NEWS UPDATE
FIXED INCOME
ICE Bonds and MarketAxess connect liquidity networks to bolster bond market efficiency
New development plans to connect the two firms ’ respective liquidity pools and protocols , offering deeper liquidity in fixed income markets .
Intercontinental Exchange ’ s ICE Bonds and MarketAxess have unveiled plans to connect their respective liquidity networks in a bid to improve efficiency and access to deeper liquidity in fixed income markets .
The two firms plan to establish connectivity to their respective protocols and liquidity pools , with the move set to enable ICE Bonds ’ automated trading system ( ATS ), ICE TMC , and MarketAxess ’ Open Trading network to communicate with each other directly , enhancing depth and reach for users globally .
“ This collaboration connects two mature liquidity networks in fixed income markets to offer new trading and risk management solutions for clients ,” said Pete Borstelmann , president of ICE Bonds .
“ By combining our complementary strengths , we aim to offer users expanded opportunities to access liquidity in corporate and municipal bonds , enhancing market efficiency and benefiting participants across both platforms .”
The interaction between these two liquidity pools aims to bolster price transparency , best execution and overall market liquidity for all users , through leveraging ICE Bonds ’ retail brokerage and wealth management presence and MarketAxess ’ institutional trading expertise .
TECHNOLOGY
StoneX unveils new platform to increase efficacy of loan market
The offering , named StoneX LoanMatch , is aimed at the loan market and provides increased transparency and liquidity , as well as lower transaction costs .
StoneX has launched a new platform – StoneX LoanMatch – aimed at increasing the efficacy of the loan market .
Specifically , the offering will provide increased transparency and liquidity , as well as lower transaction costs .
“ Over the past decade , the loan market has seen rapid growth , but liquidity has not kept pace . StoneX LoanMatch will address this gap by providing a platform that facilitates client-to-client liquidity , enabling lenders to manage their portfolios more proactively ,” said the firm . Institutional clients and banks will be able to access liquidity efficiently and securely through participating in open matching sessions , buying and selling orders at a specified midprice – set by StoneX .
The platform ’ s key features include : access to a large pool of liquidity , conflict-free trading , transparent costs , market transparency , accurate pricing and ‘ efficient ’ settlement .
In addition , users are ensured anonymity when it comes to trade direction and amount until execution . Post-trade , only StoneX , acting as the principal , will know the client ’ s identity .
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