PRODUCT SHEET
Contact your sales representative or Client Services
in your region for more information
NEW YORK
+1 877 638 0037
info@marketaxessfinance.com
LONDON
+44 74 6608 2727
info@marketaxessfinance.com
SÃO PAULO
+55 11 3080 8400
info@marketaxessfinance.com
SINGAPORE
+65 6916 1300
info@marketaxessfinance.com
©2024 MarketAxess Holding Inc. (the "Company"). MarketAxess Corporation is a member of FINRA and SIPC. MarketAxess Canada Company is a member of the New SRO. MarketAxess is a trading name of
the aforementioned entities. To the fullest extent permitted by applicable law, all warranties and representations are disclaimed. All information presented herein is considered to be accurate at the time
of writing, provided "as is" with no express or implied representations or warranties—including without limitation in relation to fitness for purpose, accuracy, or completeness of contents. Whilst sources
of information are believed to be reliable, MarketAxess does not independently verify information obtained from third party sources. Any information presented is not intended to represent an offer or
solicitation of any financial instrument. This information is for institutional investor use only, does not constitute investment advice and may not be redistributed without the prior written consent of the
Company or its subsidiaries. Under no circumstances may this information be distributed to retail investors. Proprietary and confidential information of the Company—all forms of copying prohibited.
Further information on MarketAxess can be found on our website at marketaxess.com.
Relative Liquidity Score
High-quality pre-trade bond liquidity analysis
The MarketAxess Relative Liquidity Score provides a defined measurement
of the current liquidity for individual bonds, and highlights the potential
ease that a trader can expect to transact in that instrument.
Available for Euro, Sterling and Dollar-denominated bond markets, our
scoring method covers nearly 36,000 bonds daily, with scores ranging from
10—meaning, the highest level of liquidity—down to 1.
We calculate our Relative Liquidity Score using a range of data sources:
• TRACE (USD, EM)
• Trax (EUR, GBP, EM) products, including trade count and volumes,
average trade size, and turnover
• MarketAxess trading platform activity
You can access Relative Liquidity Scores in multiple ways:
• On the MarketAxess trading platform via the Price Discovery window.
• Using our web-based BondTicker™ product.
• As a daily data file.
FEATURES AND BENEFITS
• Provides unmatched detail on current
liquidity for individual bonds.
• Highlights the potential ease a trader
can expect to transact.
• 10 to 1 rating score (10 being highest
level of liquidity) provides a
consistent, well defined, and easy to
understand measurement for
decision-making.
MARKET
COVERAGE
# of
Securities
Investment Grade 13,600
High Yield 3,400
Euro Corps 9,300
GBP Corps 1,700
EM Hard Currency ($)
Asia Corps 1,900
Asia Sovs 170
EMEA Corps 300
EMEA Sovs 200
LATAM Corps 1000
LATAM Sovs 250
MENA 500
EM Hard Currency (€) 450
EUR SAS 900
US SAS 450
GBP SAS 200
EGB and Gilts 800
CHF Corps and Sovs 950
US FRN 450
Market # of
Securities
Investment Grade 12,900
High Yield 3,600
Euro Corps 7,900
GBP Corps 1,800
Euro SAS 780
EM Hard Currency ($)
Asia Corps 2,100
Asia Sovs 170
Contact your sales representative or Client Services
in your region for more information
NEW YORK
+1 877 638 0037
info@marketaxessfinance.com
LONDON
+44 74 6608 2727
info@marketaxessfinance.com
SÃO PAULO
+55 11 3080 8400
info@marketaxessfinance.com
SINGAPORE
+65 6916 1300
info@marketaxessfinance.com
©2024 MarketAxess Holding Inc. (the "Company"). MarketAxess Corporation is a member of FINRA and SIPC. MarketAxess Canada Company is a member of the New SRO. MarketAxess is a trading name of
the aforementioned entities. To the fullest extent permitted by applicable law, all warranties and representations are disclaimed. All information presented herein is considered to be accurate at the time
of writing, provided "as is" with no express or implied representations or warranties—including without limitation in relation to fitness for purpose, accuracy, or completeness of contents. Whilst sources
of information are believed to be reliable, MarketAxess does not independently verify information obtained from third party sources. Any information presented is not intended to represent an offer or
solicitation of any financial instrument. This information is for institutional investor use only, does not constitute investment advice and may not be redistributed without the prior written consent of the
Company or its subsidiaries. Under no circumstances may this information be distributed to retail investors. Proprietary and confidential information of the Company—all forms of copying prohibited.
Further information on MarketAxess can be found on our website at marketaxess.com.
Relative Liquidity Score
High-quality pre-trade bond liquidity analysis
The MarketAxess Relative Liquidity Score provides a defined measurement
of the current liquidity for individual bonds, and highlights the potential
ease that a trader can expect to transact in that instrument.
Available for Euro, Sterling and Dollar-denominated bond markets, our
scoring method covers nearly 36,000 bonds daily, with scores ranging from
10—meaning, the highest level of liquidity—down to 1.
We calculate our Relative Liquidity Score using a range of data sources:
• TRACE (USD, EM)
• Trax (EUR, GBP, EM) products, including trade count and volumes,
average trade size, and turnover
• MarketAxess trading platform activity
You can access Relative Liquidity Scores in multiple ways:
• On the MarketAxess trading platform via the Price Discovery window.
• Using our web-based BondTicker™ product.
• As a daily data file.
FEATURES AND BENEFITS
• Provides unmatched detail on current
liquidity for individual bonds.
• Highlights the potential ease a trader
can expect to transact.
• 10 to 1 rating score (10 being highest
level of liquidity) provides a
consistent, well defined, and easy to
understand measurement for
decision-making.
MARKET
COVERAGE
# of
Securities
Investment Grade 13,600
High Yield 3,400
Euro Corps 9,300
GBP Corps 1,700
EM Hard Currency ($)
Asia Corps 1,900
Asia Sovs 170
EMEA Corps 300
EMEA Sovs 200
LATAM Corps 1000
LATAM Sovs 250
MENA 500
EM Hard Currency (€) 450
EUR SAS 900
US SAS 450
GBP SAS 200
EGB and Gilts 800
CHF Corps and Sovs 950
US FRN 450
Market # of
Securities
Investment Grade 12,900
High Yield 3,600
Euro Corps 7,900
GBP Corps 1,800
Euro SAS 780
EM Hard Currency ($)
Asia Corps 2,100
Asia Sovs 170
