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.