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Dan Burke Joins MarketAxess as Global Head of Emerging Markets

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MarketAxess Holdings Inc. (Nasdaq: MKTX) announced the appointment of Dan Burke as Global Head of Emerging Markets, responsible for developing and executing business strategy for EM trading. Burke, with extensive experience in Emerging Markets, joins from Standard Chartered where he played a key role in automating credit offerings. MarketAxess aims to enhance liquidity and efficiency internationally under Burke's leadership. Recent investments in EM trading solutions led to a record average daily volume of $3.6 billion in Q1 2024, with Latin America and Asia-Pacific clients contributing significantly to the growth.

MarketAxess Holdings Inc. (Nasdaq: MKTX) ha annunciato la nomina di Dan Burke a Capo Globale dei Mercati Emergenti, incaricato di sviluppare ed eseguire la strategia commerciale per il trading nei mercati emergenti. Burke, con una vasta esperienza nei mercati emergenti, arriva dalla Standard Chartered dove ha avuto un ruolo chiave nell'automazione delle offerte di credito. MarketAxess mira a migliorare la liquidità e l'efficienza a livello internazionale sotto la guida di Burke. Recenti investimenti in soluzioni di trading per i mercati emergenti hanno portato a un volume medio giornaliero record di 3,6 miliardi di dollari nel primo trimestre del 2024, con clienti dell'America Latina e dell'Asia-Pacifico che hanno contribuito significativamente alla crescita.
MarketAxess Holdings Inc. (Nasdaq: MKTX) anunció el nombramiento de Dan Burke como Jefe Global de Mercados Emergentes, responsable de desarrollar y ejecutar la estrategia de negocio para el comercio en mercados emergentes. Burke, con amplia experiencia en mercados emergentes, se une desde Standard Chartered donde desempeñó un papel clave en la automatización de las ofertas de crédito. MarketAxess busca mejorar la liquidez y la eficiencia a nivel internacional bajo el liderazgo de Burke. Las recientes inversiones en soluciones de comercio para mercados emergentes resultaron en un volumen promedio diario récord de $3.6 mil millones en el primer trimestre de 2024, con clientes de América Latina y Asia-Pacífico contribuyendo significativamente al crecimiento.
MarketAxess Holdings Inc. (Nasdaq: MKTX)는 신흥 시장의 글로벌 헤드로 Dan Burke를 임명했다고 발표했습니다. 신흥 시장에 대한 광범위한 경험을 가진 Burke는 신용 제안 자동화에서 핵심 역할을 한 스탠다드 차타드에서 합류했습니다. MarketAxess는 Burke의 리더십 하에 국제적인 유동성과 효율성을 향상시키기를 목표로 하고 있습니다. 신흥 시장 거래 솔루션에 대한 최근 투자는 2024년 1분기에 하루 평균 거래량이 36억 달러로 기록적인 수치에 이르렀으며, 이는 라틴 아메리카와 아시아 태평양의 고객들이 크게 기여한 결과입니다.
MarketAxess Holdings Inc. (Nasdaq: MKTX) a annoncé la nomination de Dan Burke comme chef mondial des marchés émergents, chargé de développer et de mettre en œuvre la stratégie commerciale pour le trading sur ces marchés. Burke, possédant une vaste expérience des marchés émergents, rejoint l'entreprise depuis Standard Chartered où il a joué un rôle clé dans l'automatisation des offres de crédit. MarketAxess vise à améliorer la liquidité et l'efficacité à l'échelle internationale sous la direction de Burke. Les récents investissements dans des solutions de trading pour les marchés émergents ont conduit à un volume moyen quotidien record de 3,6 milliards de dollars au premier trimestre 2024, avec une contribution significative des clients d'Amérique Latine et d'Asie-Pacifique à la croissance.
MarketAxess Holdings Inc. (Nasdaq: MKTX) hat die Ernennung von Dan Burke zum Globalen Leiter für Schwellenmärkte bekannt gegeben, der verantwortlich für die Entwicklung und Umsetzung der Geschäftsstrategie für den Handel in Schwellenmärkten ist. Burke, der über umfangreiche Erfahrung in Schwellenmärkten verfügt, wechselt von der Standard Chartered, wo er eine Schlüsselrolle bei der Automatisierung des Kreditangebots spielte. MarketAxess zielt darauf ab, die Liquidität und Effizienz international unter Burkes Leitung zu verbessern. Jüngste Investitionen in Handelslösungen für Schwellenmärkte führten zu einem Rekordtagesdurchschnittsvolumen von 3,6 Milliarden Dollar im ersten Quartal 2024, wobei Kunden aus Lateinamerika und dem asiatisch-pazifischen Raum erheblich zum Wachstum beigetragen haben.
Positive
  • Dan Burke's appointment as Global Head of Emerging Markets brings valuable expertise and a dealer perspective to MarketAxess, enhancing the company's position in the EM trading business.

  • MarketAxess reported a record EM average daily volume of $3.6 billion in the first quarter of 2024, reflecting a significant increase in trading activity, especially from Latin America and Asia-Pacific clients.

Negative
  • Potential challenges could arise from the need to sustain the growth in Emerging Markets trading and deliver on the expectations for enhanced liquidity and efficiency under Burke's leadership.

NEW YORK & LONDON--(BUSINESS WIRE)-- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the appointment of Dan Burke as Global Head of Emerging Markets (EM).

As Global Head of EM, Mr. Burke will be responsible for the development and execution of business strategy for the EM business in both hard currency and local markets. He will lead business and product management expansion of the company’s EM trading business across geographies and products.

Raj Paranandi, Chief Operating Officer, EMEA & APAC at MarketAxess, commented, “Dan brings a wealth of Emerging Markets experience and a valuable dealer perspective to MarketAxess at a time when adoption of and appetite for electronification of the asset class has grown significantly. There is still much more that MarketAxess can and will do to drive greater liquidity and efficiency for both investors and dealers internationally. I look forward to watching this area grow under Dan’s leadership.”

Mr. Burke most recently served as Managing Director at Standard Chartered in Singapore and London in his role as Global Head of Electronic and Algo Trading. During his time there, he played a strategic role in the automation of the firm’s credit offering and entry into algorithmic market making and portfolio trading. Prior to joining Standard Chartered, Mr. Burke held several senior credit trading roles at Deutsche Bank in Singapore and Bank of America Merrill Lynch in Tokyo and Hong Kong.

“I’m delighted to be joining MarketAxess, a leading solution for Emerging Markets trading, and a platform that I have been a client of for over 20 years. MarketAxess is well positioned to accelerate the delivery of innovative solutions in Emerging Markets globally, and I look forward to partnering with all market participants to take our offering to the next level,” said Mr. Burke.

Mr. Burke is based in London and reports to Raj Paranandi.

The MarketAxess EM trading solution serves over 1,600 market participants in over 120 countries. Recent investments include the expansion of Open Trading for Emerging Markets local currency bonds, growth of Request-for-Market to support larger EM trades, and new country-specific protocols like Casada in Brazil. MarketAxess reported record EM average daily volume of $3.6 billion, up 17.3%, in the first quarter of 2024. Latin America and Asia-Pacific clients generated record levels of average daily volume in the quarter, up 11.1% and 54.8%, respectively. MarketAxess was also recognized as “Best Secondary Market Trading Platform” by Global Capital at their 2023 Bond Awards.

About MarketAxess

MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Over 2,000 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities. MarketAxess’ award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.

INVESTOR RELATIONS

Stephen Davidson

MarketAxess Holdings Inc.

+1 212 813 6313

sdavidson2@marketaxess.com

MEDIA RELATIONS

Marisha Mistry

MarketAxess Holdings Inc.

+1 917 267 1232

mmistry@marketaxess.com

Source: MarketAxess Holdings Inc.

FAQ

Who is the new Global Head of Emerging Markets at MarketAxess?

The new Global Head of Emerging Markets at MarketAxess is Dan Burke.

What was the recent record average daily volume reported by MarketAxess in Emerging Markets?

MarketAxess reported a record average daily volume of $3.6 billion in the first quarter of 2024 in Emerging Markets.

Which regions contributed significantly to the growth in trading activity for MarketAxess?

Latin America and Asia-Pacific clients contributed significantly to the growth in trading activity for MarketAxess.

What award did MarketAxess receive in 2023 for its trading platform?

MarketAxess was awarded 'Best Secondary Market Trading Platform' by Global Capital at their 2023 Bond Awards.

MarketAxess Holdings Inc.

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About MKTX

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 1,300 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, leveraged loans, european bonds, u.s. agency bonds, municipal bonds, credit default swaps and other fixed-income securities. our "all-to-all"​ market for corporate bonds, open trading™, allows investment managers, broker-dealers at investment banks and other market participants to trade directly with one another electronically on an anonymous basis. 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 proc