European Credit
New Issues ready to trade on MarketAxess
When a new European Credit bond is issued, we should be your first port of call. Trade new issues when they become Free-To-Trade. Leverage our deep liquidity pool, including the ability to trade anonymously through our Open Trading® network to get in on the action early. Additionally, you can access market data, via our TraX® suite of products, to assess the relative value of the new issue vs the existing curve.
Our Open Trading desk is here to help upsize trades or reflect targets. Take advantage of our 50% discounted fee schedule within the first 5 trading days of the issue.
Access European markets on your terms, with a toolkit that caters to your workflow.
However you like to trade, from voice to algorithmic and RFQ to auto-execution, with a few select dealers or all-to-all, we can make your workflow simpler and more efficient across European markets. And as market conditions change, you need to be able to do it all, quickly. Now, you can.
Average Daily Volume
Active Clients
Dealers
Open Trading
Short on time but long on illiquid bonds?
Use our Portfolio Trading protocol to find execution certainty for customized lists of infrequently traded bonds. This streamlined solution handles up to 1500 line items.
Perform pre-trade analytics
Negotiate on individual line items
Multi-directional
"All or None” supported
Join the block revolution
There’s a reason why electronic trades are increasing in size. Inviting more dealers results in more responses, even in bigger blocks.
Q2 block volume
14.5bn
Av. size
7.3mm
Av. no. prices
7
Easily deploy our vast trove of data from price discovery to benchmarking performance
Axess All
The first intra-day trade tape for European fixed income markets, accessed via BondTicker, displays aggregated volume and pricing for the most actively traded fixed income instruments – sourced daily from over 30,000 bond transactions across multiple platforms and OTC trades.
Composite+™
Our AI-powered predictive pricing engine, built on Trax, Trace and MarketAxess’ proprietary data gives you unbiased two-way and mid-market prices in Euros, GBP, Nordic and other currencies for over 32,000 bonds.
TCA
Analyze your trading activity to measure efficiency as well as ensuring you meet risk and compliance obligations.
Cover the full trade life-cycle in a single place
Start with pre-trade price discovery using Axess All®, Europe’s first intra-day tape, sourced from over 75% of European volume (voice and electronic).
Trade in Euros and local currencies using the protocol of your choice, including Open Trading®, our all-to-all solution with over 1900 active participants around the world.
Complete the life-cycle with our full European regulatory reporting infrastructure. All while you receive support in your own language from our teams on the ground in Europe.
Data-driven dealer selection has arrived
Smart Dealer Select lets you choose the criteria to define your top dealers and eliminate ones who aren’t pricing on your side or are currently axed. Then you’re presented a selection populated by a variety of real-time and historical indicators including actual liquidity. On larger, sensitive inquiries, you’ll benefit from:
More targeted dealers
Reduced information leakage
Greater automation lets you focus more on strategy
Power and simplicity come together in our suite of automated execution tools. Easy to set up, Auto-X RFQ fits your existing workflow and lets you define and control parameters.
Take the human error out of your voice trades
Do what you do best by phone, then use the “Process Trade” function to submit your agreed trade through our platform. And let technology do what it does best, keeping track of the details, so you don’t have to.
Open Trading
All-to-all trading with our global network of over 1,900 investor and broker dealer firms changes what’s possible.
Trade anonymously without counterparty restrictions
Around the clock global trading
Auto responder for European products lets resting orders execute without intervention
Volume
21% All Euro Credit
Buy-side liquidity
122 firms priced back
Advance your rates trading by seamlessly bringing data, liquidity and strategy together
