David E. Rutter

David E. Rutter
David E. Rutter at R3's CordaCon event in New York City.
David E. Rutter in New York City in 2017.
Born1962 (age 61–62)
United States
EducationVillanova University
Occupation(s)Business executive, entrepreneur
Known forFounder and CEO of blockchain company R3

David E. Rutter is an American financial services executive. He is the founder and CEO of enterprise blockchain technology company R3 and the founder and owner of US Treasuries trading platform LiquidityEdge.[1][2]

Early life and Education

David E. Rutter received a Bachelor of Science degree in Business Administration from Villanova University in 1984.[3]

Career

David E. Rutter served for ten years as the CEO of electronic broking at ICAP Plc,[4] where he led the BrokerTec fixed income and EBS foreign exchange platforms.[5]

Before joining ICAP Plc, he was co-owner and CEO (Americas) of Prebon Yamane. His tenure at Prebon began in 1988, after the company entered into a joint venture with the Chicago Board of Trade that led to the introduction of trading on computer screens.[6]

In 2014 Rutter founded R3,[7] an enterprise software firm that built the blockchain platform Corda.[8]

Rutter founded LiquidityEdge in 2015[9] to provide an alternative trading model for the US Treasuries market.[10] LiquidityEdge was acquired by MarketAxess on 1 November 2019 for $150 million, including $100 million in cash and 146,450 shares of MarketAxess stock.[11]

In 2020 Rutter launched LedgerEdge, a new company that uses blockchain technology to digitise corporate bond trading.[12]

References

  1. ^ Wirz, Matt. "Startups Aim to Overhaul Trading in Treasurys". WSJ. Retrieved 2019-07-29.
  2. ^ "David Rutter, R3CEV Llc: Profile and Biography". Bloomberg.com. Retrieved 2020-10-12.
  3. ^ "David Rutter – MarketsWiki, A Commonwealth of Market Knowledge". www.marketswiki.com. Retrieved 2019-07-23.
  4. ^ "Rutter to leave as head of Icap unit". Financial Times. Retrieved 2019-07-29.
  5. ^ "Icap unveils top brass across FX and Traiana". Reuters. 2012-05-21. Retrieved 2019-07-25.
  6. ^ "The 2017 Tech 40: David Rutter". Institutional Investor. Retrieved 2019-07-23.
  7. ^ Williams-Grut, Oscar. "This Wall Street veteran has raised $107 million to build the 'app store' of financial services". Business Insider. Retrieved 2019-07-23.
  8. ^ Irrera, Anna (2017-10-03). "Bank-backed R3 launches new version of its blockchain". Reuters. Retrieved 2020-10-12.
  9. ^ Wirz, Matt. "Startups Aim to Overhaul Trading in Treasurys". WSJ. Retrieved 2019-07-23.
  10. ^ "LiquidityEdge Wants to Help Little Guy in U.S. Treasuries Market". www.bloomberg.com. Retrieved 2019-07-25.
  11. ^ "MarketAxess completes $150 million LiquidityEdge acquisition - The TRADE". www.thetradenews.com. Retrieved 2019-11-10.
  12. ^ "Bond Veteran Harnesses Blockchain to Digitize Credit Trading". Bloomberg.com. 2020-07-14. Retrieved 2020-10-12.