Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal 
Nomura Upgrades PDD Holdings to Buy, Calls Stock Too Cheap to Ignore 
Brazil Meat Exports Weather Iran War Disruptions With Rerouted Shipments 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
Bank of America's $72.5M Epstein Settlement: What You Need to Know 
CTOC Adds 3,000 Doctors, 500 Hospitals Ahead of Liquidity Push 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Jefferies Upgrades Sodexo to Buy With €55 Target After Historic CEO Appointment 
Apple Turns 50: From Garage Startup to AI Crossroads 
KPMG UK Cuts 440 Audit Jobs Amid Low Attrition and Cooling Professional Services Demand 
Novartis to Acquire Biotech Firm Excellergy in $2 Billion Deal 
McDonald's and Restaurant Brands International Face Headwinds Amid Iran Conflict and Rising Costs 
Star Entertainment Secures $390M Refinancing Deal to Stabilize Operations 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, added the ability to trade local currency Asian bonds to its electronic trading platform. The initiative is part of a commitment to expanding in the Asia Pacific region which includes opening an office in Hong Kong, the second in the region, alongside the existing office in Singapore.
Asia-based platform participants benefit from access to an expanding global credit trading community that includes over 1,000 institutional investor and broker-dealer firms, through MarketAxess’ award-winning electronic platform.
MarketAxess has added the ability for platform participants to trade local currency bonds denominated in Indonesian Rupiah (IDR), Thai Baht (THB) and Singapore Dollar (SGD) from 10 key market-making dealers to complement the 29 dealers already providing liquidity in hard-currency Asia bonds. Combined with the Asia local currency offering, MarketAxess offers trading in 22 global local currency markets with liquidity from over 28 market-making dealers. Global local currency trading on MarketAxess has grown over 180% year-on-year and in the third quarter of this year represented approximately 23% of all Emerging Markets trade volume on the MarketAxess system.
Duncan Klein, Head of Asia Sales, MarketAxess, comments, “The Asian fixed income markets have experienced tremendous growth in the last several years, stretching across an increasingly diverse client base. MarketAxess brings together this vast network of liquidity through efficient technology to meet the needs of the Asian credit trading community. With the ability to trade local and hard currency debt in Asia and across the globe, MarketAxess is offering unparalleled access for global traders to connect with each other and ultimately improve liquidity in the region.”
Kevin McPherson, Global Head of Sales, MarketAxess, added, “MarketAxess is making a significant investment in Asia to both technology resources and local knowledge. As global credit market liquidity remains challenged, both buy- and sell-side clients are demanding solutions that provide better price discovery and access to more counterparties. Our expanded footprint in Asia and the technical enhancements to our trading protocols demonstrates our commitment to develop a robust secondary credit trading offering in the region.”
