MarketAxess is the largest electronic bond trading platform in the world. Catering to large institutions, MarketAxess has developed an impressive network of fixed-income buyers and sellers.
As more clients join the platform, buyers are able to get the best possible prices quoted thanks to competing offers, while sellers are simultaneously able to tap into the largest possible pool of buyers. This provides a wonderful network effect which should continue to drive further customer and transaction growth over time. As all classes of bonds (High Grade, High Yield, Emerging market, Eurobonds, Municipal, and US Govt.) become traded increasingly digitally, this puts MarketAxess in the perfect position to benefit.