MarketAxess names new president and COO
08 January 2019 New York
Image: Shutterstock
MarketAxess has named Chris Concannon, veteran exchange industry executive, as its president and COO, effective 22 January.
In this role, Concannon will oversee day-to-day operations, corporate development, long-term technology strategy and global data strategy.
He will report to Rick McVey, CEO of MarketAxess, and he will also join the board of directors, with a particular focus on the company’s corporate strategy.
Concannon joins MarketAxess from Cboe Global Markets Inc (Cboe), where he served as president and COO. He came to Cboe in 2017 as part of its acquisition of Bats Global Markets, where he was CEO.
At Cboe, Concannon was responsible for their transaction business, including global derivatives, US and European equities, and global foreign exchange.
Meanwhile, as CEO of Bats, Concannon led the company’s initial public offering in 2016, as well as its acquisition by Cboe in February 2017.
McVey commented: “Concannon brings a record of thoughtful, successful leadership in key elements of our expanding growth strategy.”
“His experience in the global exchange industry, automated trading, foreign exchange and the exchange-traded funds market will be highly valuable as we drive further expansion of Open Trading, build on our strong presence in international markets, and continue to deliver innovative technology solutions to the market.”
Commenting on his appointment, Concannon said: “This is a great opportunity to join a highly successful company that leads the way in electronic trading in the large and growing global credit markets.”
“Having been an active participant in the transformational changes of other asset classes, I’m looking forward to joining McVey and his team as MarketAxess continues to digitise the credit markets and build on its record of innovation and growth.”
In this role, Concannon will oversee day-to-day operations, corporate development, long-term technology strategy and global data strategy.
He will report to Rick McVey, CEO of MarketAxess, and he will also join the board of directors, with a particular focus on the company’s corporate strategy.
Concannon joins MarketAxess from Cboe Global Markets Inc (Cboe), where he served as president and COO. He came to Cboe in 2017 as part of its acquisition of Bats Global Markets, where he was CEO.
At Cboe, Concannon was responsible for their transaction business, including global derivatives, US and European equities, and global foreign exchange.
Meanwhile, as CEO of Bats, Concannon led the company’s initial public offering in 2016, as well as its acquisition by Cboe in February 2017.
McVey commented: “Concannon brings a record of thoughtful, successful leadership in key elements of our expanding growth strategy.”
“His experience in the global exchange industry, automated trading, foreign exchange and the exchange-traded funds market will be highly valuable as we drive further expansion of Open Trading, build on our strong presence in international markets, and continue to deliver innovative technology solutions to the market.”
Commenting on his appointment, Concannon said: “This is a great opportunity to join a highly successful company that leads the way in electronic trading in the large and growing global credit markets.”
“Having been an active participant in the transformational changes of other asset classes, I’m looking forward to joining McVey and his team as MarketAxess continues to digitise the credit markets and build on its record of innovation and growth.”
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