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Julius Baer Goes Live With Pilot of MarketAxess’ New Order & Execution Workflow Solution, Axess IQ | ![]() |
Thursday, 21. November 2019 14:00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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NEW YORK and LONDON, Nov. 21, 2019 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, announced today that Bank Julius Baer & Co. Ltd (Julius Baer), one of the world’s leading private banking groups, has gone live with a pilot version of MarketAxess’ new order and execution workflow solution, Axess IQ. Axess IQ is designed to meet the needs of wealth management and private banking community by improving liquidity discovery, execution efficiency and alpha generation across execution operations of firms with large numbers of individual client orders. The connectivity of Axess IQ and the MarketAxess trading network means clients can access unparalleled global fixed income market liquidity with added order management and automation capabilities. Axess IQ offers a unique combination of:
Following a successful implementation period, this new solution allows Julius Baer to streamline and enhance their order workflow and demonstrate best execution by utilizing MarketAxess’ award-winning AI-powered Composite+™ pricing engine for monitoring limit orders and MarketAxess’ Auto-X™ solution for efficient, low-touch automated execution. Axess IQ will be made available to additional clients post the pilot phase. Stefan Rosskopf, Head of Fixed Income Advisory and Execution with Julius Baer, commented: “Our focus on service orientation and best execution are the pillars of our success at Julius Baer. At a trade execution level, that means ensuring the highest level of operational efficiency, counterparty selection and price discovery for the client. It also means efficiently managing order flow through more automated processes so that our traders can focus on bigger sized or less liquid trades, which many times need special attention or manual intervention. Efficiency means being able to assess and access liquidity across the broadest possible range of credit products and markets, as well as supporting the trader in the counterparty selection. We’ve been very pleased with the success of the Axess IQ pilot so far and look forward to working with MarketAxess further as new functionality and products are added.” Christophe Roupie, Head of EMEA and APAC with MarketAxess, said: “Execution desks at wealth managers and private banks have very specific needs when it comes to their execution workflow. Working with Julius Baer to deliver the Axess IQ pilot has been an ideal partnership – marrying the sophistication of Julius Baer’s global private banking team with MarketAxess’ leading technology and market data to create the right, tailored solution to those needs. We’re excited about what this launch heralds as we roll out new Axess IQ technology to more clients in 2020.” About MarketAxess MarketAxess is headquartered in New York and has offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami, Salt Lake City, San Francisco, São Paulo, Hong Kong and Singapore. For more information, please visit www.marketaxess.com.
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Related Links: MarketAxess Holdings Inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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