Responding to growing interest in muni market e-trading, MarketAxess’s AI-powered electronic pricing engine CP+ is now available for municipal bonds.
Julien Alexandre, global head of research, commented: “Our models excel at extracting pricing signals from multiple data sources, which is crucial in munis where trading is known to be sporadic.”
CP+ gathers data from public sources and proprietary data from MarketAxess trading platform TraX to provide differentiated pricing data for global credit and rates markets. With this expansion, it will offer real-time data for approximately 930,000 municipal bonds, the firm explained.
Through the expansion, MarketAxess aims to improve transparency and efficiency in the historically fragmented muni market and accelerate e-trading adoption, it said.
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