers and non-dealer counterparties to source liquidity from the entire market!
Dealer RFQ allows you to anonymously send inquiries directly to the entire market and receive levels on screen in an RFQ model similar to your clients. Or you can connect to our platform via API to trade from your internal systems.
AI Select
Trading high touch RFQs requires fast, confident dealer selection. AI Select uses machine learning and Proprietary MarketAxess inquiry and response data to help identify the dealers most likely to deliver strong outcomes for each specific inquiry.
AI Select generates inquiry-specific dealer rankings based on the bond, side, and size of an RFQ, learning from real market behaviour such as response quality, competitiveness, and performance on comparable bonds. Designed to work alongside axes, AI Select fits seamlessly into existing workflows to support more consistent execution decisions.
Open Trading: Redefining liquidity
Boost your trading volume and opportunity
Access an unrivaled client network
With Open Trading, you can price more inquiries — even when you’re not included on the RFQ as a disclosed dealer. And connecting to more counterparties improves trading outcomes plus lowers transaction costs whether you’re a liquidity provider or taker.
Learn moreLive Markets: Instant liquidity in active bonds
Our anonymous central limit order book displays fully executable, streaming liquidity in active and newly issued bonds. With commitment from Goldman Sachs, Barclays and Flow Traders, don’t miss any trading opportunities.
Live Markets Product SheetLive Markets Match & Multi-Party Workup
Live Markets Match is an anonymous matching sessions where you can trade discreetly at the established level within our CP+ pricing range. Live Markets Multi-Party Workup is an anonymous matching sessions where you can trade discreetly at the recently traded level. Available in US IG and HY.
Learn moreClearly Erroneous Trades
Rest assured. When things go wrong — from fat fingers to system failures and other errors — our Clearly Erroneous Trade Policy provides impartial adjudication on erroneous trades occurring on Open Trading.
Learn moreDealerAxess: Your digital trading partner
Fixed income trading is shifting fast, with dealers embracing electronic execution with their clients but often missing out on using it to manage their own risk. Relying solely on voice trading with inter-dealer brokers limits access to full market liquidity. DealerAxess changes that—connecting Dealer Relationship Management with Open Trading® to offer both deep liquidity and high-touch service.
Our experienced team delivers premium support, helping with trade upsizing, complex transactions, and settlements. Whether by chat, email, or phone, we're here to be your go-to trading desk every step of the way.
More than just machines
Aside from access to best-in-class liquidity, our DealerAxess team can help provide a more hands on service. If we are going to be your #1 trading counterparty on the platform, you should expect a premium trading desk service in return.
Leverage our market specialists with decades of combined experience in trading, sales, and broking as well as on-desk operations and settlements expertise. We’re here to provide comprehensive support throughout your trading journey. Our services include assisting with upsizing trades, reflecting targets, facilitating complex transactions, and offering expert advice on settlements. Reachable by chat, email, or a phone call our team is here to help.
