Virtu Financial, Inc. and MarketAxess Holdings, Inc., two global leaders in electronic trading, today announced a partnership to provide institutions with enhanced trading tools and access to global exchange-traded funds (ETFs) and fixed income securities. The effort, which includes the distribution of Virtu’s streaming eNAV ETF fair value offering, is expected to launch in the third quarter.
The partnership will provide:
- Global, multi-asset and multi-currency coverage to MarketAxess and Virtu RFQ-hub clients
- Disclosed and anonymous ETF trading via a request-for-quote protocol
- Virtu’s real-time eNAV, a streaming fair value tool for ETFs
- Superior, real-time trade analytics supported by the MarketAxess award-winning Composite+ (CP+) algorithmic pricing tool and Virtu’s comprehensive suite of TCA tools
Virtu Financial is a leading financial technology firm that delivers liquidity to the global markets and innovative, transparent trading solutions to buy-side and sell-side institutions. Virtu recently acquired ITG to create a premier agency execution and broker neutral workflow and analytics franchise. Virtu’s RFQ-hub is a market leader in equity derivatives and structured products and is active in ETFs. MarketAxess is the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets.
“We are pleased to partner with Virtu to deliver institutional investors a new, cost-efficient, secure solution for achieving quality execution in ETFs,” MarketAxess President Chris Concannon said. “ETFs have grown quickly to become an integral feature of the liquidity landscape in global credit markets. Our entry into ETF trading with Virtu is a natural extension of our success with Open Trading™, now established as the preferred all-to-all trading solution in the credit markets.”
“This exciting and complementary partnership combines MarketAxess’s leading fixed-income platform with Virtu’s global multi-asset class and ETF expertise,” said Doug Cifu, Virtu Financial Chief Executive Officer. “Clients of MarketAxess will have access to Virtu’s leading ETF platform RFQ-hub and will benefit from the seamless integration of RFQ-hub’s ETF trading and analytics services. In addition, RFQ-hub will have access to MarketAxess’ leading fixed income platform.”
The arrangement is subject to the parties entering into a binding definitive agreement.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
Active ETFs More Than 50% of All U.S.-Listed ETFs
“The mission of this platform is to help build the next 1,000 Coinbases.”
Brian Foster, Head of Crypto-as-a-Service at Coinbase, speaks with @marketsmedia about the unification and expansion of our infrastructure and markets platform.
The capital markets media outlet @marketsmedia covered Chainlink x ICE today
ICE, Chainlink to Bring FX & Precious Metals Data Onchain
“Marks a significant milestone on the pathway towards the mainstream adoption of onchain finance.”
Markets Media caught up with Kevin Duggan, Senior Managing Director of Beta and Global Trading at OTPP.
Related articles
-
Year-to-date net inflows are $1.09 trillion.
-
Appointment builds on recent acquisition.
-
Clients in Japan and Taiwan will have easy mutual access to each capital market.
-
They combine blue-chip names with monthly income & the power of an ETF structure.
-
They are designed to provide full sector exposure while staying within regulatory limits.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.
