MarketAxess Advances Credit Market Electrification with Block Trading Solutions

MarketAxess, a leading electronic fixed income trading platform operator, is driving the next phase of credit market electrification through its innovative block trading solutions. Gareth Coltman, global head of trading automation, emphasized the firm's focus on enhancing liquidity discovery with AI-powered counterparty selection tools and consolidated data workflows.

The platform reported surging adoption of its targeted block trading features, with U.S. credit volumes rising 41% YoY in May, while emerging markets and eurobonds saw increases of 24% and 116% respectively. Since their late 2024 launch, these solutions have facilitated $2bn in emerging markets and $3.8bn in eurobond trades.

Coltman noted the solution's dataset-driven approach helps institutional clients optimize execution strategies. "We're continuously innovating our block trading architecture," he stated, signaling upcoming feature expansions to meet evolving client needs in electronic credit markets.