MarketAxess Expands Asian Footprint with Regulatory Approval in Singapore

MarketAxess Holdings Inc. (NASDAQ:MKTX) just made inroads into one of Asia’s largest financial hubs. MarketAxess Singapore Pte. Limited, the group's subsidiary, has just garnered approval by the Monetary Authority of Singapore (MAS) to operate as a Recognised Market Operator (RMO), greatly helping its growth prospects.

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The approval is a huge boost for MarketAxess as this is one of the largest regions globally. With the need for electronic trading solutions growing at a rapid pace, MarketAxess has strategically placed itself in the region.

Christophe Roupie, Head of Europe and Asia for MarketAxess and Trax, commented: “We are deeply committed to our growing community of buy- and Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term clients across the globe and recognise the unique opportunity in Asia.

The development coincides with Asia’s uptick in active firms, which are meeting the demand for Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term. As an RMO, MarketAxess will be ideally positioned to help the institutional fixed income community. The group already maintains a presence in Singapore and Hong Kong, however this development has greatly bolstered its footprint in the region.

“MarketAxess has a track record of repeated innovation in fixed income products, including our all-to-all Open Trading marketplace. Receiving our RMO approval further demonstrates our commitment to expanding our business in the region and investing in local capabilities. We are looking forward to strengthening our footprint in Asia and demonstrating our abilities to making the markets more efficient and liquid,” reiterated Mr. Roupie.