MarketAxess Names Chris Concannon as President and Chief Operating Officer
January 07 2019 - 07:59AM
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading
electronic trading platform for fixed-income securities, and the
provider of market data and post-trade services for the global
fixed-income markets, today announced the appointment of Chris
Concannon, a veteran exchange industry executive, as President and
Chief Operating Officer, effective as of January 22, 2019.
In this role, Mr. Concannon will oversee day-to-day operations,
corporate development, long-term technology strategy and global
data strategy, reporting to Rick McVey, Chief Executive Officer of
MarketAxess. He will also join the Board of Directors, with a
particular focus on the Company’s corporate strategy.
“Chris brings a record of thoughtful, successful leadership in
key elements of our expanding growth strategy,” noted Rick McVey,
CEO and Chairman of the Board of Directors of MarketAxess.
“His experience in the global exchange industry, automated trading,
foreign exchange and the ETF market will be highly valuable as we
drive further expansion of Open Trading™, build on our strong
presence in international markets, and continue to deliver
innovative technology solutions to the market.”
Mr. Concannon joins MarketAxess from Cboe Global Markets Inc.
(Cboe), where he served as President and Chief Operating
Officer. He came to the Cboe in 2017 as part of its
acquisition of Bats Global Markets, where he was CEO. Mr. Concannon
was responsible for Cboe’s transaction businesses, including Global
Derivatives, U.S. and European Equities, and Global Foreign
Exchange – as well as overseeing the company’s Technology,
Operations, Risk, and Marketing divisions.
“This is a great opportunity to join a highly successful company
that leads the way in electronic trading in the large and growing
global credit markets,” said Concannon. “Having been an
active participant in the transformational changes of other asset
classes, I’m looking forward to joining Rick and his team as
MarketAxess continues to digitize the credit markets and build on
its record of innovation and growth.”
As CEO of Bats, Mr. Concannon led that company’s initial public
offering in 2016, as well as its acquisition by Cboe in February
2017, creating one of the world’s largest exchange holding
companies. Under his guidance, Bats operated the largest
stock exchange by value traded in Europe, the second-largest stock
exchange in the U.S., and growing exchange-traded products and U.S.
options businesses. Mr. Concannon has more than 20 years of
experience as an executive at Nasdaq, Virtu Financial, Instinet and
as an attorney at Morgan Lewis and Bockius and the Securities and
Exchange Commission. He was also Chairman of the Board of
Cboe Futures Exchange (CFE). He holds a B.A. degree from Catholic
University, an M.B.A. from St. John's University and a J.D. from
Catholic University's Columbus School of Law.
About MarketAxess
MarketAxess operates a leading electronic
trading platform that enables fixed income market participants to
efficiently trade corporate bonds and other types of fixed-income
instruments using MarketAxess' patented trading technology. Over
1,400 institutional investor and broker-dealer firms are active
users of the MarketAxess trading platform, accessing global
liquidity in U.S. high-grade corporate bonds, emerging markets and
high-yield bonds, European bonds, U.S. agency bonds, municipal
bonds, credit default swaps and other fixed-income securities.
MarketAxess also offers a number of trading-related products and
services, including: market data to assist clients with trading
decisions; connectivity solutions that facilitate straight-through
processing; technology services to optimize trading environments;
and execution services for exchange-traded fund managers and other
clients. Through its Trax® division, MarketAxess also offers a
range of pre- and post-trade services, including trade matching,
regulatory reporting and market and reference data, across a range
of fixed-income products. Trax is the trading name of Xtrakter
Ltd., a MarketAxess group company.
MarketAxess maintains its headquarters in New
York and has offices in London, Boston, Chicago, Los Angeles,
Miami, Salt Lake City, San Francisco, São Paulo, Hong Kong and
Singapore. For more information, please visit
www.marketaxess.com.
Investor Relations Contact:Tony
DeLiseMarketAxess Holdings Inc.+1-212-813-6017
Media Relations Contacts:Mary
SedaratMarketAxess Holdings Inc.+1-212-813-6226
William McBrideRF | Binder +1-917-239-6726
MarketAxess (NASDAQ:MKTX)
Historical Stock Chart
From Feb 2024 to Mar 2024
MarketAxess (NASDAQ:MKTX)
Historical Stock Chart
From Mar 2023 to Mar 2024