MarketAxess taps DataBP’s data licensing and commercial platform for fixed income

Rick Steves

DataBP is integrated with Salesforce to better meet the business intelligence needs of its institutional fixed income trading clients, while at the same time increasing efficiency and reducing risk.

MarketAxess has announced it is leveraging DataBP’s data licensing and commercial management platform to support and automate data licensing and post-sales processes on its market data and post-trade solution.

DataBP’s data licensing platform has been widely adopted by tier 1 securities exchanges and a growing number of index providers and data vendors. The solution automates the manual business processes supporting ongoing administrative workflows.

MarketAxess targets institutional fixed income clients

MarketAxess is taking this as an opportunity to provide a broader range of services to customers, and manage an increasingly diverse community of data subscribers and redistributors.

DataBP is integrated with Salesforce to better meet the business intelligence needs of its institutional fixed income trading clients, while at the same time increasing efficiency and reducing risk.

Ryan Gwin, Head of Data Sales, MarketAxess, added: “DataBP’s platform provides MarketAxess the opportunity to optimize the customer experience as we develop our data services business and offer new products. Having the tools to automate market data sales administration means that we can focus on the higher value activities involved with servicing clients and developing cutting edge products.”

Mark Schaedel, CEO of DataBP, commented: “We are thrilled to partner with MarketAxess who, in many ways, are doing to credit markets what we are doing in the market data space – introducing innovation and technology to support a necessary transition from analog to digital. As credit markets become more automated and data-driven, streamlining the workflows supporting the provision and licensing of data are a critical enabler for innovation. DataBP is focused completely on enabling providers of data to rapidly introduce new products, onboard customers and manage data licensing and subscription relations at scale.”

Late last year, MarketAxess hired Kathryn Sweeney as Head of its Index and ETF Solutions, where she will be responsible for the execution of the company strategy for these two divisions and help with business and product development. Her prior experience includes 18 years at Goldman Sachs, where she built the investment bank’s ETF market-making business.

Miss Sweeney had also held various roles across risk management, strategy, and business development at Goldman before she joined State Street Global Advisors where she was the Senior Managing Director and Head of the Institutional Client Group for North America.

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