Rick McVey, Chairman and CEO of MarketAxess, said: “Forthcoming regulatory changes are placing increased scrutiny on transparency of execution in the over-the-counter markets. Electronic trading helps address the stated goals of this regulation – to create more open, transparent and competitive OTC markets – and drive trading efficiencies. REXIQ can deliver insight into the corporate bond market to help fund managers meet fiduciary responsibilities. Our research validates the value of e-trading as a tool in achieving transaction cost savings and improved portfolio returns. Using this methodology, we are providing our institutional investor clients with regular, robust analysis of their execution costs to support their best execution requirements.”Alex Sedgwick, Head of MarketAxess Research, said: “The advent of FINRA’s TRACE reporting combined with greater adoption of electronic trading for fixed-income has allowed us to develop an objective approach to examine trading costs in new and compelling ways. Using this data, MarketAxess Research developed the REXIQ methodology – a credible methodology for demonstrable transaction cost analysis, formalizing the value of fixed-income TCA in support of best execution.”
MarketAxess Develops REXIQTM: A Proprietary Approach To Fixed-Income Transaction Cost Analysis
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