Systematic Hedge Funds
Access credit markets as efficiently as other asset classes.
Generate clear signals with our abundance of high-quality data. Use our sophisticated trading protocols and all-to-all trading platform, Open Trading®, to expand your execution possibilities. Connect to some of the broadest and deepest datasets in the fixed income universe with simple to use APIs.
Get everything you need to research, build, deploy and benchmark your strategies in one place.
Tradability: Predicting market liquidity
Our AI-powered Tradability score predicts bond liquidity in real-time—forecasting how many dealers will respond to your RFQ throughout the trading day.
Market players
Active # of Hedge Funds on the platform
Enhance your data toolbox
CP+™
AI-powered price discovery. Get coverage of 90-95% of global market trading (including voice trades) and access over 30 million prices daily.
Learn moreAxess All
The first intra-day trade tape for the European fixed income markets that publishes real-time market data on more than 3,000 bonds per day and covers approximately 75% of European credit market activity.
Learn moreTrax® Volume and Trax Pricing
Coverage of exchange traded and OTC securities in primary and secondary markets to help you identify liquidity and ascertain reliable end-of-day prices.
Learn moreRelative liquidity score
Provides an intuitive measure of liquidity for individual bonds Enables you to specify trade sizes and levels for automated trading.
TRACE
Real-time and historic data from FINRA.
TRACE Context
Exclusive trading enrichment data to the TRACE data feed for trades completed both on and off the MarketAxess trading platform for greater control over your trading strategy.
Open Trading
Our global all-to-all marketplace
Open Trading offers systematic investors the ability to trade anonymously with an unprecedented range of counterparties, while reducing transaction costs. By connecting dealer to investor and investor to dealer you can access liquidity directly. Your systematic strategies can source or offload assets to capture or defend alpha in this cutting-edge market structure.
Live Markets
Live order book for active and new corporate bonds
Live Markets is the next phase of innovation for our revolutionary all-to-all Open Trading marketplace. Complementing our existing RFQ trading functionality, Live Markets offers a dynamic solution for streaming execution on liquid, recently issued paper and actively traded story names.
Automation
Designed with traders in mind, powered by industry-leading data.
Our automatic execution suite is designed to increase efficiency and reduce execution cost.
You set the criteria and our automation takes care of the rest. Auto-X™ streamlines RFQ automation with intelligent adaptability to market conditions, while Adaptive Auto-X leverages AI-driven analytics and smart order routing across multiple protocols to optimize execution based on your objectives.
Record $303.7bn in Auto-X volume for 2023
Record $1.8mm in Auto-X trades completed YoY
Record 22.8% of total MKTX trades were auto-executed in 2023 YoY
Seamless connectivity APIs
Increase your actionable intelligence with access to a wide array of data sets via our wide range of APIs.
STP/PTM Session
Stage RFQ orders and receive post-trade execution reports
Trading API
Submit RFQs and receive quotes to hit, lift, counter, and pass on quotes via FIX
Open Trading API
Receive, post axes and respond to IOIs for items on our anonymous trading community
Latest thought leadership
As interest rates rise, hedge funds are emerging as new bastions of liquidity, seeking forward-thinking trading and data solutions. Often at the vanguard of new trading protocols, hedge funds are rapidly adopting our Live Markets protocol to stay ahead.
