Since its launch in 2000, MarketAxess has come a long way to becoming the pioneer in the electronic trading of US corporate bonds, providing financial services to institutional investors and broker-dealers. This article will highlight the company’s foundation, locations, services, and more.
Overview
Here is the basic information on MarketAxess:
Overview MarketAxess
| Foundation Year: | 2000 |
| Headquarters: | New York City, United States |
| Industry: | Financial Services |
| Services: | Trading solutions, market data products, pre-and post-trade services |
| Official Website: | https://www.marketaxess.com |
Foundation
Lab Morgan initially backed Richard McVey’s idea for the trading platform as part of JP Morgan’s incubator project in 1999. Instead, it launched as an independent venture in 2000.
With its rapidly growing success, MarketAxess acquired TradingEdge the following year.
The company went public in 2004, establishing many fruitful acquisitions and partnerships, such as allying with BlackRock’s Aladdin Trading Network. Later entering into a joint venture together.
Locations
The headquarters of MarketAxess is situated in New York, United States. There are multiple offices in the United States:
- Boston
- Chicago
- Los Angeles
- Miami
- San Francisco
After the expansion into South America, Europe, and Asia, the offices mentioned below have been opened:
- São Paulo, Brazil
- London, United Kingdom
- Amsterdam, Netherlands
- Hong Kong, Hong Kong
- Singapore, Singapore
Services
The international electronic trading company provides market data, post-trade services, and automated trading solutions using Open Trading™, an all-to-all trading marketplace. Enabling institutional investors and dealers to trade credit instruments such as corporate bonds, municipal bonds, and other fixed-income products.
It operates as a liquidity pool for institutional credit market participants.
About 20% of all corporate bond trading volume in the United States is performed electronically through the MarketAxess platform.
So, it is no surprise that the company’s net worth as of May 27, 2022, is $10.78 Billion.
Structure
After forming a successful union in 2013, MarketAxess and BlackRock allied again in 2015 to expand Open Trading™ into European credit. Finally, entering a joint venture together in 2017 to expand Open Trading™ in Asian credit.
Two years later, also joining the New York headquarters office is LiquidityEdge.
MarketAxess provides its Board of Directors and Management with a framework outline for controlling the company. A Code of Conduct guides this to uphold the highest ethical business practices and represent the company’s commitment to its shareholders, employees, and community.
As of 31 December 2021, the company has 676 employees.
Below is a list of the Management Team, including their names and position.
Customer Support
As the company is an international company, there are multiple ways of contact, also depending on your location. This can be by phone or email.
For North and South America:
CLIENT SERVICES
Phone: +1 877 638 0037
Email: uscs@marketaxess.com
New York HEADQUARTERS
55 Hudson Yards Floor 15
New York, NY 10001
T +1 212 813 6000
F +1 212 813 6390
SÃO PAULO
Av. Pres. Juscelino Kubitschek
1455-4 andar – sala429 – Vila Olímpia
São Paulo – SP 03178-200 Brazil
T +55 11 3080 84000
