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 trading platform focused on the U.S. Treasuries market, providing a range of relationship-based execution models that grant direct access to various liquidity providers. Founded in 2015 and headquartered in New York, the company addresses the challenges of the evolving trading environment by facilitating efficient access to liquidity for all market participants. The platform allows users to choose from different execution models that align with their trading strategies, fostering positive interactions between liquidity providers and consumers. LiquidityEdge emphasizes a bespoke trading ecosystem that connects primary dealers, regional dealers, professional trading groups, and buy-side clients, enhancing the overall trading experience. As a subsidiary of MarketAxess Holdings Inc. since late 2019, LiquidityEdge remains an independent venue that is at the forefront of developments in the U.S. Treasury market, driven by a team of seasoned professionals who understand the market's needs.

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.