[August 09, 2004] The Royal Bank of Scotland Joins MarketAxess Dealer Group LONDON & NEW YORK --(Business Wire)-- Aug. 9, 2004 -- MarketAxess Holdings Inc., the operator of a leading electronic, multi-dealer to client platform for U.S. and European high-grade corporate and emerging markets bond trading, today announced the addition of The Royal Bank of Scotland, one of the world's leading financial services companies, as a participating dealer on its MarketAxess Europe platform. With the addition of The Royal Bank of Scotland, MarketAxess now provides institutional investor clients with a central pool of aggregated liquidity from 17 leading global debt dealers on the European platform. Current MarketAxess participating dealers on the European platform include: ABN AMRO, Banc of America Securities, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup Global Markets, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, SG Corporate & Investment Banking, and UBS. Launched in August 2001, MarketAxess Europe Ltd. is the first platform in Europe to offer a disclosed multi-dealer inquiry capability for credit products, allowing institutional investors to view multiple bids and offers from participating dealers. In the first half of 2004, the platform reported trading volume of $41.2 billion. "MarketAxess has always focused on providing our clients with a comprehensive technology solution that provides transparency, efficiency and liquidity in the bond markets," said Iain Baillie, head of MarketAxess European operations. "The addition of The Royal Bank of Scotland, the sixth largest bank in the world and a leading liquidity provider in GBP credit markets, reinforces our position as a leader in electronic trading and allows us to bring even greater value to our clients." About MarketAxess MarketAxess operates a leading platform for the electronic trading of fixed-income securities, serving as an electronic platform through which our more than 600 institutional investor clients can access the liquidity provided by our 19 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously receive competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. MarketAxess offers our clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, and emerging markets bonds. In addition, we recently announced a strategic alliance to provide our institutional investor clients with access to the U.S. government bond market. MarketAxess also provides data and analytical tools that help our clients make trading decisions and we facilitate the trading process by electronically communicating order information between trading counterparties. MarketAxess' current participating dealers are: ABN AMRO, Banc of America Securities, Barclays PLC, Bear Stearns, BNP Paribas, Citigroup Global Markets, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs, HSBC, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland, SG Corporate & Investment Banking, Spear Leeds & Kellogg, UBS, and Wachovia Securities. About The Royal Bank of Scotland Group The Royal Bank of Scotland Group ("RBS Group") is one of the world's leading financial services companies providing a range of retail and corporate banking, financial markets, consumer finance, insurance, wealth management and other finance-related activities. RBS Group had a market capitalization of $88.4 billion at July 28th, 2004 and now ranks as the sixth largest bank in the world. For 2003, RBS Group posted total revenue of $31.44 billion and operating profit before tax, goodwill amortisation and integration costs of $11.69 billion. RBS Group serves more than 30 million customers world-wide and employs approximately 122,000 people, including nearly 20,000 in the US. In the US, RBS Group owns Citizens Financial Group and Peoples Bank credit card business. Its New York-based Corporate Banking and Financial Markets North America business is a leading provider of financing solutions to corporate and institutional clients. RBS Greenwich Capital tailors debt capital market solutions to institutions world-wide and has a leading position in US treasuries and asset backed securities. [ Back To TMCnet.com's Homepage ]