MarketAxess just released a key tool for improving how fixed-income ETFs are built, and it could lead to further automation in the market

MarketAxess, the largest electronic marketplace for US corporate bonds, has created a set of indexes to help find the most liquid bonds across sectors.

The largest electronic marketplace for US corporate bonds just launched a set of tools aimed at helping create fixed-income ETFs that will be easier to trade. Chris Concannon, MarketAxess' president and chief operating officer, told Business Insider the new indexes offer better insight into the most heavily-traded bonds that would be ideal for inclusion in ETFs. The five indexes are updated daily and offer measures on price, spread, yield and bid-ask terms.

, brings a fresh perspective to the space. The former president and COO of Cboe Global Markets, is a veteran of electronic trading, having served as CEO of Bats Global Markets, and also spending time at Nasdaq, trading platform Instinet, and market maker Virtu Financial. Concannon said some of the larger ETF players are already looking at liquidity and volume data when forming their products. However, MarketAxess has a unique insight into how many buy and sell orders are open for a given product, what it's pricing at, and what it will cost to trade, he added.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tradeweb just went public at a $7.5 billion valuation. The company's president told us about the IPO process, electronic markets going mainstream, and what it means to be a public companyTradeweb, which runs electronic markets in bonds, derivatives and ETFs, held its initial public offering on April 4, raising over $1 billion.
Source: BusinessInsider - 🏆 729. / 51 Read more »