MarketAxess Gets Singapore Approval To Operate As Recognised Market Operator

(RTTNews) - MarketAxess Holdings Inc. (MKTX), an operator of a global electronic trading platform for fixed-income securities, announced Monday the approval by the Monetary Authority of Singapore or MAS to operate as a Recognised Market Operator or RMO.

The company, which provides market data and post-trade services, said the approval marks a significant milestone for its continuing growth in the region. According to the firm, Asian-based investor and dealer clients are rapidly adopting the efficiencies electronic trading solutions can bring to the market, with the number of active firms in Asia growing over 50% in the last 12 months.

MarketAxess has offices in Singapore and Hong Kong.

Christophe Roupie, Head of Europe and Asia for MarketAxess and Trax, said, "We are deeply committed to our growing community of buy- and sell-side clients across the globe and recognise the unique opportunity in Asia. Receiving our RMO approval further demonstrates our commitment to expanding our business in the region and investing in local capabilities."