MarketAxess completes acquisition of Xtrakter
London – Tuesday 5 March, 2013 - MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European corporate bonds, emerging markets bonds and other types of fixed-income securities, has completed its previously announced acquisition of Xtrakter Limited, a leading provider of regulatory transaction reporting, financial market data and trade matching services to the European securities markets.
MarketAxess' acquisition of Xtrakter from Euroclear was completed on 1 March, 2013 following approval from the UK Financial Services Authority. The purchase price is £25.3 million (approximately $38.5 million), net of acquired cash.
Euroclear Bank is the world’s largest provider of settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives and investment funds. Serving major financial institutions located in more than 90 countries, Euroclear Bank, based in Brussels, is part of the Euroclear group. Euroclear Bank is rated AA + by Standard & Poor’s and Fitch Ratings.
The Euroclear group also includes Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. In addition, Euroclear owns Xtrakter, operator of the TRAX trade matching and reporting system. In 2010, the Euroclear group settled more than EUR 526 trillion in securities transactions, representing 150 million domestic and cross-border transactions, and held nearly EUR 22 trillion in assets for clients.
Launched in 2008, Euroclear Bank’s LoanReach is an automated, multi-currency post-trade service for syndicated loan transactions.