Financial and Business News

MarketAxess Taps Veteran Technologist William Quan as Chief Technology Officer

Wednesday, 25/02/2026 | 14:12 GMT by Jared Kirui
  • Quan has over two decades of experience in technology leadership at firms including AWS, J.P. Morgan, and Deutsche Bank.
  • MarketAxess recently achieved record trading volumes, with total platform average daily volume up 23% year-over-year.
William Quan

MarketAxess has appointed William Quan as its new Chief Technology Officer. He will oversee the trading platform’s global technology operations and lead efforts to expand the use of AI, data analytics, and platform modernization across the platform’s electronic trading business.

Focus on Technology and AI Integration

In his new role, Quan will report to Dean Berry, Chief Operating Officer of MarketAxess, and serve on the company’s Executive Committee. His responsibilities include developing systems and embedding artificial intelligence into the firm’s products and workflows.

“William brings deep technical expertise and a strong execution mindset that will help us accelerate platform modernization and more deeply embed AI and advanced analytics across our products,” Berry said.

Read more: Zarvista Capital Markets Appoints Mohammed El Alaoui Essosse as CEO

Quan has more than 20 years of experience leading technology and digital transformation across financial and platform businesses. He previously served as CTO at Fleete Group, a Macquarie Asset Management portfolio company, where he oversaw the creation of an AI-enabled SaaS platform.

Earlier in his career, he held leadership roles at Amazon Web Services, J.P. Morgan, and Deutsche Bank, focusing on electronic trading and digital platform innovation.

Institutional Demand and Rising Volumes

Early this year, Tradeweb Markets and MarketAxess saw record trading activity in January as institutional trading picked up across rates and credit. Tradeweb handled total trading volume of 65.5 trillion dollars for the month, with average daily volume of 3.1 trillion dollars, up 26.2% from a year earlier.

On the other hand, MarketAxess reported record average daily volume of 18.6 billion dollars in total credit, a 28% increase from January 2025, while its rates business grew 19%, pushing total platform average daily volume to 47.7 billion dollars, up 23% year-over-year.

Credit markets drove much of the growth for both platforms. MarketAxess’ emerging markets credit activity was especially strong, with average daily volume rising 50% to a record 5.5 billion dollars, almost 30% above its previous monthly peak.

MarketAxess has appointed William Quan as its new Chief Technology Officer. He will oversee the trading platform’s global technology operations and lead efforts to expand the use of AI, data analytics, and platform modernization across the platform’s electronic trading business.

Focus on Technology and AI Integration

In his new role, Quan will report to Dean Berry, Chief Operating Officer of MarketAxess, and serve on the company’s Executive Committee. His responsibilities include developing systems and embedding artificial intelligence into the firm’s products and workflows.

“William brings deep technical expertise and a strong execution mindset that will help us accelerate platform modernization and more deeply embed AI and advanced analytics across our products,” Berry said.

Read more: Zarvista Capital Markets Appoints Mohammed El Alaoui Essosse as CEO

Quan has more than 20 years of experience leading technology and digital transformation across financial and platform businesses. He previously served as CTO at Fleete Group, a Macquarie Asset Management portfolio company, where he oversaw the creation of an AI-enabled SaaS platform.

Earlier in his career, he held leadership roles at Amazon Web Services, J.P. Morgan, and Deutsche Bank, focusing on electronic trading and digital platform innovation.

Institutional Demand and Rising Volumes

Early this year, Tradeweb Markets and MarketAxess saw record trading activity in January as institutional trading picked up across rates and credit. Tradeweb handled total trading volume of 65.5 trillion dollars for the month, with average daily volume of 3.1 trillion dollars, up 26.2% from a year earlier.

On the other hand, MarketAxess reported record average daily volume of 18.6 billion dollars in total credit, a 28% increase from January 2025, while its rates business grew 19%, pushing total platform average daily volume to 47.7 billion dollars, up 23% year-over-year.

Credit markets drove much of the growth for both platforms. MarketAxess’ emerging markets credit activity was especially strong, with average daily volume rising 50% to a record 5.5 billion dollars, almost 30% above its previous monthly peak.

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marketaxess
About the Author: Jared Kirui
Jared Kirui
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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