MarketAxess Holdings, the operator of a leading electronic trading platform for fixed-income securities, and provider of market data acquires LiquidityEdge, a leading provider of an electronic US Treasuries marketplace for $150m. The acquisition includes $100m in cash and $50m in stocks, subject to customary purchase price adjustments. The transaction is expected to close in the fourth quarter of 2019, subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals. “Through the acquisition of LiquidityEdge, we are bringing rates trading capabilities to MarketAxess to complement our leading position of electronic trading in the global credit markets. This will not only enhance the trading experience for our dealer and institutional investor clients, but also offer a truly innovative solution for dealers to stream US Treasury quotes to a tailored audience,” Chris Concannon, MarketAxess President, and COO.