London, 7 December, 2017: Axe Trading, a leading provider of trading solutions to global fixed income market participants, was awarded Buy-Side Trading System of the Year in the 2017 FOW International Awards. The Awards are judged by a panel of industry experts drawn from a wide range of disciplines, and recognise the best and brightest innovations in finance.
AxeTrading was recognized for AxeTrader, its fixed income Execution Management System. Axe Trader integrates with an institution's order management system to streamline workflow with multiple fixed income trading venues (OTC, exchanges, MTFs, OTFs and SEFs) and multiple sources of pricing, liquidity and other market data to provide a holistic view of fixed income markets.
With this dashboard of pre-trade information, and a complete audit trail of post-trade activity, institutions can achieve MiFID II compliance in fixed income trade best execution, and improve the efficiency of their operations overall.
"Axe Trader was engineered from the ground up to meet the sophisticated needs of today's financial institutions," said Dinos Daborn, Director and Co-founder of Axe Trading. "We recognized long ago that the fixed income markets were going electronic, and have remained committed to our mission of enabling institutions to thrive in a new market structure. We're honoured to receive this award and recognition for our work."
A judge for the FOW International Awards said, "what stood out about Axe Trading is the specificity of its product, addressing a particular market issue, that of fragmented and divergent fixed income liquidity. Axe Trading have focused on a particular, much-needed area, and their success in gaining market penetration and traction across the globe is a testament to how much the market has been in need of such a system."
In the last 12 months, Axe Trading has received a €2m investment from Illuminate Financial, hired a regional sales director and opened an office in Sydney as part of its APAC expansion, and more than doubled its staff.
AxeTrading is a leading provider of trading solutions to global fixed income market
participants. By integrating with, and providing access to, a wide range of fixed income
execution venues and data sources across voice and electronic trading, Axe Trading equips
traders with smarter tools to overcome the challenges of today's markets. Its deep
partnerships with clients go beyond simple aggregation, enabling the firm to reduce cost and
operational risks across the trading floor, while facilitating regulatory compliance. AxeTrading
was founded in 2009, and now has clients in 15 countries across four continents. For more
information, visit www.axetrading.com.
Patrick Sutton, Paragon Public Relations