MarketAxess Holdings Inc., the operator of a leading electronic trading platform for fixed-income securities, announced the launch of the first fully electronic trading solution for Indian Government Bonds (IGBs) for Foreign Portfolio Investors (FPIs).

International investors will, for the first time, be able to trade IGBs electronically alongside 29 other local currency bond markets already available via the MarketAxess trading platform. The new solution will provide both FPIs and market makers with an enhanced trading experience throughout the entire trade lifecycle.

“We’re delighted to be the first platform to be able to bring this new trading capability to international investors. By integrating directly with the NDS-OM system operated by the Clearing Corporation of India Limited, our solution is designed to increase efficiency across the entire trading workflow, from pre-trade allocation to post-trade reporting,” said Riad Chowdhury, Head of Asia-Pacific at MarketAxess. “Global emerging markets are well-positioned for increased innovation and international investment—as evidenced by India’s recent addition to notable global EM indices—and we are excited to support both with this launch.”

In 2024, MarketAxess reported annual trading volumes of nearly $860bn for its Emerging Markets business. MarketAxess has also been recognized as the ‘Best Secondary Market Trading Platform for Emerging Market Bonds’ by Global Capital for the past two years.

For more information on the IGB trading solution and its availability, please visit: https://www.marketaxess.com/trade/emerging-markets

Source: MarketAxess