MarketAxess chief slams rivals’ reported trading volumes
Rick McVey stated its institutional trading volumes are growing faster than its competitor Tradeweb.
Open Trading platform continues to gain traction globally as average daily volume grew 56% in the first quarter.
Richard Ketchum served as chief executive officer and chairman at FINRA from 2009 until last year.
Full-year trading volumes reached $1.3 trillion in 2016, as CEO says growth was driven by market share gains.
MarketAxess reports surge in trading volumes in the third quarter this year, as revenues jump 22%.
Revenues and total trading volumes reached record totals in first quarter of 2016.