Banque de Luxembourg goes live with MarketAxess’ Axess IQ

By Megha Bhattacharya

MarketAxess Holdings Inc. today announced that Banque de Luxembourg has gone live with the former’s order and execution workflow solution Axess IQ. The solution underwent further enhancement following its pilot launch in November 2019. Axess IQ’s trading capabilities were boosted by the integration of MarketAxess’ Auto-X automated trading solution into its workflow.

Pierre Stoll, Head of Fixed Income and Structured Products with Banque de Luxembourg, commented, “Today’s market requires cutting-edge technology, access to the broadest possible network of liquidity and integrating high-quality market data directly into our workflow. We believe we are able to offer our clients a superior service through this combination and feel Axess IQ can help us exceed client expectations.”

MarketAxess’s tools allow firms to complete orders, along with the support of market data from the AI-powered Composite+ pricing engine. In addition to the inclusion of Auto-X and Composite+ within Axess IQ, clients benefit from access to a global network of over 1,700 active institutional investor and dealer firms via the all-to-all Open Trading marketplace.

New York-headquartered MarketAxess operates an institutional electronic trading platform that aims to deliver expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.

Erik Tham, Head of Private Banking, Benelux and Switzerland, for MarketAxess, added, “Our tailor-made workflow solutions are driving greater efficiency and improved workflow processes. Enhancements to Axess IQ, including the connectivity to Auto-X that now supports fully-automated execution, demonstrates our commitment to building best-in-class technology that gives our clients an edge. We’re thrilled to be working with Banque de Luxembourg and other leading private bank and wealth management firms to enable them with the tools to perform at their peak.”