MarketAxess has appointed William Quan as its
new Chief Technology Officer. He will oversee the trading platform’s global technology
operations and lead efforts to expand the use of AI, data analytics, and
platform modernization across the platform’s electronic trading business.
Focus on Technology and AI Integration
In his new role, Quan will report to Dean Berry, Chief
Operating Officer of MarketAxess, and serve on the company’s Executive
Committee. His responsibilities include developing resilient and scalable
systems and embedding artificial intelligence into the firm’s products and
workflows.
“William brings deep technical expertise and a strong
execution mindset that will help us accelerate platform modernization and more
deeply embed AI and advanced analytics across our products,” Berry said.
Read more: Zarvista Capital Markets Appoints Mohammed El Alaoui Essosse as CEO
Quan has more than 20 years of experience leading technology
and digital transformation across financial and platform businesses. He
previously served as CTO at Fleete Group, a Macquarie Asset Management
portfolio company, where he oversaw the creation of an AI-enabled SaaS
platform.
Earlier in his career, he held leadership roles at Amazon
Web Services, J.P. Morgan, and Deutsche Bank, focusing on electronic trading
and digital platform innovation.
Institutional Demand and Rising Volumes
Early this year, Tradeweb Markets and MarketAxess saw record trading activity in January as institutional trading picked up across rates and
credit. Tradeweb handled total trading volume of 65.5 trillion dollars for the
month, with average daily volume of 3.1 trillion dollars, up 26.2% from a year
earlier.
On the other hand, MarketAxess reported record average daily
volume of 18.6 billion dollars in total credit, a 28% increase from January
2025, while its rates business grew 19%, pushing total platform average daily
volume to 47.7 billion dollars, up 23% year-over-year.
Credit markets drove much of the growth for both platforms.
MarketAxess’ emerging markets credit activity was especially strong, with
average daily volume rising 50% to a record 5.5 billion dollars, almost 30%
above its previous monthly peak.
This article was written by Jared Kirui at www.financemagnates.com.
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