MarketAxess Announces Leadership Transition

Strategic Insights -

MarketAxess, a leading electronic trading platform for fixed-income securities, is undergoing a leadership transition. As of April 3, 2023, Richard M. McVey will become Executive Chairman, and Chris Concannon will take over as the new Chief Executive Officer. McVey has led the company since its founding in 2000, and Concannon has been instrumental in introducing new trading protocols, expanding automated trading, and deepening the company's capabilities in data analytics. The leadership team is resolute in its focus on the company's growth potential in the years ahead.

Key Takeaways:

  • Richard M. McVey will transition to Executive Chairman on April 3, 2023, while Chris Concannon will become the new Chief Executive Officer.
  • Concannon has over 20 years of experience in the industry, having served as President and Chief Operating Officer of Cboe Global Markets, Inc. and Chief Executive Officer of Bats since 2015.
  • MarketAxess' growth potential is promising, with the company well-positioned to capitalize on the increasing adoption of technology in fixed-income markets.
  • Concannon is committed to delivering value to MarketAxess' shareholders and clients, leveraging the company's capacity to respond to market trends and technological advancements.
  • The leadership team is confident in MarketAxess' ability to maintain its position as a leading player in the electronic trading platform for fixed-income securities.

Statistics:

  • Over 1,900 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.
  • MarketAxess was founded in 2000 and has since grown to become a leading provider of market data and post-trade services for the global fixed-income markets.
  • Concannon has more than 5 years of experience as CEO of Bats and has held leadership positions in several prominent financial institutions.

Sources:

  • BusinessWire.com
  • MarketAxess' press release dated January 9, 2023
  • MarketAxess' website, www.marketaxess.com
  • MarketAxess' Twitter profile, @MarketAxess