David E Rutter
London, United Kingdom
Founder and CEO at R3 | Founder and CEO of R3
Summary
David is well-respected thought leader in financial industry technology with over 30 years of experience, leading some of Wall Street’s top institutions. He has invested in and founded a number of start-ups including R3, LiquidityEdge LLC, a successful UST treasury broker. He continues to invest in and support several start-ups with a primary focus on further development of the R3 Corda ecosystem. R3’s Corda is the leading private permissioned distributed ledger and tokenization platform powering multi-party workflows in regulated markets. Since 2015, David has grown the company of over 300 employees in 13 countries and has built a thriving ecosystem of more of more than 250 diverse firms building on and supporting the platform globally. David is recognized for having played a significant role in the adoption of electronic trading in the global OTC derivatives and securities industry. Since launching his first electronic trading system in 1995 David has been involved in launching electronic trading solutions in over 20 different asset classes globally. David served for ten years as the CEO of Electronic Broking at ICAP Plc, the world's largest interdealer broker, where he led the BrokerTec fixed income and EBS foreign exchange platforms. Prior to ICAP, David was co-owner and CEO (Americas) of Prebon Yamane. David continues to serve on multiple boards in the fintech space. David is active in a number of charities through his Rutter Family Charitable Trust—most notably, he is a well member of Charity Water, which pays administration expenses of the charity, so 100% of contributions go to providing clean water to those that need it the most.
Founder and CEO
R3
1 Jan 2013 - Present
13yrs 7mos
London, United Kingdom
As CEO David is responsible for running the day to day operations of R3 the enterprise software company. Leveraging relationships, 30 years of experience and deep market knowledge David works with R3 members to determine the investment thesis for the ventures group, the product set for the exchange business and to source and help scope consulting assignments. Through his industry engagements and Board seats David raises awareness of R3’s growing capabilities.
Founder
LiquidityEdge LLC
1 Jun 2015 - 31 Oct 2019
4yrs 4mos
London, United Kingdom
LiquidityEdge is the first alternative model for U.S. Treasuries to break into the market in over a decade. Founded by David E Rutter in 2015 and purchased by MarketAxess in 2019. LiquidityEdge’s bespoke trading ecosystem connects a trusted community of primary dealers, regional dealers, professional trading groups and buy-side clients. Participants can choose between one-to-one or many-to-many models, facilitating a combination of anonymous and/or disclosed streaming executable prices creating a bespoke order book for each participant.
CEO at ICAP Electronic Broking
ICAP
1 Jan 2003 - 31 Jan 2013
10yrs
New Jersey and London
CEO of the profit-leading division of ICAP plc, the world’s largest interdealer broker and then-FTSE 100 company Directed the world’s leading electronic institutional combined fixed income (BrokerTec) and foreign exchange (EBS) trading business Responsible for 500 staff located in all major global financial centers and serving 2500 customers worldwide Achieved consistent year-on-year double-digit increases in revenues (in excess of US$500 million per annum) and operating profit (50+% margin) before and during the severe market retraction precipitated by the global financial crisis Directed successful penetration of key emerging markets including Russia and Southeast Asia Built leading electronic NDF platform Creatively expanded the business model and shifted emphasis to fixed revenue streams associated with terminal fees, market data, colocation services leading to significant growth in revenue and profits Introduced major technology innovations and improvements to the fixed income and FX trading infrastructures resulting in dramatically increased throughput and decreased latency Maintained active, mutually consultative relationships with senior managers at the world’s most important central banks and regulators including the US Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank; as well as with senior-level leadership at the world’s leading global banks, exchanges, industry consortia and other key strategic and technology partners Member of ICAP plc Global Executive Management Team
Show all 5 experiences
Similar People
Discover professionals with a similar profile — sign in to view.