Following on its recent strategic announcement of the launch of the first Electronic Trading Network (ETN) for equities, AX Trading Group, Inc., the parent of AX Trading LLC, today announced that it has reached an agreement with InterDealer Information Technologies, LLC (IDT) to exclusively distribute IDT fixed income trading technology to the global capital markets through AX Trading. The move signals AX’s rapid expansion into technology services across asset classes globally. IDT gains distribution and channel resource in previously untapped client segments and markets. Taken together, AX’s moves represent an exponential benefit to its clients and to global market structure.
IDT is currently the leading provider of electronic fixed-income trading platforms. The IDT footprint includes the number one bond trading platform in the world as well as a trading platform provider for one of the top global exchanges.
Said Dan White, IDT Chairman: “For over a decade we have delivered world class financial technology solutions. We now combine that expertise with AX distribution. We provide traders with both operational and capital efficiency using our technology. “
Said George O’Krepkie, Chairman & CEO of AX Trading Group, Inc.: “AX is committed to providing all market participants with advanced trading tools designed to benefit them. This is the second in a series of initiatives that will bring broker-dealer traders and there institutional clients together to consistently find best execution and liquidity.”