DGAP-News: MarketAxess Holdings, Inc. /
Trax(R) Expands European Management Team With Senior Hires

28.04.2014 / 09:00

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New Brand Identity for Trax Data and Post-Trade Services to be Launched at
First European Capital Markets Forum 

LONDON, 2014-04-28 09:00 CEST (GLOBE NEWSWIRE) --
Trax(r), a leading provider of regulatory transaction reporting, financial
market 
data and trade matching services to the European securities markets, and a
wholly owned subsidiary of MarketAxess Holdings Inc. (Nasdaq:MKTX), announces
the appointment of Chris Smith as Head of Post-Trade Services, and Kevin Swann,
as Head of Data as it continues to strengthen its management team and expand
its suite of data and post-trade services. 

Chris Smith brings over 30 years of financial markets experience and joins Trax
from NYSE Euronext where he was responsible for the firm's commercial market
program. Prior to NYSE, Mr. Smith was at NYFIX, and previously he was
responsible for European post-trade STP services at Tradeweb. He has also held
senior post-trade roles at Fidelity Investments and Thomson Financial ESG (now
Omgeo). As Head of Post-Trade Services for Trax, he is responsible for the
expansion and strategic direction of the firm's post-trade solutions. 

Kevin Swann joins Trax from Thomson Reuters where he was head of third party
broker data. Previously he held senior roles at DirectFN, Tradeweb and
Bloomberg. With over 25 years of market data experience, Mr. Swann is
responsible for the development and commercial direction of Trax data products. 

In addition, on Thursday 1 May, 2014, Trax will present its new brand identity
at the first European Capital Markets Forum, jointly hosted by MarketAxess and
Trax, at the Andaz hotel, London. Trax has been known as Xtrakter for the past
several years. The rebrand now consolidates Trax's full suite of products and
services under a new visual identity. 

Rick McVey, Chief Executive Officer of MarketAxess Holdings Inc., said: 'Since
MarketAxess' acquisition of Xtrakter last year, we have been focused on
strengthening our European offering to provide a comprehensive suite of
solutions for trade execution, market and reference data, and post-trade
services. We are very pleased to add Chris and Kevin to the European management
team, reinforcing our ongoing investment in the region. Their extensive
experience and valuable insights will help drive the continued development of
innovative data and post-trade solutions for our clients under the
reinvigorated Trax brand.' 

Chris Smith, Head of Post-Trade Services, Trax, added: 'Trax has been a leader
in trade matching and regulatory reporting for over 25 years and with the raft
of incoming regulations, market participants are looking for robust post-trade
solutions now more than ever. With products like Trax Match, Trax Report and
the encouraging recent growth of our Trax Match Repo service, particularly with
buy side firms, we are truly helping our clients streamline their processes,
manage counterparty and credit risk, and ensure regulatory compliance.' 

Kevin Swann, Head of Data, Trax, said: 'I am delighted to join the team at
Trax. Trax data products provide market participants with unique market
insights to make better informed trading and investment decisions. By
developing thoughtful and creative data solutions, we believe we can help our
clients increase efficiencies and drive market liquidity as the industry
prepares for the extensive incoming regulations in Europe.' 

About the European Capital Markets Forum

The first European Capital Markets Forum, jointly hosted by MarketAxess and
Trax, will take place at the Andaz Hotel, Liverpool Street, London on Thursday
1 May, from 12pm - 5.15pm. 

The keynote speech at the conference will be given by Sharon Bowles MEP, Chair
of the European Parliament's ECON Committee. Panel sessions will address the
most pressing challenges being faced by European capital markets: regulation
and changes to market structure; transparency and its effects on liquidity;
preparation ahead of T+2; trade reporting under EMIR and MiFID II/MiFIR and the
market impact of MiFID II/MiFIR on trade execution. 

For more information about the conference please visit www.eucm-forum.com

About Trax(r)

Trax is a leading provider of capital market data, trade matching and
regulatory reporting services to the global securities market.  In 2013 Trax
processed 1.12 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 69,000 unique
bonds, volume data on over 50,000 individual bonds as well as securities
reference data for over 300,000 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. 

About MarketAxess Holdings Inc.

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 Xtrakter
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, Sao Paulo and Singapore. For more
information, please visit www.marketaxess.com 


         MEDIA CONTACTS:
         MarketAxess Holdings Inc.
         Kyle White
         +44 (0)20 7709 3219
         kwhite@marketaxess.com
         
         Cognito
         Paul Bowhay/Christopher Faimali
         +44 (0)20 7426 9400
         marketaxess@cognitomedia.com
News Source: NASDAQ OMX


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Language:    English                     
Company:     MarketAxess Holdings, Inc.  
 
 
             United States               
 
 
End of News    DGAP News-Service  
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264920 28.04.2014