Virtu and MarketAxess combine to offer global trading platform for ETFs

Electronic trading firms Virtu Financial and MarketAxess have launched a partnership to provide institutions with enhanced trading tools and access to global ETFs and fixed income securities. 

The partnership is expected to go live in the third quarter and includes the distribution of Virtu’s streaming eNAV ETF fair value offering.

John Keller, ETF Product Manager for MarketAxess, explains that Virtu’s recent purchase of ITG, who had previously acquired RFQ-hub, means that the new partnership can work with clients on a pre-trade basis with MarketAxess’ Composite+ algorithmic pricing tool and Virtu’s eNAV ETF fair value offering, through execution on Virtu’s RFQ-Hub and post-trade as well with Virtu’s suite of total cost analysis tools.

The resulting range of services will be more robust than Tradeweb or Bloomberg, Keller believes.

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Beverly Chandler
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