Mark Durrant has announced his transition to Advertrader via LinkedIn, assuming the role of the company's new Chief Revenue Officer. Advertrader is a technology platform that specializes in sourcing qualified leads for media sales teams globally.

Advertrader Welcomes the New CRO

Durrant brings a wealth of experience to the new role, having spent 24 years in various roles, notably at Bloomberg. His tenure at Bloomberg includes positions, such as Senior Client Partner for EMEA, where he specialized in the Financial, Brokerage, and Auto sectors. Prior to this, Durrant served as the Global Territory Manager for Brokerages and as an EMEA Account Director.

His extensive background encompasses leadership roles as the Head of Sales for Bloomberg Television across Europe, the Middle East, and Africa. Before Bloomberg, Durrant held positions as a Radio Sales Executive at Emap and an Advertising Executive at Jazz FM London. His diverse experience positions him well to drive revenue growth at Advertrader as its new Chief Revenue Officer.

"Exciting news! I am joining Advertrader as the new Chief Revenue Officer! Advertrader is a technology platform focusing on sourcing qualified leads for media sales teams worldwide," Durrant shared in the post.

Bloomberg, MarketAxess, and Tradeweb Withdraw from CTP Venture

Bloomberg, MarketAxess, and Tradeweb have decided to withdraw from their joint initiative to establish an independent entity as the fixed-income consolidated tape provider (CTP) in the European Union (EU) and the United Kingdom (UK), as reported by Finance Magnates. The decision was made amidst increasing complexities and uncertainties surrounding the venture, as stated by Tradeweb.

The collaboration aimed to revolutionize the fixed-income CTP sector in the EU and UK, but recent developments led the companies to abandon their aspirations. One key factor contributing to this change is the uncertainty surrounding an essential element of the project. Tradeweb emphasized the challenge posed by the uncertain outcome of the joint venture's product.

Consequently, the companies collectively agreed to terminate their engagement in the venture, while expressing continued commitment to collaborating with regulators and the industry to advance this critical initiative. The initial collaboration in May saw the trio joining forces to pioneer a fixed-income CTP in the EU, with an industry veteran, Neil Ryan, appointed to lead the initiative, aiming to drive electronification in the fixed-income industry.