MarketAxess Completes Acquisition of Xtrakter
MarketAxess Holdings, the electronic trading platform operator for US and European corporate bonds, emerging markets bonds and other fixed income securities, has completed its previously announced acquisition of Xtrakter, the provider of regulatory transaction reporting, financial market data and trade matching services to the European securities markets.
MarketAxess has also appointed Robert Urtheil as head of its European and Asian businesses. He joins from global management consulting firm Oliver Wyman, where he was a partner and global head of the firm’s market infrastructure practice. Previously, he spent 10 years at Deutsche Börse Group, most recently as head of market development and strategy.
“We are pleased to finalise this acquisition and excited about the opportunities created by the combination of the two companies,” said Rick McVey, chief executive officer (CEO) of MarketAxess. “Robert’s appointment also reinforces our commitment to the continued expansion of our European and Asian businesses.”
Urtheil added: “Together, MarketAxess and Xtrakter are uniquely placed to take advantage of the broad-reaching changes taking place in the fixed income markets. Incoming regulations present new and significant opportunities across the region.”