MarketAxess Holdings Inc. will expand its portfolio of traded products and open itself to more competitors with the recently announced $150 million acquisition of LiquidityEdge, a marketplace for U.S. Treasury trading. Already an operator of an electronic platform for trading fixed income securities, MarketAxess is purchasing LiquidityEdge via $100 million in cash and $50 million… Read More >>
Executive Shuffles Underway at Cboe & MarketAxess
Executive shuffles are underway for Cboe Global Markets, a holding company for some of the industry’s largest exchanges, and MarketAxess Holdings, which operates an electronic trading platform for fixed-income securities. In a major announcement, Cboe officials revealed that industry veteran Chris Concannon will be leaving his post as president and chief operating officer (COO), effective… Read More >>
Bats Exchange to Acquire Pioneering SEF
A pioneer in the push for swap execution facilities (SEFs), the Javelin SEF will likely become part of Bats Global Markets, according to an acquisition plan recently announced by Bats officials. Bats officials decline to reveal the financial details of the acquisition but say that the “deal is intended to accelerate Bats’ plans to offer… Read More >>
