MarketAxess Holdings

Pragma Trading is a quantitative technology provider that develops advanced trading algorithms and analytical solutions for various financial institutions, including banks, hedge funds, brokers, and asset managers. The company focuses on delivering algorithmic and analytical services, offering multi-asset trading solutions that enhance quality, control, and transparency for its clients. By leveraging cutting-edge technology, Pragma Trading aims to improve trading efficiency and effectiveness in the competitive financial markets.

Regulatory Reporting Hub is a reporting and compliance platform that enables buy- and sell-side clients.

Trax is a leading provider of capital market data, trade matching and regulatory reporting services to the global securities market. In 2016 Trax processed 1.2 billion transactions on behalf of its user community and has over 30 years’ experience in providing innovative, secure and reliable systems for the financial services sector. Trax estimates that it processes approximately 65% of all fixed income transactions in Europe as part of its post-trade service offering.

LiquidityEdge LLC operates a treasury trading market platform in the United States, having been established in 2015 and headquartered in New York. The company offers relationship-based trading services that provide direct access to a diverse range of liquidity providers, addressing the challenges within the US Treasuries market. By facilitating efficient access to various sources of liquidity, LiquidityEdge creates a conducive trading environment for participants. The platform emphasizes positive interactions between liquidity providers and consumers, enabling tailored execution models that align with individual trading strategies. With a focus on improving the overall trading experience, LiquidityEdge's ecosystem connects primary dealers, regional dealers, professional trading groups, and buy-side clients in an independent venue that is responsive to market needs. As a subsidiary of MarketAxess Holdings, LiquidityEdge is committed to enhancing the US Treasuries market through innovative trading solutions.

TradingEdge is a full-service electronic platform that specializes in the municipal, high-yield, emerging market, corporate, and convertible bond markets. Founded in 1997, the company pioneered the creation of BondLink, an Internet-based real-time bond trading service launched in 1999, making it the first broker/dealer to offer online trading for high-yield bonds. With a leadership team experienced in both finance and technology, TradingEdge has successfully integrated traditional bond trading with modern internet capabilities. The company is also a member of the National Association of Securities Dealers and the Securities Investor Protection Corporation, ensuring compliance and protection within the financial industry.

RFQ-hub was founded in 2008 as a multi-dealer and bilateral trading solution by ID’S.