MarketAxess Announces Seventh Annual Charity Trading Day
Trading Revenues to Benefit Emerging Markets Charities
NEW YORK and LONDON, Sept. 20 /PRNewswire/ -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high- grade corporate bonds, emerging markets bonds and other fixed income securities, today announced that its seventh annual Charity Trading Day will be held on September 23, 2010. MarketAxess, in partnership with EMTA, will donate all emerging markets revenues from the trading day to emerging markets charities.
"Since launching electronic trading for emerging markets bonds over eight years ago, we are grateful to have developed many strong relationships within the emerging markets trading community," said Richard M. McVey, Chairman and Chief Executive Officer of MarketAxess. "We thank our investor and dealer clients for their continued support of the Annual Charity Trading Day, enabling us to provide valuable assistance to those in need in the emerging markets."
Each year charities are selected as beneficiaries by emerging markets industry benefit committees in New York and London. The charities that will benefit from this year's donations include:
- Cotlands, a long-serving South African non-profit agency that continues to meet the needs of children affected by HIV/AIDS.
- Children of the Andes, which supports street children in Colombia.
- Downside Up, which provides support and education for children in Russia with Down's Syndrome.
- EMpower, which connects the emerging markets community with innovative grassroots organizations enabling young people to lead healthy, productive lives.
- Fonkoze, which offers micro finance services aimed at improving the economic and social conditions in Haiti.
- Health Unlimited, which works with indigenous communities and communities affected by conflict and political instability to achieve better health.
- NESST, an organization that provides financial and capacity-building support to social enterprises in Central Europe and Latin America.
- Orphaned Starfish Foundation, an organization dedicated to working with orphans and disadvantaged children throughout Latin America.
- WorldFund, which provides financial, managerial and technical assistance to partner schools in impoverished Latin American neighborhoods.
The total amount of this year's donations will be announced at the emerging markets debt industry's annual London and New York benefits, which are scheduled for Friday, October 1, 2010, and Thursday, December 2, 2010, respectively.
About MarketAxess
MarketAxess operates a leading electronic trading platform that enables investment industry professionals to efficiently trade corporate bonds and other types of fixed-income instruments. MarketAxess' patented trading technology allows institutional investor clients to request competitive, executable bids or offers from multiple broker-dealers simultaneously, and to execute trades with the broker-dealer of their choice. Approximately 800 institutional investors are active users of the MarketAxess trading platform, accessing the global liquidity provided by MarketAxess' 80 broker-dealer clients in U.S. high-grade corporate bonds, European bonds, high yield and emerging markets bonds, agency bonds and credit default swaps. MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients.
MarketAxess maintains its headquarters in New York and has offices in London, Chicago and Salt Lake City. For more information, please visit www.marketaxess.com.
About EMTA
Founded in 1990, EMTA (formerly the Emerging Markets Traders Association) is a not-for-profit corporation dedicated to promoting the orderly development of fair, efficient and transparent trading markets for emerging markets instruments, and the integration of the emerging markets into the global financial marketplace.
SOURCE MarketAxess Holdings Inc.
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