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8-K - FORM 8-K - MARKETAXESS HOLDINGS INC | y83996e8vk.htm |
Exhibit 99.1
SHARON BROWN-HRUSKA JOINS MARKETAXESS BOARD OF DIRECTORS
NEW YORK, April 22, 2010 MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading
electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets
bonds and other types of fixed-income securities, today announced that Dr. Sharon Brown-Hruska,
a former Commissioner of the Commodity Futures Trading Commission, has joined the Companys
Board of Directors effective April 21.
Sharons experience and expertise in financial market regulation and derivatives will be
invaluable to the MarketAxess board as we prepare for the many regulatory changes coming to our
markets, said Richard M. McVey, MarketAxess Chairman and Chief Executive Officer. Her advice
has been widely sought after by both government entities and corporations as they seek to make
sound decisions in complex financial markets.
Dr. Brown-Hruska served as Commissioner (2002-2006) and Acting Chairman (2004-2005) of the U.S.
Commodity Futures Trading Commission (CFTC), and also as Chairman of the CFTCs Technology
Advisory Committee and as a member of the Presidents Working Group on Financial Markets. She
is currently a Vice President in the Securities and Finance Practice of NERA Economic
Consulting, a leading global provider of economic advice and analysis in business, legal and
regulatory matters.
Dr. Brown-Hruska has advised exchanges, businesses and governments on regulation and compliance
issues, and has addressed numerous governmental and financial organizations, including U.S.
House and Senate committees, the International Monetary Fund, and the International Organization
of Securities Commissioners. She has spoken on the regulation of derivatives, including credit
default swaps, to the Managed Funds Association, Futures Industry Association, and the
International Swaps and Derivatives Association, among other financial industry associations.
Before her public service, Dr. Brown-Hruska was an Assistant Professor of Finance at George
Mason University and at Tulane University. She holds a PhD and M.A. in Economics and a B.A. in
Economics and International Studies from Virginia Polytechnic Institute and State University.
MarketAxess has played a leading role in the development of electronic markets, establishing a
record of innovations benefiting market participants, said Dr. Brown-Hruska. MarketAxess has
exciting opportunities to capitalize on the trends reshaping todays market and to create value
for its clients and shareholders.
The addition of Dr. Brown-Hruska brings the number of directors on the MarketAxess board to 12,
nine of whom, including Dr. Brown-Hruska, are independent, as defined within the meaning of
NASDAQ listing standards. Additional information about MarketAxess Board of Directors and
management team may be found on the Companys website at www.marketaxess.com
About MarketAxess
MarketAxess operates a leading electronic trading platform that enables investment industry
professionals to efficiently trade corporate bonds and other types of fixed-income instruments.
MarketAxess patented trading technology allows institutional investor clients to request
competitive, executable bids or offers from multiple broker-dealers simultaneously, and to
execute trades with the broker-dealer of their choice. Approximately 730 institutional
investors are active users of the MarketAxess trading platform, accessing
the global liquidity
provided by MarketAxess 67 broker-dealer clients in U.S. high-grade corporate bonds, European
bonds, high yield and emerging markets bonds, agency bonds and credit default swaps.
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.
MarketAxess maintains its headquarters in New York and has offices in London, Chicago and Salt
Lake City. For more information, please visit www.marketaxess.com
# # #
Media Relations Contacts:
Trey Gregory
MarketAxess Holdings Inc.
+1-212-813-6382
MarketAxess Holdings Inc.
+1-212-813-6382
William McBride
Kreab Gavin Anderson
+1-212-515-1970
Kreab Gavin Anderson
+1-212-515-1970