MarketAxess extends global fixed income trading network to China鈥檚 Bond Market
27 September 2021 US
Image: Blue_Planet_Studio/stock.adobe.com
MarketAxess has announced the launch of a new trading channel for its global investors to access China鈥檚 Interbank Bond Market (CIBM).
The firm鈥檚 clients will be able to trade directly with onshore market makers using its trading protocols Request-for-Quote (RFQ) and list trading functionality.
The channel can be accessed via the connection between the China foreign exchange trade system (CFETS) and MarketAxess Holdings, under the Bond Connect and CIBM Direct schemes.
Zhang Yi, president of CFETS, says: 鈥淐FETS has been committed to facilitating global investors to invest in the interbank bond market, while providing better services through closer collaboration with global trading platforms.
鈥淥ur partnership with MarketAxess can now provide overseas investors with new access to the mainland bond market. In the future, both parties shall explore more opportunities to further promote the opening-up of China's Interbank Bond Market.鈥�
Julien Martin, general manager of Bond Connect Company, adds: 鈥淲e are optimistic that this will further promote enhanced liquidity alongside increasing international participation in the China interbank bond market. We are witnessing higher demand for credit assets among foreign investors, and we believe MarketAxess will add value in the space.鈥�
The firm鈥檚 clients will be able to trade directly with onshore market makers using its trading protocols Request-for-Quote (RFQ) and list trading functionality.
The channel can be accessed via the connection between the China foreign exchange trade system (CFETS) and MarketAxess Holdings, under the Bond Connect and CIBM Direct schemes.
Zhang Yi, president of CFETS, says: 鈥淐FETS has been committed to facilitating global investors to invest in the interbank bond market, while providing better services through closer collaboration with global trading platforms.
鈥淥ur partnership with MarketAxess can now provide overseas investors with new access to the mainland bond market. In the future, both parties shall explore more opportunities to further promote the opening-up of China's Interbank Bond Market.鈥�
Julien Martin, general manager of Bond Connect Company, adds: 鈥淲e are optimistic that this will further promote enhanced liquidity alongside increasing international participation in the China interbank bond market. We are witnessing higher demand for credit assets among foreign investors, and we believe MarketAxess will add value in the space.鈥�
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