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MarketAxess launches client-to-multi-dealer trading platform for leveraged loans

MarketAxessHoldings Inc. has launched a client-to-multi-dealer electronictrading platform for leveraged loans.

The company is capitalizing on the growth in loan tradingvolume, which according to the Loan Syndications and Trading Association,reached $394 billion year-to-date through August.

Sandy White, MarketAxess' high-yield and leveraged loanproduct manager, in a press release touted the platform as a "naturalextension" of the company's high-yield trading capabilities.