Auto-X™ RFQ
for Tax-Exempt
Municipal Bonds
Use CP+™ for Munis to elevate
your trading experience
for Tax-Exempt
Municipal Bonds
Use CP+™ for Munis to elevate
your trading experience
Functionality overview
Auto-X™ RFQ for Tax-Exempt Munis is a parameter-based
automated trading solution for buy-side clients looking to
source liquidity through bid-wanteds and optimize trading.
With Auto-X RFQ you will engage with a low to no touch
execution solution on MarketAxess. We are providing clients
with a simplistic way to obtain efficiency while leveraging your
direct counterparties in anonymous all-to-all workflow for best
execution. Optimize your selling execution workflow today.
5,000
10,000
15,000
20,000
25,000
30,000
35,000
550,000
-
1,100,000
1,650,000
2,200,000
2,750,000
3,300,000
T R A D E CO U N T
T R A D E VO LUME ( $ 0 0 0 ’ S )
2022 Q4
2023 Q1
2023 Q2
2023 Q3
2023 Q4
2024 Q1
2024 Q2
2024 Q3
2024 Q4
Trade Volume Trade Count
Auto-X Volume and Count
01
$5.1B
TRADED IN
2024 USING
AUTO-X RFQ
26%
OF TOTAL TRADE
COUNT USING
AUTO-X RFQ
21%
OF TOTAL TRADE
VOLUME USING
AUTO-X RFQ
Auto-X™ RFQ for Tax-Exempt Munis is a parameter-based
automated trading solution for buy-side clients looking to
source liquidity through bid-wanteds and optimize trading.
With Auto-X RFQ you will engage with a low to no touch
execution solution on MarketAxess. We are providing clients
with a simplistic way to obtain efficiency while leveraging your
direct counterparties in anonymous all-to-all workflow for best
execution. Optimize your selling execution workflow today.
5,000
10,000
15,000
20,000
25,000
30,000
35,000
550,000
-
1,100,000
1,650,000
2,200,000
2,750,000
3,300,000
T R A D E CO U N T
T R A D E VO LUME ( $ 0 0 0 ’ S )
2022 Q4
2023 Q1
2023 Q2
2023 Q3
2023 Q4
2024 Q1
2024 Q2
2024 Q3
2024 Q4
Trade Volume Trade Count
Auto-X Volume and Count
01
$5.1B
TRADED IN
2024 USING
AUTO-X RFQ
26%
OF TOTAL TRADE
COUNT USING
AUTO-X RFQ
21%
OF TOTAL TRADE
VOLUME USING
AUTO-X RFQ
2
TOGGLE THE
AUTO-X FUNCTION
TO ON OR OFF
3
AUTO-X NONE
OR AUTO-X ALL
OPTIONS
5
EXECUTE OR
PASS ON ANY
REMAINING ITEMS
4
VIEW AUTO-X STATUS
OF AN INDIVIDUAL
LINE ITEM
1
SET EXECUTION
PREFERENCES
AND INTERNAL
LIMIT LEVEL
Automation user preferences
Features and benefits
Individual traders can set criteria-based parameters to
provide flexibility and control. The parameters need to
be defined for automatic execution including maximum
size, minimum number of responses, and a limit level.
Define and control execution parameters
Automatic execution of trades driven by the level
entered by traders with the option to use a variance
Execute up to 200-line items per list
Enhance your Auto-X trading by
using CP+™ for Munis as your level variance
02
NEW FEATURE
TOGGLE THE
AUTO-X FUNCTION
TO ON OR OFF
3
AUTO-X NONE
OR AUTO-X ALL
OPTIONS
5
EXECUTE OR
PASS ON ANY
REMAINING ITEMS
4
VIEW AUTO-X STATUS
OF AN INDIVIDUAL
LINE ITEM
1
SET EXECUTION
PREFERENCES
AND INTERNAL
LIMIT LEVEL
Automation user preferences
Features and benefits
Individual traders can set criteria-based parameters to
provide flexibility and control. The parameters need to
be defined for automatic execution including maximum
size, minimum number of responses, and a limit level.
Define and control execution parameters
Automatic execution of trades driven by the level
entered by traders with the option to use a variance
Execute up to 200-line items per list
Enhance your Auto-X trading by
using CP+™ for Munis as your level variance
02
NEW FEATURE
