Business
MarketAxess Launches Suite of U.S. Investment Grade Indexes
Proprietary fixed income trading data and transaction cost metrics provide critical tools for index and portfolio designNEW YORK, April 15, 2019 (GLOBE
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"Proprietary fixed income trading data and transaction cost metrics provide critical tools for index and portfolio designNEW YORK, April 15, 2019 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq:MKTX), 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, today launched a suite of market and trading performance indexes for the U.S. Investment Grade credit market. The suite of indexes offers new insights into credit market pricing, liquidity and trading costs, which can be used to enhance the trading performance of a portfolio that tracks an index or underlies an ETF.Each index is based on a universe of securities derived from the award-winning Composite+™ (CP+) algorithmic pricing engine. CP+ leverages a universe of over 24,000 bonds from the public FINRA Trade Reporting and Compliance Engine (TRACE) and proprietary data from the MarketAxess trading platform and Trax®. This unique mix of transacted data from multiple sources means the MarketAxess U.S. Investment Grade Indexes offer a unique view of the market when selecting a portfolio of bonds or creating an index.The MarketAxess U.S. Investment Grade Market Indexes are updated daily, and provide measures in price, spread, yield and bid-ask terms.MarketAxess U.S. Investment Grade Price IndexMarketAxess U.S. Investment Grade Spread IndexMarketAxess U.S. Investment Grade Yield IndexMarketAxess U.S. Investment Grade Bid-Ask (bps) IndexMarketAxess U.S. Investment Grade Bid-Ask ($) IndexChris Concannon, President and Chief Operating Officer with MarketAxess, commented, \"Our proprietary, award-winning data allows index providers and portfolio managers to select and optimize their portfolios with instruments that are more liquid and statistically trade at lower trading costs. In the case of fixed income ETFs, we believe our data and analytical tools will create ETF products that can trade more efficiently and can achieve lower trading costs.\"In addition, available publicly for the first time, the MarketAxess U.S. Investment Grade Trading Performance Indexes will offer a view of the relative \"over-performance\" or \"under-performance\" associated with venue selection.MarketAxess U.S. Investment Grade TRACE Trading Performance IndexMarketAxess U.S. Investment ...