MarketAxess Launches Emerging Market Bond Trading in Four New Countries

MarketAxess launches Open Trading for emerging market local currency bonds in Poland, Czech Republic, Hungary and South Africa.
Adds key component to MarketAxess' end-to-end global emerging markets offering, connecting local and international markets.
Allows buy-side and sell-side to trade emerging market bonds on an anonymous, all-to-all basis.
Emerging market local currency bonds were over 40% of MarketAxess’ $360B global emerging markets volumes in 2022.
Plans to expand Open Trading to more local currencies in emerging markets in 2023.

businesswire.com

Relevant topic timeline:

9/27/2023

India's Central Bank May Intervene to Temper Rupee Gains from Index Inflows, Per JPMorgan

The Reserve Bank of India is expected to buy dollars and sell bonds in order to manage the liquidity and forex impact of India's inclusion in global bond indices, according to JPMorgan's head of emerging market economics.