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Financial markets

MarketAxess Expands Emerging Markets Offering with Indian Government Bond Trading Solution

Strategic Insights

— 1 min read

MarketAxess, a leading electronic trading platform for fixed-income securities, has launched a fully electronic trading solution for Indian Government Bonds (IGBs) for Foreign Portfolio Investors (FPIs). This new solution enables FPIs and market makers to trade IGBs electronically, increasing efficiency throughout the entire trade lifecycle. The platform has already integrated directly with the NDS-OM system operated by the Clearing Corporation of India Limited, providing a seamless trading experience.

Key Takeaways:

  • MarketAxess has launched a fully electronic trading solution for Indian Government Bonds (IGBs) for Foreign Portfolio Investors (FPIs), expanding its Emerging Markets offering.
  • The new solution provides FPIs and market makers with an enhanced trading experience throughout the entire trade lifecycle, integrating directly with the NDS-OM system operated by the Clearing Corporation of India Limited.
  • In 2024, MarketAxess reported annual trading volumes of nearly $860 billion for its Emerging Markets business.
  • MarketAxess has been recognized as the 'Best Secondary Market Trading Platform for Emerging Market Bonds' by GlobalCapital for the past two years.
  • Riad Chowdhury, Head of Asia-Pacific at MarketAxess, emphasized that the platform's expansion into the Indian market is a testament to its commitment to supporting both emerging markets and international investment.
  • MarketAxess' trading platform has approximately 2,100 firm users and handles fixed-income securities trading globally.

Statistics:

  • MarketAxess reported annual trading volumes of nearly $860 billion for its Emerging Markets business in 2024.
  • The company has been recognized as the 'Best Secondary Market Trading Platform for Emerging Market Bonds' by GlobalCapital for the past two years.
  • MarketAxess operates a global fixed-income markets electronic trading platform with approximately 2,100 firm users.

Sources:

  • Market Axess Holdings Inc. (Nasdaq: MKTX) press release
  • BusinessWire (2025-06-16)
  • Market Axess website (marketaxess.com)
  • GlobalCapital (recognition as 'Best Secondary Market Trading Platform for Emerging Market Bonds')
  • Nasdaq: MKTX (MarketAxess Holdings Inc.)

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