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Article: Automated TradinG: Market Axess Eyes Least Liquid Sectors of E-Bond Wave.
- Article from:
- Securities Industry News
- Article date:
- June 19, 2000
- Author:
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Market Axess, the soon-to-be-launched Internet platform for trading in fixed-income markets, appears to be following the model of TradeWeb, the successful system for trading U.S. Treasury securities.
Like TradeWeb, Market Axess began operations with a number of heavy-hitter backers-in Market Axess' case, Bear Stearns, Chase Manhattan and J.P. Morgan; the list has since expanded to include ABN Amro, Deutsche Bank Securities and UBS Warburg. Also like TradeWeb, Market Axess will allow institutional users to choose from among a plateful of dealers via one platform, instead of having to contact each dealer individually. Indeed, "single dealer delivery of content and ...