MARKETAXESS ACQUIRES GREENLINE, LINKING FIX SOLUTIONS WITH FIXED-INCOME MARKETS

Posted March 6, 2008

NEW YORK – Electronic fixed-income and bond trading platform operator MarketAxess Holdings Inc. has acquired Chicago-based Financial Information eXchange (FIX) trading solutions provider Greenline Financial Technologies Inc. for $42 million in cash and stock.

“We are excited about being part of developing market standards through accelerating growth in the use of FIX protocols,” says Richard M. McVey, Chairman and Chief Executive Officer of MarketAxess. “The acquisition of Greenline further broadens the range of technology services that we offer to institutional financial markets, provides a meaningful expansion of our client universe, including global exchanges and hedge funds, and further diversifies our business beyond our core electronic credit trading products.”

Together, MarketAxess and Greenline plan to extend connectivity solutions beyond fixed-income into equities and exchange-trade options, futures and commodities. By applying Greenline’s suite of FIX-related products and services to the fixed-income market, the companies expect to gain fixed-income end-users in the next several years.