ICE Bonds and MarketAxess are set to connect their liquidity networks in an effort to improve efficiency and liquidity access in municipal and corporate bond markets for the institutional and wealth management industry.
Through the partnership, ICE Bonds’ automated trading system ICE TMC will be able to communicate with MarketAxess’ Open Trading network. Interactions between the firms’ liquidity pools will enhance price transparency and best execution, the companies say, along with the overall depth and reach of liquidity for global user bases.
Pete Borstelmann, president of ICE Bonds, commented:” This collaboration connects two mature liquidity networks in fixed income markets to offer new trading and risk management solutions for clients. By combining our complementary strengths, we aim to offer users expanded opportunities to access liquidity in corporate and municipal bonds, enhancing market efficiency and benefiting participants across both platforms.”
Rich Schiffman, global head of trading solutions at MarketAxess, added: “We look forward to delivering enhanced value and innovation to our clients through this collaboration.”
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