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Article: E-Bonding: Market Axess Buys Trading Edge.
- Article from:
- Securities Industry News
- Article date:
- February 5, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Signaling the nascent momentum of consolidation in the electronic bond market consolidation, dealer-run site Market Axess said it was adding an anonymous trading option to its platform for credit products by acquiring Trading Edge, owner of independent trading platform, BondLink.
The systems will operate separately at first, appearing to Market Axess users as stand-alone options until they are fully integrated into a single application, said executives involved in the deal.
The deal gives Market Axess the ability to offer anonymous trading to its clients via BondLink's technology, and allows BondLink a shot at long-term survival through Market Axess' ...