MarketAxess Names Scott Eaton as COO

MarketAxess Holdings Inc. (Nasdaq:MKTX), an operator of an electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for fixed-income securities, has appointed Scott Eaton as its newest Chief Operating Officer (COO) for MarketAxess Europe Limited and Trax, according to a MarketAxess statement.

In his new role as the COO at MarketAxess, Mr. Eaton will be tasked with managing business operations for Europe, where he will be reporting to Rick McVey, Chief Executive Officer (CEO) of MarketAxess.

Mr. Eaton will culture MarketAxess’ European business, thereby working to continue delivering innovative trading, data and post-trade solutions aimed to help clients meet the challenges of the evolving regulatory landscape.

Mr. Eaton joins MarketAxess having served most recently as the Managing Director, Global Head of Emerging Markets trading at UniCredit Bank in London. Additional stops include senior level roles at Amro, the Royal Bank of Scotland (RBS), and Deutsche Bank.

According to Rick McVey, Chairman and CEO of MarketAxess, in a recent statement on the appointment, "We are very pleased to welcome Scott to MarketAxess at this critical time in the evolution of European capital markets, with the upcoming implementation of MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term/MiFIR. He brings an extensive background in fixed income sales and trading, and this experience will be very valuable as we continue to expand our business in the region during this period of wide-reaching regulatory and market structure changes."

"I am delighted to join MarketAxess at such an important juncture for the fixed income markets. Together, MarketAxess and Trax are uniquely positioned to offer a thoughtful and comprehensive set of solutions that help our clients to trade more efficiently, have access to timely market data tools and effectively manage their operational risk," added Mr. Eaton, in an accompanying statement.