MarketAxess, a U.S. and European fixed-income electronic trading platform, has made an initial foray into U.S. nonagency residential and commercial mortgage-backed securities markets that appears to be drawing some interest.

"We are seeing inquiry on a daily basis," Lou Violante, structured products manager at Market Axess, told this publication, when asked how the nonagency RMBS/CMBS offering that was launched roughly a week ago is faring.

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