MarketAxess Holdings Inc. (NASDAQ:MKTX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July25, 2017, the Compensation Committee (the “Committee”) of the Board of Directors of MarketAxess Holdings Inc. (the “Company”) amended the Stock Option Agreement, dated January16, 2008, between the Company and Richard M. McVey, the Company’s Chief Executive Officer and Chairman of the Board. The amendment permits Mr.McVey to exercise the stock option thereunder (the “Option”), which expires on January15, 2018, on a net exercise basis by surrendering shares of the Company’s common stock to the Company to satisfy the exercise price and tax withholding obligation related to the exercise of the Option.
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About MarketAxess Holdings Inc. (NASDAQ:MKTX)
MarketAxess Holdings Inc. (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Company’s trading platform provides access to global liquidity in the United States high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, credit derivatives and other fixed-income securities.