Broadway Technology Announces U.S. Treasury Trading Integration with MarketAxess®

Rhea-AI Summary

Broadway has partnered with MarketAxess Holdings (NASDAQ: MKTX) to enhance their U.S. Treasury Request for Quote (RFQ) workflow feature within the MarketAxess treasuries marketplace. This integration, now live, allows dealers to respond to UST inquiries from MarketAxess clients, improving trading capabilities across fixed-income markets. Broadway aims to provide comprehensive solutions for its clients, connecting them to a broad liquidity network of over 1,900 firms globally.

Positive

• Integration with MarketAxess enhances UST trading capabilities.
• New RFQ feature improves market liquidity for clients.
• Broadway connects clients to over 1,900 firms globally.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Broadway, a leading provider of high-performance front-office solutions, today announced it has partnered with MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, to build and support a U.S. Treasury Request for Quote (RFQ) workflow feature in the MarketAxess U.S. Treasuries marketplace. The feature is currently live and available to all joint customers.

The new integration builds on the existing MarketAxess Live Markets Rates partnership and now includes RFQ, giving mutual dealer clients the ability to respond to UST inquiries from MarketAxess’ customer base. The MarketAxess trading ecosystem connects a trusted community of primary and regional dealers, professional trading firms and buy-side clients to trade on- and off-the-run U.S. Treasuries. It combines credit and rates trading capabilities into a single solution to give investor and dealer clients greater flexibility in trading across the fixed income universe.

“Broadway continues to invest to bring our clients the most comprehensive functionality they need to power their fixed income trading operations and attain 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 liquidity pools and network of over 1,900 firms around the globe.”

About Broadway

Broadway is a leading provider of high-performance front-office fintech solutions to sell-side and buy-side clients, including more than half of the top 50 banks in the world. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, Chicago, London, Toronto and Hyderabad. To learn more visit www.broadwaytechnology.com

MarketAxess® is a registered trademark of MarketAxess Holdings, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220907005017/en/

Media contact:

Articulate Communications for Broadway

broadway@articulatecomms.com

212-255-1198

Source: Broadway Technology

FAQ

What is the partnership between MarketAxess and Broadway about?

Broadway partnered with MarketAxess to create a U.S. Treasury RFQ workflow feature, enhancing trading capabilities.

What is the stock symbol for MarketAxess?

The stock symbol for MarketAxess is MKTX.

When was the integration between MarketAxess and Broadway announced?

The integration was announced in September 2022.

How does the RFQ feature benefit MarketAxess clients?

The RFQ feature allows mutual dealer clients to respond to UST inquiries, improving trading efficiency.

What markets does MarketAxess cater to?

MarketAxess operates in the fixed-income markets, providing trading and post-trade services.