Complete the migration of Mid-X to Pragma technology
Delivered by the deadline
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 6 Feb 2025
- Due
- 31 Dec 2025
- Delivered
- September 2025
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“we expect to complete the integration of Dealer RFQ on X-Pro and the migration of Mid-X to Pragma technology in the second half of 2025”
What we found
Evidence strength A What the grades mean
MarketAxess launched the enhanced Mid-X protocol in US credit in September 2025, within the announced second-half-2025 window, with volumes scaling through December 2025.
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A MarketAxess Reports Fourth Quarter and Full Year 2024 Financial Results Original commitment: complete Mid-X to Pragma migration in H2 2025.
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B MarketAxess Announces the Launch of Mid-X in US Credit Announces enhanced Mid-X protocol launching September 2025 for US IG/HY bonds.
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B MarketAxess Reports Fourth Quarter and Full Year 2025 Financial Results Confirms Mid-X protocol launch in September 2025 and volume growth through Q4 2025.
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D MarketAxess Announces Trading Volume Statistics for December and Fourth Quarter 2025 Mid-X in U.S. credit surpassed $3.0 billion in trading volume by December 2025.
Checked 15 Sep 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Product other
- Indicative materiality
- Low rules
- Action
- Complete
- Language
- Expected (“expects”, “plans”)
How this entry was checked
- Commitment recordedRecorded from the company's filing.
- First checkAn AI model read the company's later filings and recorded the outcome with a quoted passage.
- Second check: disagreesGemini (Google) re-read the evidence blind and read it as “no_evidence”.
- Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the second check.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
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Report an error in this entry Reference: KI-C-2025-MKTX-000313 · Corrections policy