The operator of an electronic trading platform for U.S. and European fixed-income securities MarketAxess Holdings has incorporated non-agency residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities to its electronic trading platform. The products will broaden the set of structured products offered on MarketAxess.
The move follows the addition of asset-backed securities earlier in 2011. Presently, MarketAxess is the only electronic fixed-income marketplace to provide electronic trading of non-agency residential and commercial mortgage-backed securities to investors. Electronic trading will help source liquidity and attain price transparency for the structured products market.
Click here for the release from PR Newswire.