TITLE

MarketAxess: A Credit-Crunch Case Study?

AUTHOR(S)
Kite, Shane
PUB. DATE
November 2007
SOURCE
Securities Industry News;11/12/2007, Vol. 19 Issue 39, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article highlights the corporate trading activities of New York-based international bond-trading platform operator MarketAxess Holdings in the third quarter of 2007. It states that the slowdown of the credit market has resulted to a 32 percent decline in the company's corporate trading volume and growth in its other trading categories such as credit default swap (CDS). According to chief executive officer (CEO) Richard McVey, the credit crunch was caused by the strong illiquidity in the corporate bond market and the shift in the client mix.
ACCESSION #
27634248

 

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