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

MDX Technology License Helps MarketAxess Users Get Liquidity

Subscribe to our newsletter

Real-time data distribution solution provider MDX Technology’s addition of MarketAxess as a provider of market data through its platform will help users attract liquidity from buy-side clients, according to Paul Watmough, CEO of MDX Technology (MDXT).

“We can, from the same secure channels and mechanisms, attract liquidity back on to [MarketAxess] trading platform, so we can hook into the trading platform API and post axes [indications of interest] back on to the trading platform,” says Watmough.

The MDXT data distribution platform, in turn, improves upon MarketAxess capabilities, making it easier for its users to subscribe to data sets and have that data delivered in real-time to Excel for analytics. MDXT is licensing its software to MarketAxess for its clients.

“While we set out with the objective of distributing data and making money from data, what’s transpired and was most interesting to MarketAxess is onboarding of access,” says Watmough. “An axe turns into a transaction which turns into profit.”

MDXT’s distribution of MarketAxess data is already live. MarketAxess serves about 1,200 firms, including about 1,100 buy-side firms and about 100 sell-side firms, including major tier 1 sell-side firms. The professionals using MarketAxess data include sell-side traders and buy-side asset managers, analysts and quants.

The next phase of MDXT’s collaboration with MarketAxess is delivery of data through an application programming interface for application developers. MDXT’s API is “more generic,” says Watmough, which offers more flexibility. Mobile app visualisation capability is also being considered, according to Watmough.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

BMLL Frees Quants from Data Prep with New Trades Plus Offering

Data and analytics provider BMLL has launched Trades Plus, a new equities dataset designed to eliminate the complex and time-consuming process of combining trade and quote data, a significant and resource-intensive challenge for quantitative analysts and trading firms. The new offering, developed in direct response to requests from its Client Product Advisory Board (CPAB), provides...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...