Technology partners

Broadway Technology Partners with MarketAxess for US Treasury Trading Integration

Broadway Technology has extended its partnership with MarketAxess to build and support a US Treasury Request for Quote (RFQ) workflow feature in the latter’s US Treasury Bill Market.

Workflow functionality is currently live and available to all joint customers.

This latest integration builds on the existing MarketAxess Live Markets Rates partnership and will now include RFQ – allowing mutual reseller customers to fulfill MarketAxess customer UST requests.

“With this new integration with MarketAxess, Broadway clients can now benefit from a connection to one of the deepest pools of liquidity and a network of more than 1,900 companies around the world.”

MarketAxess’ trading ecosystem connects primary and regional traders, professional trading firms, and buying clients to trade in- and out-of-run US Treasuries.

The ecosystem also combines credit and rates trading capabilities into a single solution, which provides investor and broker clients with increased flexibility in trading in the fixed income landscape.

“Broadway continues to invest in providing our clients with the most comprehensive functionality they need to power their fixed income trading operations and gain a competitive advantage,” said Bruce Boytim, COO of Broadway.

“With this new integration with MarketAxess, Broadway clients can now benefit from a connection to one of the deepest pools of liquidity and a network of more than 1,900 companies around the world.”

This move by MarketAxess follows the announcement of a strategic collaboration with MSCI earlier this year. The two companies have partnered to create portfolio analytics solutions and co-branded bond indices, using liquidity data from MarketAxess.