MarketAxess Joins Bond Connect as the Latest Access Platform
27 September 2021
Bond Connect Company Limited (BCCL) is delighted to welcome MarketAxess as Bond Connect’s latest trading platform for Northbound trading today, providing international investors an additional gateway to access the China Interbank Bond Market (CIBM).
To accommodate the growing investor appetite in the China onshore bond market, BCCL has always strived in the forefront for innovations driving greater efficiency and ease of access, most recently including ePrime for primary market facilitation, CNYPlus for 3rd party FX, and the streamlined entity level onboarding process.
Zhang Yi, President of CFETS, said, “As an important financial infrastructure of China's interbank bond market, CFETS has been committed to facilitating global investors to invest in the interbank bond market while continuously providing better services through closer collaboration with global trading platforms. Our partnership with MarketAxess can now provide overseas investors with new access to the mainland bond market. In the future, both parties shall explore more opportunities to further promote the opening-up of China's interbank bond market.”
“We are delighted with the addition of MarketAxess as a new access platform to Bond Connect’s trading link,” said Julien Martin, General Manager of Bond Connect Company Limited. “We are optimistic that this will further promote healthy competition and enhanced liquidity alongside increasing international participation in the China interbank bond market. We are witnessing higher demand for credit assets among foreign investors, and we believe MarketAxess will add significant value in the space.”
By the end of August 2021, Bond Connect has onboarded more than 2,700 investors accounts covering 37 global jurisdictions, with an average daily turnover of RMB 24.25 billion for the month.
“This launch is the result of a close partnership between MarketAxess and CFETS that aims to enhance investor experience in the China interbank market,” said Rick McVey, Chairman and CEO of MarketAxess. “I’m delighted that together we’re able to bring greater, more diverse global investor participation to the $15trn onshore bond market, and I’m excited to think of the many opportunities for collaboration that lie ahead.”
Christophe Roupie, Head of EMEA & APAC at MarketAxess, adds: “We saw a 74% increase in our trading volume across Asia Pacific in 2020. That success is built on the strategic investments we’ve made to help the region’s bond markets to innovate, improve workflow efficiency and attract greater global client participation. This launch is another important milestone for our continued international growth.”
BCCL looks forward to a strong collaboration with MarketAxess in elevating global investors’ participation in Bond Connect.
To accommodate the growing investor appetite in the China onshore bond market, BCCL has always strived in the forefront for innovations driving greater efficiency and ease of access, most recently including ePrime for primary market facilitation, CNYPlus for 3rd party FX, and the streamlined entity level onboarding process.
Zhang Yi, President of CFETS, said, “As an important financial infrastructure of China's interbank bond market, CFETS has been committed to facilitating global investors to invest in the interbank bond market while continuously providing better services through closer collaboration with global trading platforms. Our partnership with MarketAxess can now provide overseas investors with new access to the mainland bond market. In the future, both parties shall explore more opportunities to further promote the opening-up of China's interbank bond market.”
“We are delighted with the addition of MarketAxess as a new access platform to Bond Connect’s trading link,” said Julien Martin, General Manager of Bond Connect Company Limited. “We are optimistic that this will further promote healthy competition and enhanced liquidity alongside increasing international participation in the China interbank bond market. We are witnessing higher demand for credit assets among foreign investors, and we believe MarketAxess will add significant value in the space.”
By the end of August 2021, Bond Connect has onboarded more than 2,700 investors accounts covering 37 global jurisdictions, with an average daily turnover of RMB 24.25 billion for the month.
“This launch is the result of a close partnership between MarketAxess and CFETS that aims to enhance investor experience in the China interbank market,” said Rick McVey, Chairman and CEO of MarketAxess. “I’m delighted that together we’re able to bring greater, more diverse global investor participation to the $15trn onshore bond market, and I’m excited to think of the many opportunities for collaboration that lie ahead.”
Christophe Roupie, Head of EMEA & APAC at MarketAxess, adds: “We saw a 74% increase in our trading volume across Asia Pacific in 2020. That success is built on the strategic investments we’ve made to help the region’s bond markets to innovate, improve workflow efficiency and attract greater global client participation. This launch is another important milestone for our continued international growth.”
BCCL looks forward to a strong collaboration with MarketAxess in elevating global investors’ participation in Bond Connect.