AXETRADING ACCESSES USD 30 BN OF DAILY BOND LIQUIDITY THROUGH UBS BOND PORT

9 Jan 2020

UBS Bond Port 40,000 ISINs across 19 currencies

AxeTrading and UBS BondPort, UBS’s Electronic Execution Credit smart order router, have announced that buy-side, sell-side and agency broker users of theAxeTrader EMS will gain access to the functionality, workflow and liquidity of UBS Bond Port.

AxeTrading’s clients will now be able to access the equivalent of USD 30 billion of daily global liquidity in credit, rates and emerging market bonds. They can choose to distribute prices to other participants of the UBS Bond Port network on an anonymous basis and access firm liquidity in over 40,000 ISINs across 19 currencies.

Clients will have control of their orders to optimize their market making and order execution workflow as the AxeTrader pricing engine actively manages their live orders within UBS Bond Port to keep them current, unlike other static systems, and access significant depth in the market well beyond just best bid and best offer.

Nico Masso, Global Co-Head Credit Execution UBS Bond Port said “Building on our 35% year-on-year volume growth, we are delighted to welcome AxeTrader clients to the expanding UBS Bond Port platform. Our object is to ensure our clients can trade credit across multiple channels and have the optimum connectivity options to access the deepest liquidity.”

Mark Watters, CCO and co-founder of AxeTrading commented “By connecting AxeTrader to UBS Bond Port our clients will benefit from the broadest access to an established and proven truly global fixed income order book that goes far beyond other matching tools. This offers them aggregated firm liquidity backed by the market strength of UBS as the trading counterparty.”

Mark Eardley, Product Manager for UBS Bond Port said, “Connecting to AxeTrader is another significant milestone in our strong OMS and EMS strategy. This increases the options for our expanding client base and adds to our already significant flow and depth of firm liquidity for all user of the platform”.