MarketAxess has risen by challenging Wall Street banks that have long dominated trading in corporate bonds. The trading platform was added to the S&P 500 this summer after its share price doubled in a matter of months.
RT @mdc: electronic trading in bonds has been slow to catch on, largely bc banks kept a tight grip on the market & its lucrative fees. most attempts to jumpstart platforms failed. here's @MattWirz on @MarketAxess +how it took years to sign dealers onto its platform https://t.co/9MaDDhqyYb