MarketAxess Holdings Inc. Adds Stephen P. Casper and Wayne D. Lyski to its Board of Directors.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 27, 2004

MarketAxess Holdings Inc., the operator of a leading platform for the electronic trading of fixed-income securities, today announced the election of Stephen P. Casper, chief executive officer of the institutional investment management firm of Fischer Francis Trees & Watts, and Wayne D. Lyski, former chairman and chief investment officer of Alliance Capital Management's fixed-income division, to the MarketAxess board of directors. Messrs. Casper and Lyski were elected at MarketAxess' April 28 annual shareholders' meeting.

"As acknowledged leaders in fixed income asset management, Steve and Wayne add invaluable insight and experience to our global business," said Richard McVey, chairman and CEO of MarketAxess.

"With their election, our board of directors has seasoned, highly regarded representation from both the dealer and institutional investment communities. We look forward to utilizing this asset as we continue to expand our technology solutions in order to improve efficiency and liquidity for all market participants."

Mr. Casper, 54, has been with Fischer Francis Trees & Watts, Inc., an institutional investment firm specializing in the management of approximately $40.0 billion in global fixed interest assets, since 1990. During his tenure with the company, Mr. Casper served as the company's chief financial officer and chief operating officer, where he saw his responsibilities grow to encompass global management of the firm's finance, operations, administration, human resources and technology functions.

Previously, Mr. Casper spent six years as treasurer of the Rockefeller Family Office, where his duties included managing investment operations functions and developing commingled investment vehicles. He is a member of the board of The Depository Trust & Clearing Corporation, chairman of its Audit Committee, and a member of the board of its subsidiaries, the Depository Trust Company, the National Securities Clearing Corporation, the Emerging Markets Clearing Corporation and the Fixed Income Clearing Corporation. Mr. Casper is also a member of the investment committee of the Brooklyn Museum of Art.

Mr. Lyski, 62, has been a hedge fund manager with Lee Munder Capital Group since April 2004. Prior to this role Mr. Lyski held a series of positions at Alliance Capital Management, most recently as executive vice president. He was also chairman and chief executive officer of Alliance Capital Management's fixed income division where he was responsible for overseeing the management of approximately $150 billion in fixed-income assets, as well as managing institutional accounts and mutual funds in both the domestic and non-dollar arenas. Mr. Lyski served as a member of the Treasury Borrowing Advisory Committee from 1996 to 2004, advising the Secretary and staff of the United States Treasury on the financing and management of federal debt. Mr. Lyski was inducted into the Fixed Income Analysts Society's Hall of Fame in 1998.

The election of Messrs. Casper and Lyski increases to four the number of independent directors on MarketAxess' eight-person board.

About MarketAxess

MarketAxess operates a leading platform for the electronic trading of fixed-income securities, serving as an electronic platform through which our approximately 600 institutional investor clients can access the liquidity provided by our 19 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously receive competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. MarketAxess offers our clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, and emerging markets bonds. In addition, we recently announced a strategic alliance to provide our institutional investor clients with access to the U.S. government bond market. MarketAxess also provides data and analytical tools that help our clients make trading decisions and we facilitate the trading process by electronically communicating order information between trading counterparties. MarketAxess' current participating dealers are: ABN Amro, Banc of America Securities, Banc One Capital Markets, Barclays PLC, Bear Stearns, BNP Paribas, Citigroup Global Markets, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs, HSBC, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, SG Corporate & Investment Banking, Spear Leeds & Kellogg, UBS, and Wachovia Securities.