MarketAxess secures majority stake in RFQ-hub platform to enhance global access to derivatives, ETFs, and fixed-income tools.
MarketAxess secures majority stake in RFQ-hub platform to enhance global access to derivatives, ETFs, and fixed-income tools.
MarketAxess Holdings today confirmed the acquisition of a controlling interest in RFQ-hub, marking a strategic expansion through its majority stake in the platform. With the deal now closed, MarketAxess holds roughly a 90% stake in the platform, significantly strengthening its position in the global derivatives and ETF market.
The RFQ-hub platform, active since 2008, enables bilateral trading in listed and over-the-counter derivatives, structured products, and exchange-traded funds, making it a strategic fit for MarketAxess’s expanding portfolio. The acquisition follows more than two years of collaboration between MarketAxess and the RFQ-hub consortium.
Kat Sweeney, Global Head of Data and ETF Solutions at MarketAxess, expressed confidence in the value of this integration, stating, “We see immense potential in combining RFQ-hub technology with our global client network.” She further added, “We have been working with the consortium and the RFQ-hub team for over two years and are already experiencing synergistic wins.”
These remarks underline MarketAxess’s intent to leverage RFQ-hub’s infrastructure to drive innovation in fixed-income markets. Virtu Financial, along with major liquidity providers Citadel Securities, Flow Traders, Jane Street Capital, and asset management giant BlackRock, originally formed and supported the RFQ-hub Holdings LLC consortium in May 2022.
These founding partners will retain minority stakes and continue to collaborate under the new ownership structure. This ongoing partnership suggests that the platform’s evolution will benefit from both continuity and innovation. Moreover, MarketAxess plans to use this acquisition to enhance its role in facilitating fixed-income ETFs and credit futures.
“MarketAxess is focused on supporting and expanding the role of fixed-income ETFs and credit futures, as they become increasingly important tools for our clients to manage their exposure to the fixed-income market and unlock liquidity in the underlying bonds,” said Sweeney. As financial markets increasingly rely on sophisticated tools to navigate liquidity and risk, MarketAxess’s move signals a forward-thinking approach, combining technological advancement with strategic partnerships to deliver value to its global clientele.
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