Fortune magazine has an interesting article about Rick McVey. He is the CEO of a company by the name of MarketAxess Holdings in NYC.. It's an electronic trading company which controls, get this, 85%!of all US electronic corporate fixed-income trading.
He designed a system whereby institutions can trade directly with one another. Five Trillion in corporate bonds trade hands every year. And bonds are his baby He has no debt. His company sales went from $136M in 2010 to an estimated $260M in 2014.
Virtual trading has won. Interesting. Pars.
He designed a system whereby institutions can trade directly with one another. Five Trillion in corporate bonds trade hands every year. And bonds are his baby He has no debt. His company sales went from $136M in 2010 to an estimated $260M in 2014.
Virtual trading has won. Interesting. Pars.
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