MarketAxess

  www.marketaxess.com
  www.marketaxess.com
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MarketAxess Reviews

13 Reviews
2.9
13 Reviews
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MarketAxess Chairman and CEO Rick McVey
Rick McVey
11 Ratings

4 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    Bad management in the London office

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Developer  in  London, England (UK)
    Current Employee - Senior Developer in London, England (UK)

    I have been working at MarketAxess full-time for more than 8 years

    Pros

    Free milk and coffee
    work/life balance is quite good

    Cons

    - clients left MAEurope due to the poor services. i.e. platform crashes quite often
    - liquidity providers use Bloomberg or Tradeweb because they are cheaper.
    - Project Manager in London has tied hands. Technology is managed by MA-US
    - They continuously hire no qualified people. (no knowledge of Credit Markets, CDS, SEF, MTS)
    - Head of MAEurope changes once every two years.
    - Lots of gossiping and bad environment i.e. very frustrated employees, no team work, etc.
    - According to clients, platform will disappear in the long run because the new platforms in the market use new technology and are cheaper.
    - Don't expect good bonuses in London, on the contrary.
    - Poor career progression.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    poor career progression

    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Developer
    Former Employee - Senior Developer

    I worked at MarketAxess full-time for more than 8 years

    Pros

    - Met good colleagues to work with
    - easy hours

    Cons

    - Current climate does not help: clients do not use the system, instead they use the phone/Bloomberg chat to get best price.
    - poor liquidity offered
    - limited product offered
    - Competitors are ahead MarketAxess (i.e. Bloomberg)
    - Technology/system needs to be improved/updated to market standards.

    Advice to ManagementAdvice

    -Senior Management should listen more to clients and product managers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    High Staff Turnover in London office shows discontent of employees and low company's productivity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MarketAxess full-time for more than 8 years

    Pros

    - not long hours: 8-17hs.
    - long lunch breaks: it could last for 2 hours.
    - gym's break can last for +2hours too!
    - easy job

    Cons

    -Historically the London office had had a high staff turnover for their size. There are 20-25 people aprox in the London Office. i.e. +4 Heads of Europe in the last 5 years, 3 Heads of Sales in the last 5 years, +6 IT people in the last 5 years (STP integration managers, production support, etc), +10 Salespeoples and Customer Services Specialists in the last 5 years. There must be something wrong if stuff keep leaving!
    - Market do not see the London office as a serious place to do business with due to many factors. i.e. - Due to the high staff turnover, it is difficult to keep track of all the jobs that a client might require, fee changes, not up-to-date technology, personnel, US office's lack of interest re: UK colleagues, etc.
    -no way ahead to the market: competitors always 2 or 3 steps ahead

    Advice to ManagementAdvice

    - send some serious personnel from NYC to the London office before it is to late! Market makers are tired of all the excuses from Prod Mgr and relationship managers/salespeople in the London office.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    Worst place to learn and grow - very political place -

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at MarketAxess

    Pros

    lots of free time
    balance between work and life
    you can do whatever you want
    no control from managers

    Cons

    There is no leadership at all from Senior Managers and they do not know the financial market.
    The product crashes when IT launches a new version. This is never fixed immediately.
    Very political place to work
    No career progression at all
    MarketAxess loses market share in Europe per minute
    Old mentality, in order for clients to use the product, they buy clients with expensive dinners and events, instead of improve the product.

    Advice to ManagementAdvice

    Close the London office. Manage EU clients from NY. It will save time and money or hire senior managers who actually know the product/are willing to work.

    Doesn't Recommend
    No opinion of CEO

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