MarketAxess Holdings has started electronic trading for preferred stocks and consumer-based asset-backed securities (ABS) on its e-trading platform. Liquidity to the platform is provided by 14 market-making dealers through the MarketAxess corporate bond platform. About 100 institutional investors have signed up for ABS trading. ABS’ product coverage comprises credit cards, equipment leases, floor-plans, student loans, timeshares and autos.
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