MarketAxess Announces Trading for Turkeys Initiative to Support City Harvest
30 Octubre 2023 - 6:32AM
Business Wire
Percentage of Portfolio Trading revenues in November will be
donated to help feed New Yorkers in need
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a
leading electronic trading platform for fixed-income securities,
today announced its Trading for Turkeys charity initiative to
support City Harvest. Under the initiative, MarketAxess will make a
charitable contribution equal to 25% of its U.S. High-Grade and
U.S. High-Yield Portfolio Trading revenues during the month of
November to City Harvest’s Repack to Give Back program to help feed
New York City families during the holiday season. In addition, the
MarketAxess Charitable Foundation will be City Harvest’s official
2023 Turkey sponsor.
This marks the fifth year that MarketAxess has worked with City
Harvest in New York. Over the years, MarketAxess has helped rescue
and deliver 772,000 lbs. of food in partnership with City Harvest.
As this year’s official Turkey sponsor, the MarketAxess Charitable
Foundation will help to rescue and deliver more than 116,000 lbs.
of food to New Yorkers in need in November alone.
“We are thrilled to kick off our Trading for Turkeys program
with an esteemed partner like City Harvest,” said Kevin McPherson,
Chief Revenue Officer at MarketAxess. “Portfolio Trading is the
perfect avenue to begin this venture as more and more traders look
to PT for its efficiency, integration with CP+™ and full range of
accurate, real-time pricing and analytics. As the official Turkey
sponsor for 2023, we look forward to working with City Harvest to
deliver food to those in need.”
“Three million New Yorkers are struggling to make ends meet, and
the holiday season can be a particularly challenging time for those
experiencing food insecurity,” said Erika Martinez, Associate
Director of Business Partnerships at City Harvest. “We are grateful
to MarketAxess for their partnership, which will allow us to rescue
and deliver food for our neighbors in need this holiday season. We
look forward to many more productive years working together.”
This year’s Trading for Turkeys program will focus on Portfolio
Trading at MarketAxess. The recently updated protocol allows
traders to customize their views and access new and improved
analytics for a seamless execution experience through the next
generation trading platform, MarketAxess X-Pro. In the third
quarter of 2023, Portfolio Trading total volume on MarketAxess was
$27.5 billion, up 11.1% from the third quarter of 2022.
City Harvest is New York’s first and largest food rescue
organization, helping to feed millions of New Yorkers who struggle
to put meals on their tables. The need for food in New York City
continues to outpace pre-pandemic levels. Compared to 2019, average
monthly visits to New York City food pantries and soup kitchens
this year remain up more than 60%. City Harvest programs alone are
seeing nearly one million more visits each month than in 2019. The
number of visits is nearly as high as at any point over the last
three years.
About MarketAxess
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading
platform that delivers greater trading efficiency, a diversified
pool of liquidity and significant cost savings to institutional
investors and broker-dealers across the global fixed-income
markets. Over 2,000 firms leverage MarketAxess’ patented technology
to efficiently trade fixed-income securities. MarketAxess’
award-winning Open Trading® marketplace is widely regarded as the
preferred all-to-all trading solution in the global credit markets.
Founded in 2000, MarketAxess connects a robust network of market
participants through an advanced full trading lifecycle solution
that includes automated trading solutions, intelligent data and
index products and a range of post-trade services. Learn more at
www.marketaxess.com and on Twitter @MarketAxess.
About City Harvest
City Harvest is New York’s first and largest food rescue
organization, collecting perfectly good food that would otherwise
go to waste to help feed the millions of New Yorkers who struggle
to put meals on their tables. In over 40 years serving New Yorkers
experiencing food insecurity, we have rescued more than one billion
pounds of fresh, nutritious food and delivered it—free of charge—to
hundreds of food pantries, soup kitchens, community partners, and
our own Mobile Markets® across the five boroughs. This year, we
will rescue and distribute more than 77 million pounds of
nutritious food to our neighbors in need. By redirecting that food
to families, we will also prevent the equivalent of more than 20
million kilograms of CO2 from entering the atmosphere. Named one of
America's Top 100 Charities by Forbes, City Harvest also works
alongside our community partners to build their capacity, expand
nutrition education, and advocate for systems change through
effective public policy. Since our founding in 1982, City Harvest
has always been there to feed our city—one day, one meal, one New
Yorker at a time. To learn more, please visit cityharvest.org.
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version on businesswire.com: https://www.businesswire.com/news/home/20231030497324/en/
CITY HARVEST DIRECTOR, COMMUNICATIONS Meryl
Rothstein City Harvest mrothstein@cityharvest.org
MARKETAXESS MEDIA RELATIONS Marisha Mistry +1 917
267 1232 mmistry@marketaxess.com
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