Trading

MarketAxess to set up second EU base after Brexit

The UK-based bond trading platform draws up a shortlist of possible locations, including Germany, France, Ireland and the Netherlands

Frankfurt, Germany - one of the countries to make MarkAxess's shortlist of possible locations
Frankfurt, Germany - one of the countries to make MarkAxess's shortlist of possible locations

MarketAxess, which runs one of Europe's biggest electronic bond trading platforms, is planning to open a second office on the continent if the UK begins formal exit negotiations with the EU.

The Nasdaq-listed operator employs around 140 people at its London offices and has been growing fast in the region. It handled Eurobond trades worth $86.8 billion between January and August, a figure that is up 84% year-on-year.

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