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MarketAxess has announced the launch of a new trading channel for its global investors to access China’s Interbank Bond Market (CIBM).
The firm’s clients will be able to trade directly with onshore market makers using its trading protocols Request-for-Quote (RFQ) and list trading functionality.
The channel can be accessed via the connection between the China foreign exchange trade system (CFETS) and MarketAxess Holdings, under the Bond Connect and CIBM Direct schemes.
Zhang Yi, president of CFETS, says: “CFETS has been committed to facilitating global investors to invest in the interbank bond market, while providing better services through closer collaboration with global trading platforms.
“Our partnership with MarketAxess can now provide overseas investors with new access to the mainland bond market. In the future, both parties shall explore more opportunities to further promote the opening-up of China's Interbank Bond Market.”
Julien Martin, general manager of Bond Connect Company, adds: “We are optimistic that this will further promote enhanced liquidity alongside increasing international participation in the China interbank bond market. We are witnessing higher demand for credit assets among foreign investors, and we believe MarketAxess will add value in the space.”
