MarketAxess Holdings, the operator of a leading electronic trading platform for fixed-income securities, today announced that it has enhanced its award-winning Emerging Markets (EM) trading product with the launch of Open Trading for local currency bonds. The first tranche of local currency markets to be supported are Poland (PLN), Czech Republic (CZK), Hungary (HUF) and South Africa (ZAR).
The launch of Open Trading for EM local currency bonds represents a key addition to MarketAxess’ end-to-end global EM offering. It connects local onshore dealers with a network of international buyside clients, significantly deepening the available liquidity pool. Clients and dealers are able to trade on an all-to-all basis. In the first half of 2023, EM local currency bonds constituted over 40% of MarketAxess global EM volumes of $360B.
“As a global leader in Emerging Markets debt trading, expanding Open Trading across our 28 local markets is something our clients around the world have been asking us for,” said Christophe Roupie, Head of EMEA and APAC at MarketAxess. “Expanding Open Trading in these four new local markets is only the first step, and we hope to expand the model further to more local currencies in the first half of next year.”
Launched in 2012, MarketAxess’ Open Trading is the leading all-to-all trading environment for corporate bonds. Open Trading drives meaningful and measurable price improvement for clients by creating a global, diversified pool of liquidity where institutional investor clients, dealer clients and alternative liquidity providers can all interact on either on a disclosed or an anonymous basis.
Source: MarketAxess
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
More countries are set to join leading emerging market indices in 2026.
-
This is the first step in the broader strategy to make DTC-custodied assets available onchain.
-
The white paper marks the first step to support more reliable and effective pre-trade transparency.
-
Proposed order would expand CME-FICC cross-margining to customers.
-
Settling government bonds in a T2S environment reduces operational risk and increases efficiency.