LONDON, June 1, 2015 (GLOBE NEWSWIRE) -- 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, announces the appointment* of Scott Eaton as Chief Operating Officer for MarketAxess Europe Limited and Trax®.
In this role, Mr. Eaton will oversee business operations for Europe, reporting to Rick McVey, Chief Executive Officer of MarketAxess. Mr. Eaton's focus will be on further growing the European business, by working with the MarketAxess and Trax teams to continue delivering innovative trading, data and post-trade solutions that help clients meet the challenges of the evolving regulatory landscape.
Mr. Eaton was most recently Managing Director, Global Head of Emerging Markets trading, with UniCredit Bank in London. Prior to this, Mr. Eaton held various Managing Director-level roles with firms including ABN Amro, the Royal Bank of Scotland and Deutsche Bank. Mr. Eaton received his Juris Doctor from Georgetown University in Washington, DC and an advanced degree from Colorado College.
Rick McVey, Chairman and CEO of MarketAxess, said: "We are very pleased to welcome Scott to MarketAxess at this critical time in the evolution of European capital markets, with the upcoming implementation of MIFID II/MiFIR. He brings an extensive background in fixed income sales and trading, and this experience will be very valuable as we continue to expand our business in the region during this period of wide-reaching regulatory and market structure changes."
Scott Eaton, Chief Operating Officer, added: "I am delighted to join MarketAxess at such an important juncture for the fixed income markets. Together, MarketAxess and Trax are uniquely positioned to offer a thoughtful and comprehensive set of solutions that help our clients to trade more efficiently, have access to timely market data tools and effectively manage their operational risk."
*Subject to approval from the Financial Conduct Authority.
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 1,000 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, credit default swaps and other fixed-income securities. MarketAxess SEF Corporation has received temporary registration from the U.S. Commodity Futures Trading Commission to operate a swap execution facility. 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® subsidiary, MarketAxess also offers a range of pre- and post-trade services, including trade matching, regulatory transaction reporting and market and reference data, across a range of fixed-income products.
MarketAxess maintains its headquarters in New York and has offices in London, Boston, Chicago, Los Angeles, Salt Lake City, São Paulo and Singapore. For more information, please visit www.marketaxess.com.
Trax is a leading provider of capital market data, trade matching and regulatory reporting services to the global securities market. In 2014 Trax processed 1.1 billion of transactions on behalf of its user community. Trax provides capital market firms with information to assist them in conducting net asset valuations, mark-to-market calculations, fixed-income portfolio mapping, liquidity and volume modelling, as well as reference data population updates. It also provides a wide range of pricing data for approximately 74,000 unique bonds, volume data on over 53,000 individual bonds as well as securities reference data for over 310,000 government bonds, corporate bonds, medium-term notes and private derivative issues.
Trax is based in London and was originally established in 1985. Acquired by MarketAxess in 2013, Trax is a trading name of Xtrakter Ltd. and is a wholly owned subsidiary of MarketAxess Holdings, Inc. For more information, please visit www.traxmarkets.com.
Source:MarketAxess Holdings Inc.