Founder & Executive Chairman, Marketaxess
Search every verified Richard Mcvey interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In December 2021, McVey announced a MarketAxess initiative to help minority, women, and veteran-owned broker dealers gain access to large asset managers. He stated that the company's "open trading" model "eliminates trading barriers and allows anyone to trade with anyone else," and that the initiative would create new opportunities for diverse dealers while adding liquidity to the trading system. McVey said the company had received a positive response from firms including BlackRock, AllianceBernstein, and others, and described the effort as part of institutional investors' ESG priorities. Throughout 2020 and 2021, McVey reported record trading volumes on MarketAxess, attributing growth to increased adoption of electronic trading during the COVID-19 pandemic. He said that once traders experience electronic trading, they "really don't go back," and noted that the company saw a record number of client firms and individual traders in March 2020. McVey has described MarketAxess's focus as primarily on credit markets, including high-grade corporate bonds, high-yield, and emerging market debt, which he characterized as historically less liquid. He has also expressed support for price transparency in bond markets, stating it "creates a fair market for everyone" and reduces transaction costs.
“It is all about increased trading community for the diversity and minority owned dealer community. The unique part about our business model is we have created this wide open marketplace for global bonds trading through open trading that eliminates trading barriers and allows anyone to trade with anyone else.”
“This is a great way to leverage that network and create new opportunities for the diversity of minority-owned dealers and at the same time add important liquidity to our trading system.”
“The old model does not promote exposing orders more broadly to more dealer firms. The new model of MarketAxess does — we are using technology to make it very easy for investment managers to have direct trading relationships with the broader community of dealers.”
“This would essentially create more liquidity for the bond market itself — this is another important step forward, to introduce new liquidity into the order flow that we see from global institutional investment managers.”
“We have unbuckled a traditional bond trading revenue into two pieces. So firms that have full service capabilities can continue trading as they have been, but other firms can participate through post-trade revenues and an unbundled revenue model.”
“Institutional players want to do this as part of their ESG efforts, which are obviously all the rage these days. We are making it really easy for them to do — we have had a great response from leading investment manager firms like BlackRock, Alliance, Bernstein, and others.”
“We are creating more opportunity for dealers and investors, and we are proud to be part of it and use our network in this way.”
“That's exactly right, Jim — we had a great quarter, and all thanks to our clients for the tremendous support they have for our trading platform around the world.”
“These are going to be tough comps for any companies like ours in the trading and exchange space given the huge volumes that went through last spring.”
“I came into March thinking that if we could get anywhere close to last year's levels it would be a big win — we actually surpassed last March and set new records. It was a great month for the business and really a great record quarter as well.”
“There'll be record Treasury issuance, but the fact is, as good as Treasury trading is, that's not where the money is.”
“Our focus has been primarily credit markets — high grade, high yield, emerging markets, municipal bonds and other credit instruments that historically are less liquid.”
“We think we've been the fastest grower in the space for the past decade and feel really proud of our results to kick off the new year.”
“When there were calls for closing the market, it made absolutely no sense; markets go up and markets go down, but if markets function, that is one of the most important things in a developed economy.”
“I don't think anybody would have thought we would see such a phenomenal number of new people, particularly young people, entering the markets through online brokerage and the like.”
Rick McVey, MarketAxess chairman and CEO, and Kourtney Gibson, MarketAxess board member, join 'Halftime Report' to ...
MarketAxess CEO Rick McVey gives insight into the electronic credit trading platform and what metric he will be keeping an eye on this year. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s m…
Speakers Kym Arnone Managing Director and Joint Head of Municipal Finance, Jefferies Rick McVey CEO, MarketAxess Annette ...
MarketAxess CEO Rick McVey discussed the electronic bond-trading platform's record market volume during a volatile period of trading. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Ge…
Oct.09 -- Rick McVey, founder and chief executive officer at MarketAxess, discusses the steady growth of electronic bond trading and what he sees for the future of the trading market. He speaks with Blomberg's Alix Steel on "Bloomberg Daybreak: Americas."
MarketAxess CEO Richard McVey tells Jim Cramer how his company uses artificial intelligence to predict bond trades for clients. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Watch more Mad Money here: http://bit.ly/WatchMadMoney » Read more about MarketAxess: https://cnb.cx/2XNo2R9 "Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money.…
Don't miss Jim Cramer's exclusive interview with MarketAxess CEO Rick McVey, the man behind the revolution in the bond market ...
Electronic trading in the credit markets continued to grow in 2013, but the biggest advances are likely yet to come. Regulatory ...
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