Ex-FINRA chief joins MarketAxess board

Richard Ketchum served as chief executive officer and chairman at FINRA from 2009 until last year.

Former chief executive officer and chairman of the Financial Industry Regulatory Authority (FINRA), Richard Ketchum, has joined the board of directors at MarketAxess.

Ketchum has over 30 years experience in the financial industry holding several senior positions, including 12 years as president at Nasdaq and 14 years as director of market regulation at the Securities and Exchange Commission (SEC).

He will join and help the board navigate advancing changes that strengthen the efficiency and liquidity of global credit markets.

Discussing his appointment, Rick McVey, chief executive officer at MarketAxess, described Ketchum as “one of the most widely respected regulatory authorities in the securities industry.”

“We will benefit greatly from his knowledge and insight during this period of accelerating adoption of electronic trading and significant regulatory change in global financial markets,” he said.

Ketchum added MarketAxess is at the “forefront of important technology and market structure advancements for fixed income markets.”

“It's an exciting time for the fixed income industry as new sources of liquidity and transparency emerge to create a stronger foundation for secondary trading,” he said.