Michael Baker Joins MarketAxess as Chief Technology Officer
April 29 2019 - 9:30AM
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 Michael
Baker as Chief Technology Officer (CTO), effective as of
today.
In his role, Mr. Baker will have global
responsibility for all software development, which will include
strategy, architecture, development and deployment of our trading
system, with a particular focus on MarketAxess’ next
generation technology solutions. This includes continuing to build
innovative trading solutions, as well as supporting the firm’s
internal architecture. Mr. Baker will report to Nick
Themelis, Chief Information Officer.
“Mike’s experience at both investor and
market-making firms make him ideally suited to help support our
global institutional buy- and sell-side client base,” said Nick
Themelis. “His knowledge gained from his more recent work on cloud
computing will be a valuable contribution to MarketAxess’
development process.”
Mr. Baker joins MarketAxess from Fidelity
Investments, where he served as the Head of Enterprise Cloud
Computing. He was responsible for Fidelity’s digital and agile
transformation to the cloud, allowing the firm to leverage the
cloud for innovation, increase velocity and reduce costs. Mr. Baker
also supported the development of cloud security, governance and
operations, delivering over one hundred business applications
across all of Fidelity’s business units.
“I’m thrilled to be joining a firm with such a
solid track record of technological innovation,” noted Mr. Baker.
“MarketAxess is at the meeting point of the entire fixed income
market, supporting the needs of all participants across the trading
lifecycle. The technology that MarketAxess is developing is
driving greater efficiency and automation in fixed income and I’m
looking forward to being a part of that evolution.”
Prior to Fidelity, Mr. Baker was the Managing
Director, Head of High Frequency Trading and Asset Management
Infrastructure and Engineering for Citadel Investment Group.
While at Citadel, he led the Engineering Department, responsible
for assessing and deploying new technology, ultimately helping the
firm integrate industry recognized high-frequency market-making
technology. He began his career with Salomon Brothers in New York
as a Software Engineer.
About MarketAxess
MarketAxess operates a leading, institutional
electronic trading platform delivering expanded liquidity
opportunities, improved execution quality and significant cost
savings across global fixed-income markets. More than 1,500
firms - comprising the world’s leading asset managers and
institutional broker-dealers - traded a record $1.7 trillion of
U.S. investment-grade bonds, U.S. high yield bonds, emerging market
debt, Eurobonds and other fixed income securities through
MarketAxess’ patented trading technology in 2018.
MarketAxess’ award-winning Open Trading™ marketplace is regarded as
the preferred all-to-all trading solution in the global credit
markets, creating a unique liquidity pool for the broad range of
credit market participants. Drawing on its deep data and
analytical resources, MarketAxess enables automated trading
solutions and, through its Trax® division, provides a range of pre-
and post-trade services and products.
MarketAxess is headquartered in New York and has
offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami,
Salt Lake City, San Francisco, São Paulo, Hong Kong and Singapore.
For more information, please visit www.marketaxess.com
Media Relations Contacts:Kyle White (New York)
+1 212 813 6355 kwhite@marketaxess.com
Toby West (London)+44 (0) 207 709 3270twest@marketaxess.com
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