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Form 8-K · Current Report · Filed 2024-04-05

MarketAxess Director Richard Prager to Not Stand for Re-Election

On April 4, 2024, Richard Prager informed MarketAxess Holdings Inc.

Filer
MarketAxess Holdings Inc. MKTX · NASDAQ
Filed
Accession
0001193125-24-088517
CIK
0001278021
Signal
Medium impactFinancial Services

Details

that he will not seek re-election to the Board of Directors when his term ends after the 2024 Annual Meeting of Stockholders. The decision is unrelated to any disagreements with the Company, and the Board plans to reduce its size to eleven directors post-meeting.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Board Member Departure

Market reaction

Close before filing

$224.79

Next session

-0.2%

Since filing

-27.9%

Latest close

$162.16

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MKTX reporting the same item, with the next session's move:

MarketAxess Appoints Ilene Fiszel Bieler as New CFO-0.4%
MarketAxess Interim CFO Appointment Following CFO Resignation+0.6%

About MarketAxess Holdings Inc.

MarketAxess Holdings Inc. is a leading operator in the electronic trading platform sector for fixed-income securities. Specializing in the facilitation of bond trading, MarketAxess enhances market efficiency by providing a centralized exchange where institutional investors can engage in seamless transactions of corporate bonds, treasuries, and emerging market debt. Utilizing innovative technology, the company enables efficient price discovery, liquidity aggregation, and trade execution in a traditionally opaque market segment. MarketAxess stands out with features such as its proprietary Open Trading platform, which extends anonymous, all-to-all trading capabilities, thus enhancing access to a broad array of market participants. The firm also integrates data and analytical tools that empower users with valuable market insights and improved decision-making processes. Serving sectors like asset management, banking, and insurance, it plays a pivotal role in modernizing and streamlining the bond trading landscape. Headquartered in New York, MarketAxess' impact is significant in the global financial markets, promoting greater transparency and efficiency. By fostering competitive and fair trading environments, it continues to redefine how fixed-income markets operate, catering to varied institutional needs around the world.

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