Dan Burke Joins MarketAxess as Global Head of Emerging Markets
MarketAxess Holdings Inc. (Nasdaq: MKTX) announced the appointment of Dan Burke as Global Head of Emerging Markets, responsible for developing and executing business strategy for EM trading. Burke, with extensive experience in Emerging Markets, joins from Standard Chartered where he played a key role in automating credit offerings. MarketAxess aims to enhance liquidity and efficiency internationally under Burke's leadership. Recent investments in EM trading solutions led to a record average daily volume of $3.6 billion in Q1 2024, with Latin America and Asia-Pacific clients contributing significantly to the growth.
Dan Burke's appointment as Global Head of Emerging Markets brings valuable expertise and a dealer perspective to MarketAxess, enhancing the company's position in the EM trading business.
MarketAxess reported a record EM average daily volume of $3.6 billion in the first quarter of 2024, reflecting a significant increase in trading activity, especially from Latin America and Asia-Pacific clients.
Potential challenges could arise from the need to sustain the growth in Emerging Markets trading and deliver on the expectations for enhanced liquidity and efficiency under Burke's leadership.
As Global Head of EM, Mr. Burke will be responsible for the development and execution of business strategy for the EM business in both hard currency and local markets. He will lead business and product management expansion of the company鈥檚 EM trading business across geographies and products.
Raj Paranandi, Chief Operating Officer, EMEA & APAC at MarketAxess, commented, 鈥淒an brings a wealth of Emerging Markets experience and a valuable dealer perspective to MarketAxess at a time when adoption of and appetite for electronification of the asset class has grown significantly. There is still much more that MarketAxess can and will do to drive greater liquidity and efficiency for both investors and dealers internationally. I look forward to watching this area grow under Dan鈥檚 leadership.鈥�
Mr. Burke most recently served as Managing Director at Standard Chartered in
鈥淚鈥檓 delighted to be joining MarketAxess, a leading solution for Emerging Markets trading, and a platform that I have been a client of for over 20 years. MarketAxess is well positioned to accelerate the delivery of innovative solutions in Emerging Markets globally, and I look forward to partnering with all market participants to take our offering to the next level,鈥� said Mr. Burke.
Mr. Burke is based in
The MarketAxess EM trading solution serves over 1,600 market participants in over 120 countries. Recent investments include the expansion of Open Trading for Emerging Markets local currency bonds, growth of Request-for-Market to support larger EM trades, and new country-specific protocols like Casada in
About MarketAxess
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Over 2,000 firms leverage MarketAxess鈥� patented technology to efficiently trade fixed-income securities. MarketAxess鈥� award-winning Open Trading庐 marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at and on X .
View source version on businesswire.com:
INVESTOR RELATIONS
Stephen Davidson
MarketAxess Holdings Inc.
+1 212 813 6313
sdavidson2@marketaxess.com
MEDIA RELATIONS
Marisha Mistry
MarketAxess Holdings Inc.
+1 917 267 1232
mmistry@marketaxess.com
Source: MarketAxess Holdings Inc.
FAQ
Who is the new Global Head of Emerging Markets at MarketAxess?
The new Global Head of Emerging Markets at MarketAxess is Dan Burke.
What was the recent record average daily volume reported by MarketAxess in Emerging Markets?
MarketAxess reported a record average daily volume of $3.6 billion in the first quarter of 2024 in Emerging Markets.
Which regions contributed significantly to the growth in trading activity for MarketAxess?
Latin America and Asia-Pacific clients contributed significantly to the growth in trading activity for MarketAxess.
What award did MarketAxess receive in 2023 for its trading platform?
MarketAxess was awarded 'Best Secondary Market Trading Platform' by Global Capital at their 2023 Bond Awards.
