NEW YORK and LONDON, Sept. 28, 2020 (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, announced today that Banque de Luxembourg, a leading private banking and wealth management group, has gone live with Axess IQ, its order and execution workflow solution.
Following the successful pilot launch of Axess IQ in November 2019, further enhancements have been made to its trading capabilities by integrating MarketAxess’ Auto-X™ automated trading solution into the Axess IQ workflow. In the second quarter of 2020, automated trading volumes on MarketAxess rose to over $32 billion, up 66% from the year prior. The efficient, low-touch automated execution tools offered by MarketAxess allows firms to quickly complete orders, supported with the confidence of industry-leading market data from the AI-powered Composite+™ pricing engine. Connecting sophisticated