Index provider MSCI and bond trading platform MarketAxess have announced plans to co-develop a range of fixed income indexes.

The two firms will also work together on creating a portfolio analytics service for the fixed income market.

According to Henry Fernandez, chairman and CEO of MSCI, the alliance is designed to meet the increasingly complex needs of institutional investors when it comes to fixed income trading.

“As bond markets continue to evolve beyond over-the-counter trading coupled with compressed management fees, investors seek to effectively analyse and index fixed income securities,” said Fernandez

MarketAxess chairman and CEO Rick McVey added that the partnership is based on the value of using proprietary liquidity data to enhance portfolio construction tools.

“We have seen first-hand what the addition of actionable market data can do to improve trading efficiencies,” said McVey.

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