Business
BlackRock and Standard Chartered Execute First Indian Government Bond Trade Electronically via MarketAxess
NEW YORK--(BUSINESS WIRE)-- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities,
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nMarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the successful execution of the first trade on its newly launched, fully electronic trading solution for Indian Government Bonds (IGBs), designed specifically for Foreign Portfolio Investors (FPIs) and market makers.\n\n\nThe inaugural trade was completed between BlackRock and Standard Chartered.\n\n\nJatin Vara, Head of International Trading at BlackRock, said: “We are excited to see access to India’s onshore bond market becoming more efficient and scalable. India offers compelling opportunities for foreign investors, especially in its expanding onshore bond market, where continued inclusion in major global indices is fuelling strong investor interest.”\n\n\n“It’s especially rewarding to see this first trade completed,” said Riad Chowdhury, Head of Asia-Pacific at MarketAxess. “Our solution for India has been purpose-built to meet the specific needs of institutional investors and dealers, and we look forward to increased client adoption in the coming months.”\n\n\nFor more information on the IGB trading solution and its availability, please visit: https://www.marketaxess.com/trade/emerging-markets\n\n\nCautionary Note Regarding Forward-Looking Statements\n\n\nThis press release may contain forward-looking statements, including statements about the outlook and prospects for the Company, market conditions and industry growth, as well as statements about the Company’s future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess’ current expectations. The Company’s actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; the level of trading volume transacted on the MarketAxess platform; the rapidly evolving nature of the electronic financial services industry; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our ability to introduce new fee plans and our clients’ response; our ability to attract clients or adapt our technology and ...