MarketAxess adds OMS for STP

MarketAxess is linking up to a fifth order management system as part of its efforts to increase straight-through processing on its trading platform. LatentZero's Capstone Minerva becomes the latest OMS to sign up with MarketAxess, following Bloomberg's Portfolio Order Management System, Linedata Longview, Charles River and Decalog. "It's a top priority to get linked into as many order management systems as we can," says Phil Chenery, MarketAxess's European STP manager.