Trading Revenues to Benefit Emerging Markets Charities
NEW YORK and LONDON, Sept. 15 /PRNewswire-FirstCall/ -- 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 fifth annual Charity Trading Day will be held on Thursday, September 18, 2008. In partnership with EMTA (The Trade Association for the Emerging Markets), MarketAxess will donate all emerging markets revenues from the trading day to emerging markets charities.
MarketAxess has raised nearly $400,000 for emerging markets charities from the four previous Charity Trading Days. "MarketAxess has been one of our most important sources of funding for the industry charity events and these worthwhile causes," said EMTA's Jonathan Murno, who chairs and co-chairs the New York and London Benefit Committees, respectively. "We appreciate the generosity of MarketAxess and we encourage the EM trading community to come out in broad support of these charities again this year on Charity Trading Day."
"The Emerging Markets Charity Trading Day is a great source of pride for MarketAxess and an opportunity for the EM trading community to come together and support these meaningful charities," said Richard M. McVey, chairman and chief executive officer of MarketAxess. "Over the past year, we have broadened our emerging markets product offering and successfully entered the local currency EM market, including Argentina, Brazil, Columbia, Mexico, Peru and Uruguay. This expansion is a reflection of our commitment to the EM space, and we hope the donations generated from our clients' trading activity will meet or exceed previous years."
Nine charities have been selected by benefit committees in New York and London, including:
-- Cotlands, which provides support for children affected by the HIV/AIDS
pandemic in South Africa;
-- Downside Up, which provides support and education for children in Russia
with Downs Syndrome;
-- EMpower, which connects the Emerging Markets community with innovative
grassroots organizations enabling young people to lead healthy,
productive lives;
-- Health Unlimited, which provides basic health care to rural communities
in Africa, Asia and Latin America;
-- Orphaned Starfish Foundation, which is dedicated to working with orphans
and disadvantaged children throughout Latin America;
-- Sri Lanka Care, Hidden List which rebuilds and restores homes
lost and damaged by the Asian Tsunami;
-- Task Brasil, which provides shelter and vocational training for street
children in Rio de Janeiro, Brazil;
-- WaterPartners International, which promotes health in Latin America,
Africa and Asia by increasing access to safe drinking water; and,
-- 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 on Friday, October 17, 2008 and Thursday, December 4, 2008, respectively.
About MarketAxess
MarketAxess operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities, serving as an electronic platform through which our more than 650 active institutional investor clients can access the liquidity provided by more than 50 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously request 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, credit default swaps, agencies, high-yield and emerging markets bonds. MarketAxess also provides data and analytical tools that help our clients make trading decisions, we provide connectivity solutions that facilitate the trading process by electronically communicating order information between trading counterparties and we provide our clients with ancillary technology services. Our DealerAxess(R) trading service allows dealers to trade fixed-income securities with each other on our platform.
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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