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

MarketAxess Develops Portfolio Trading Solution to Automate Workload

Subscribe to our newsletter

MarketAxess, operator of an electronic trading platform for fixed income securities and provider of market data and post-trade services for global fixed income markets, is developing a platform designed to reduce the manual workload of portfolio trades and improve competitive pricing.

As a result of feedback from clients performing portfolio trades, an uptick in portfolio trading across the fixed income market, and growth in fixed income ETFs, MarketAxess plans to launch a portfolio trading solution in the autumn of 2019. Feedback stated that portfolio trades were based on spreadsheets, then emailed to appropriate parties, a predominantly manual process.

John Keller, ETF product manager at MarketAxess, says: “Right now, the way portfolio trades are happening is that they’re generally on spreadsheets that are built by traders at asset management firms and are then emailed to one or more broker dealer requesting prices back on the entire portfolio. If they’re sent to more than one dealer, as the responses come in, they’re copied and pasted from individual spreadsheets to a master spreadsheet with price and spread comparisons. If any line items are countered, spreadsheets are emailed back again, so it’s a very manual process.”

The company’s portfolio trading platform will automate manual processes, which will increase speed and reduce potential for error. In terms of competitive pricing, the platform will enable clients to show their portfolios to more than one counterparty. The nature of time-consuming manual processes means clients are often limited in the number of counterparties with which they can share spreadsheets.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes

In Partnership With Date: 20 May 2024 Time: 11am London / 1pm Egypt & Saudi Arabia / 2pm United Arab Emirates / 6am CET Duration: 50 minutes As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt, United...

BLOG

Genesis Global Unveils AI-Driven Data Services for Enhanced Bond Market Analysis

Genesis Global, the low-code application development framework provider, has introduced new AI-driven data services for the bond market within its platform, aiming to streamline how asset managers locate and trade primary bond issues. “Firms often face complexities in tracking new issues due to the varied channels syndicating banks use for disseminating deal terms and information,”...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

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...