Richard Prager Elected to MarketAxess Board of Directors
July 17 2019 - 8:00AM
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 election of Richard
Prager to the Board of Directors, effective July 16, 2019.
Mr. Prager is a former Senior Managing Director of BlackRock and
served on the firm’s Global Executive Committee. In that role, he
led the firm’s global trading, liquidity and securities lending
teams and played a leadership role in managing BlackRock’s global
investment platform for both active portfolios and the iShares ETF
business. He retired from BlackRock on July 1, 2019.
“Richie is well known for his industry leadership in developing
and supporting innovative liquidity solutions in the global fixed
income markets,” said Rick McVey, MarketAxess Chairman and
CEO. “Few people in our industry have his breadth of
knowledge and experience in the entire front to back trading
lifecycle. He is passionate about technology solutions to
improve efficiency in fixed income trading and
settlements. Our company will benefit greatly from his
perspective and expertise as we continue to invest in the next
generation of electronic trading capabilities and expand our global
presence.”
Mr. Prager previously held a number of senior leadership
positions within BlackRock, spearheading key initiatives to enhance
risk management practices and improve investment performance.
Before joining BlackRock in 2009, Mr. Prager worked for Bank of
America in several senior management roles, including Global Head
of Rates, Currencies and Commodities.
In 2017, Institutional Investor credited Prager with having “an
industrywide impact by articulating concerns about tight liquidity
and encouraging buy-side-driven solutions.” The publication cited
BlackRock’s collaboration in the development of Open Trading™, the
MarketAxess protocol that has become the preferred all-to-all
trading solution in global credit markets.
“MarketAxess has been an important catalyst in the accelerating
transformation of global fixed income markets,” noted Mr.
Prager. “Joining Rick and the rest of the MarketAxess board
is an exciting opportunity to continue my engagement in addressing
the ways that technology can strengthen market structure,
delivering substantial value to market participants through
increased efficiency and access to liquidity.”
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.
Investor Relations Contact: David CresciMarketAxess Holdings
Inc. +1-212-813-6027
Media Relations Contact: Mary Sedarat MarketAxess Holdings
Inc.+1-212-813-6226
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