LiquidMetrix to Launch Best Execution Service for Fixed Income
London, 7th December 2015. LiquidMetrix, an industry leader of Best Execution, TCA and surveillance services for equity and FX markets, is to expand its service to cover the fixed income markets.
LiquidMetrix will utilise the specialist high quality Fixed Income data from Trax and produce best execution performance measurements covering credit markets. With increasing demands for multi-asset analysis, heightened by the impending cross-asset scrutiny of MiFID II, this is a significant initiative and will complement the equity and FX coverage currently offered by LiquidMetrix.
"We are very pleased to be sourcing our fixed income data from Trax as this gives us the widest range of pricing data available from any source on credit markets" says Sabine Toulson, Managing Director of LiquidMetrix "This new data provides a great enhancement to our existing Best Execution and TCA services offering the highest quality of benchmarking in the financial industry available today to our customers."
Trax is a leading provider of capital market data, trade matching and regulatory reporting services to the global securities market. In 2014, Trax processed 1.1 billion transactions on behalf of its user community, including 14.6 million fixed income transactions. Trax estimates that it processes approximately 65% of all fixed income transactions in Europe as part of its post-trade service offering. Trax was established in 1985 and became a subsidiary of MarketAxess in 2013.
LiquidMetrix is the flagship brand of Intelligent Financial Systems Limited (IFS)*, an independent provider of trade execution quality analysis to Tier 1 banks, brokers, asset managers and exchange and trading venues. The LiquidMetrix suite of services offers trading firms an independent assessment of best execution, transaction cost analysis and pre-trade cost prediction across fragmented global securities markets. Combined with a surveillance service to detect market abuse and a counterparty profitability measure to identify toxic flow on the other side of a trade, the LiquidMetrix suite of products provide sell-side and buy-side clients with actionable intelligence to measure and improve trading performance.
For more information, please contact firstname.lastname@example.org or visit www.liquidmetrix.com.
LiquidMetrix is a brand of Intelligent Financial Systems, an independently operated company within the Asset International Group of companies