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AxeChange is the software to power execution venues for fixed income products. Enabling the trading of Government, Corporate, Sukuk and Retail Bonds across reserve and local currencies.
Anonymous and name-give up quoting and dealing for all established trading protocols such as Request for Quote, Request for Order and Centralised Order Book (click-to-trade).
Credit and counterpartyrisk management, with the ability to allow traders a‘last look’ for dealing quotes on indicative prices and axes.
Monitoring and reporting to fulfil regulatory requirements, measure liquidity provision by participating dealers, and provide a fair dealing environment for all participants.
Multiple kinds of fixed income pricing including axes distribution, firm and indicative single and two-way quoting, and a fully electronic price negotiation process.
Access by either web-based HTML5 user interface or by connecting directly via FIX protocol though an execution management system such as AxeTrader.
Support for centralised and bilateral settlement methods. Flexible trading mechanisms and features that will increase trading participation by market players.
Enhance and develop local bond markets to meet commercial objectives and those set by governments, financial authorities, and bond market associations.
AxeChange enables the trading of Government, Corporate, Sukuk and Retail Bonds across reserve and local currencies. AxeTrading has collaborated with a number of exchanges to enhance and develop their local bond markets to meet their commercial objectives and those set by governments, financial authorities, and bond market associations.
To increase the size and number of market participants, drive interest from new debt issuers and to better meet growing local funding requirements; emerging market exchanges have to innovate their bond trading offering and effectively embrace both voice and electronic trading.
AxeTrading continues to accelerate the evolution of fixed income markets by delivering advanced technology for dealers and trading venues to broaden participation, which provides liquidity and market transparency.
See our work with IDX in Indonesia.
TECHNOLOGY
Building on AxeTrading’s exceptional market knowledge and proven award-winning technology, AxeChange supports fixed income quote distribution of axes, firm and indicative quoting to negotiate trades using either a central counter-party or bilateral settlement including a counter-party switching facility to open up further liquidity. AxeChange supports anonymous and name-give trading methods for established trading protocols such as Request for Quote, Request for Order and a Centralized Order Book (click-to-trade).
AxeChange supports credit and counter-party risk management processes, with monitoring and reporting to fulfill local and international regulatory requirements to provide a fair and transparent market for all participants.
The software is delivered through a web based HTML5 user interface and also has FIX connectivity to allow users to plug in their existing architecture and access AxeTrader and other frontend solutions.
