This page may contain stale information. Last updated: 2026-07-30
Definition
Institutional electronic trading of bonds and other fixed-income instruments via specialized platforms that provide pre-trade analytics, execution, and post-trade workflows — distinct from voice/RFQ-only markets.
Key Points
- 2026-07-30: intercontinental-exchange / marketaxess $5.7B deal aims to integrate institutional e-trading with ICE retail/wealth and data/indices (2026-07-30-ice-marketaxess-ir-primary)
- Consolidation theme: execution venues bundling with market data
- Relevant to tokenization debates — incumbent infra vs public crypto networks (clarity-act)