Case Study: MarketAxess achieves 97% faster reconciliation with Xceptor

Xceptor delivers 97% reduction in reconciliation time for MarketAxess

MarketAxess, a leading electronic trading platform for global fixed-income markets, was struggling with manual reconciliation workflows built around Excel spreadsheets and vendor-dependent software changes. With reconciliations sometimes involving up to 15 million rows of data, the company needed a faster, more flexible way to process data and manage three-way reconciliations, leading them to evaluate Xceptor Reconciliations.

Xceptor implemented a scalable SaaS reconciliation platform that automatically ingests data from any source, supports multiple reconciliation types, and lets MarketAxess teams build and test rules independently. The results were significant: large reconciliations now finish in as little as 15 minutes, a 97% reduction in processing time, and the cloud environment was deployed in just 30 minutes, improving efficiency, visibility, and auditability across the business.

MarketAxess

Robert Scott

Senior Change Management Associate