About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Broadway Technology Partners with MarketAxess to Build US Treasury RFQ Workflow

Subscribe to our newsletter

Front office solutions vendor and fixed income specialists Broadway Technology has partnered with MarketAxess, the fixed income electronic trading platform operator and post-trade service provider, to build and support a Request for Quote (RFQ) workflow feature for the MarketAxess US Treasuries marketplace.

Broadway’s fixed income business was spun off by ION in January 2021 and since then the company has bolstered its leadership team. The partnership with MarketAxess is the latest step in Broadway’s aim to provide its clients with best-of-breed solutions.

“Although RFQ responses have been live on MarketAxess for some time, they wanted to be able to distribute that innovation to the wider marketplace,” says Dan Romanelli, Head of Relationships at Broadway. “And the approach that Broadway has been taking with venues like MarketAxess is to work with them proactively to understand what their goals are and what products and features they’re releasing, to ensure that we align our roadmaps along with them.”

The new RFQ integration builds on Broadway’s existing MarketAxess Live Markets Rates partnership, and enables mutual dealer clients to respond directly to US Treasury enquiries from MarketAxess’ customer base.

“Any partnerships that we enter, we want both sides to have value,” says Romanelli. “In this case, MarketAxess benefits from greater distribution of the US Treasury RFQ capability, and Broadway’s customers benefit because now they can respond to those types of workflows in one of the deepest UST liquidity pools.”

The new feature is currently live and available to all joint Broadway and MarketAxess customers.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Market data in the cloud

Date: 8 December 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Over the past several years, the topic of market data in the cloud has been hotly debated – latency has been an issue, which data to put in the cloud has been discussed, and lines have been drawn. But...

BLOG

LSEG Signs Agreement to Acquire MayStreet

In a further sign of intent to grow its Enterprise Data Solutions business following last year’s acquisition of Refinitiv, London Stock Exchange Group (LSEG) has signed an agreement to acquire MayStreet, a US-based market data solutions vendor, for an undisclosed sum, understood to be in the region of £400 million. MayStreet provides low-latency technology and...

EVENT

RegTech Summit APAC

Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...