MarketAxess announces appointment of new Head of Index and ETF Solutions

Karthik Subramanian

MarketAxess Holdings Inc., an operator of one of the largest trading platforms for fixed-income securities, has announced the appointment of Kathryn Sweeney as the new Head of its Index and ETF solutions.

The company said that as the Head of its Index and ETF Solutions, she would be responsible for the execution of the company strategy for these two divisions and would also help with business and product development by working with the various market participants to let them know about the capabilities of the platform and how they could make use of the platform’s proprietary market data and trading insights to build their customized solutions for their trading and investing. Miss Sweeney has over 18 years of experience working at Goldman Sachs where she built the company’s ETF market-making business.

Chris Concannon, President, and Chief Operating Officer commented, “Kat is a known and visible leader in the world of ETFs and portfolio and index construction. She brings deep experience in trade execution, distribution, and product development that will help advance our strategic vision for creating a more efficient and transparent marketplace. We are still in the early days of the indexation of the fixed income markets and I believe that MarketAxess will play a major role in the acceleration of that evolution with Kat’s support.”

Miss Sweeney had also held various roles across risk management, strategy, and business development at Goldman before she joined State Street Global Advisors where she was the Senior Managing Director and Head of the Institutional Client Group for North America. She will join MarketAxess on October 18 and will directly report to the COO, the company said. These are indeed interesting times for the company as the trading volumes pick up around the world post the pandemic.

“My career is firmly rooted in the belief that index solutions have benefited all market participants with improved investment and liquidity solutions,” said Ms. Sweeney. “I am thrilled to join MarketAxess, as the firm is uniquely positioned to offer differentiated indexing and portfolio solutions to institutional clients that will further enhance their ability to meet their clients’ investment needs.”

The participation of institutional clients has also been increasing steadily over the last few months and by the end of the year, it is expected that most of the platforms would have transaction volumes comparable to the pre-pandemic levels.

Read this next

Inside View

Crypto Liquidity Providers: No Transaction, No Party!

One of the most integral parts of trading cryptocurrencies is ensuring seamless transactions; however, this is not always easy when you first start using cryptocurrency exchanges.

Digital Assets

Niftables launches white label NFT platform for content creators and brands

Niftables is the go-to platform for brands and creators looking to realize their NFT vision — whether they’re an individual or the biggest entertainment company in the world.

Retail FX

ACY Securities sponsors Table Tennis NSW as CFD broker bets in Australia’s youngest

ACY Securities has partnered with Table Tennis New South Wales (TTNSW) for a two-year sponsorship agreement intended to highlight the Chatswood-based multi-asset CFD broker’s brand in Australia, with a focus on the southeastern state.

Executive Moves

Peter Hetherington appointed CEO of Capital.com, Currency.com, and Shares.com

With his extensive experience driving strategy and growth for leading wealth and brokerage firms in highly regulated markets, Peter is the ideal CEO to lead the Group on its next chapter of growth and success.”

Digital Assets

Crypto platform Elwood raises $70m from Goldman Sachs, Dawn, Barclays, BlockFi, Flow, Galaxy, more

Elwood Technologies has closed a $70 million Series A funding round co-led by Europe’s largest B2B investor Dawn Capital and global investment bank, Goldman Sachs.

Industry News

Wilshire to launch Climate Change 1.5℃ Target Index with Nikkei and Hang Seng

Wilshire has announced a collective launch with Nikkei and Hang Seng to bring to market the first in a series of indexes empowering investors to transition their investments towards a low-carbon and climate resilient economy.

Industry News

Anne Boden’s Starling Bank bets big on UEFA Women’s EURO 2022 tournament

Starling Bank has launched a campaign ahead of the UEFA Women’s EURO 2022 tournament as part of its national sponsorship, the biggest ever for the bank.

Industry News

Older adults flock to financial apps as Revolut reports 215% more UK users aged 55-74 since pandemic

Data has also shown that older adults are back to travelling as the 55-64 UK age group has seen a tenfold increase in the amount spent in foreign countries over the past two years, and the 64-75 age group isn’t far behind with an 840% increase.

Industry News

Ripple replies to SEC’s last attempt and “shoves it down their throats pretty hard”

“The SEC really messed that up. How can Hinman receive legal advice from SEC lawyers for a personal opinion?”, attorney Hogan commented.

<