ICE Bonds, a division of Intercontinental Exchange, and fixed-income electronic trading platform operator MarketAxess Holdings Inc., are collaborating to integrate their liquidity networks. The partnership aims to boost efficiency and access to deeper liquidity in the fixed income markets, for the benefit of both the institutional and wealth management sectors.
The integration, establishing connectivity between ICE Bonds’ automated trading system, ICE TMC, and MarketAxess’ Open Trading network, is designed to expand the reach and depth of liquidity pools for each company’s global user bases, promoting enhanced price transparency and best execution. By combining ICE Bonds’ strength in retail brokerage and wealth management with MarketAxess’ dominance in institutional trading, the collaboration seeks to improve overall market liquidity and trading outcomes for all participants.
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