Quick Facts
Biography
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.
Career
David E. Rutter served for ten years as the CEO of electronic broking at ICAP Plc, where he led the BrokerTec fixed income and EBS foreign exchange platforms.
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.
In 2014 Rutter founded R3, an enterprise software firm that built the blockchain platform Corda. In 2018, The Wall Street Journal named R3 one of the top tech companies to watch while Financial News named the company Blockchain Initiative of the Year.
Rutter founded LiquidityEdge in 2015 to provide an alternative trading model for the US Treasuries market. LiquidityEdge recorded a daily trading record of $31 billion in February 2019. LiquidityEdge was acquired by MarketAxess on 1 November 2019 for $150 million, including $100 million in cash and 146,450 shares of MarketAxess stock.
Education
David E. Rutter received a Bachelor of Science degree in Business Administration from Villanova University in 1984.