MarketAxess Completes Xtrakter Acquisition, Appoints Urtheil
The deal went through on March 1 for £25.3 million (approximately $38.5m), following regulatory approval by the UK's Financial Services Authority (FSA).
"We are pleased to finalize this acquisition and excited about the opportunities created by the combination of the two companies," says Rick McVey, MarketAxess CEO. We look forward to working with the team at Xtrakter to deliver innovative fixed income trading and data solutions to the European investor and broker-dealer communities."
MarketAxess, which operates an electronic trading platform for US and European corporate bonds, emerging market bonds and other fixed-income securities, has also appointed Robert Urtheil as head of its European and Asian businesses.
Urtheil joins from consultancy Oliver Wyman, where he was a partner and global head of market infrastructure. He also spent 10 years at Deutsche Börse.
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