MarketAxess Holdings Inc. (NASDAQ: MKTX) has acquired a 90% controlling stake in RFQ-hub Holdings LLC, a platform known for its multi-asset, multi-dealer RFQ capabilities — with coverage across listed and OTC derivatives, structured products, and ETFs.
This move strengthens MarketAxess’ positioning in the institutional fixed-income space, especially as it expands its focus on credit futures and fixed-income ETFs.
Kat Sweeney, Global Head of Data and ETF Solutions at MarketAxess, stated:
“We see immense potential in combining RFQ-hub technology with our global client network. We have been working with the consortium and the RFQ-hub team for over two years and are already experiencing synergistic wins.
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.”
What This Means for Prop Traders:
For retail-focused prop firms and traders, this deal likely flies under the radar.
But for firms that are scaling into institutional territory or looking to diversify into multi-asset coverage, this is a signal of how serious the fixed-income space is becoming.
The RFQ model — especially in derivatives and ETFs — is evolving fast, and institutional access tools like this are shaping what the next-gen prop desk might look like.
For now?
Just another sign that the future of trading is more cross-asset than ever.
