NEW
YORK, Oct. 31, 2024 /PRNewswire/ -- S&P
Global Market Intelligence (SPGMI), a leading provider of
information services and solutions to the global markets, and
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading
electronic trading platform for fixed-income securities, today
announced a strategic data partnership that will result in
increased transparency and efficiency for the fixed-income
markets.
Core to the partnership will be the integration of S&P
Global Bond Reference Data into the MarketAxess suite of data
products, and the inclusion of MarketAxess CP+™ real-time
pricing into S&P Global's Evaluated Bond Pricing.
MarketAxess CP+ is a real-time bond pricing source for Global
Credit, Rates and Emerging Markets powered by AI and proprietary
data, including the company's global fixed-income trading platform
and TraX® data. With two-sided prices delivered every 15 to 60
seconds, clients rely on MarketAxess CP+ for price discovery,
transaction cost analysis, and automated trading strategies.
Combining S&P Global's Evaluated Bond Pricing of over 1.2
million Corporate, Sovereign and Municipal bonds with
MarketAxess CP+ is expected to result in more consistent pricing
and greater efficiencies across the trade lifecycle including
front, middle and back-office functions.
"We are excited about this collaboration as it connects a
market-leading institutional trading platform with a leading data
provider, bringing transparency and consistency in data used across
the different functions of our customers, said Laura Misher, Vice President at S&P Global
Market Intelligence. "Additionally, our combined expertise will
allow us to develop solutions that will address customer challenges
across the trade lifecycle."
"Incorporating CP+ into S&P Global Evaluated
Bond Pricing service will enable our firms to close the gaps
between best execution, intraday trading decisions and end-of-day
valuation," said Kat Sweeney, Global Head of Data and ETF
Solutions at MarketAxess. "We are thrilled to be working
with S&P Global Market Intelligence, an innovator across the
entire fixed-income ecosystem, to further our common goal of
bringing more transparency to the fixed-income cash and ETF
markets."
The data integration is expected to start in the first half of
2025 and will also enable the two companies to differentiate their
existing product offerings and innovate new solutions.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the
importance of accurate, deep and insightful information. Our team
of experts delivers unrivaled insights and leading data and
technology solutions, partnering with customers to expand their
perspective, operate with confidence, and make decisions with
conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
About MarketAxess
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading
platform that delivers greater trading efficiency, a diversified
pool of liquidity and significant cost savings to institutional
investors and broker-dealers across the global fixed-income
markets. Over 2,000 firms leverage MarketAxess' patented technology
to efficiently trade fixed-income securities. MarketAxess'
award-winning Open Trading ® marketplace is widely regarded as the
preferred all-to-all trading solution in the global credit markets.
Founded in 2000, MarketAxess connects a robust network of market
participants through an advanced full trading lifecycle solution
that includes automated trading solutions, intelligent data and
index products and a range of post-trade services. Learn more at
www.marketaxess.com and on X @MarketAxess.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements,
including statements within the meaning of the "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995 with respect to consistency, efficiencies,
product development, expected start dates, innovation and product
differentiation. These and other statements that relate to future
results and events are based on MarketAxess' current expectations.
Many factors could cause actual future events to differ materially
from the forward-looking statements in this press release. Please
refer to the periodic filings MarketAxess makes with the Securities
and Exchange Commission. These filings identify and address other
important risks and uncertainties that could cause events and
results to differ materially from those contained in the
forward-looking statements set forth in this press release. The
Company undertakes no obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise. More information about these and other factors
affecting MarketAxess' business and prospects is contained in
MarketAxess' periodic filings with the Securities and Exchange
Commission and can be accessed at www.marketaxess.com.
Media Contacts:
Sabrina Mayeen for S&P Global
P. +44 (0)20 7176 0495
E. sabrina.mayeen@spglobal.commailto:Amanda.Oey@spglobal.com
Marisha Mistry for
MarketAxess
P. +1 917 267
1232
E. mmistry@marketaxess.com
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SOURCE S&P Global Market Intelligence
