
Spencer Lee to Join MarketAxess as Head of Client Products, Americas
As Head of Client Product in the Americas, Mr. Lee will be responsible for the business and product management across U.S. high-grade, U.S. high-yield, municipals, dealer and client solutions, as well as MarketAxess X-Pro, the company's next generation trading platform.
'Spencer is a well-known and respected leader in the fixed-income markets. He will bring tremendous fixed-income trading experience, market structure expertise, an invaluable buy-side perspective to MarketAxess and will further product advancement for our clients,' Chris Concannon, Chief Executive Officer at MarketAxess. 'I look forward to his contributions as part of my global management team as we continue our goal of accelerating innovation and efficiency across fixed-income markets globally."
Mr. Lee most recently held the role of Chief Markets Officer at TS Imagine. He has over two decades of experience as a fixed-income trader, where he was an advocate for the adoption of technology and the development of systematic trading of credit securities. Prior to TS Imagine, he co-founded Agilon Capital, a systematic credit hedge fund, and led global credit electronic trading and West Coast fixed-income trading at BlackRock.
'I've spent most of my career on a pursuit of building the best buy-side trader workflows in the market,' said Mr. Lee. 'I am excited to be marking the next chapter of this journey at MarketAxess, as I believe my time as a trader and experience in helping adapt EMS technology to the fixed-income markets have uniquely prepared me to lead this product team in the next phase of innovation.'
Mr. Lee will join MarketAxess on May 12, 2025 and will report to Chris Concannon.
About MarketAxess
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Approximately 2,100 firms leverage MarketAxess' patented technology to efficiently trade fixed-income securities. Our automated and algorithmic trading solutions, combined with our integrated and actionable data offerings, help our clients make faster, better-informed decisions on when and how to trade on our platform. MarketAxess' award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including statements within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 with respect to the Company's goals. These and other statements that relate to future results and events are based on MarketAxess' current expectations. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. Please refer to the periodic filings MarketAxess makes with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this press release. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. More information about these and other factors affecting MarketAxess' business and prospects is contained in MarketAxess' periodic filings with the Securities and Exchange Commission and can be accessed at .
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Popular Analyst Says Super Micro's AI Play Still Strong Depsite Earnings Wobble
Super Micro Computer's (NASDAQ:SMCI) latest earnings report may have disappointed Wall Street, but KM Capital thinks the market is missing the point. The well-regarded investor is urging holders to stay long and strong, arguing that the AI-driven growth story remains firmly intact despite a softer quarter. Warning! GuruFocus has detected 3 Warning Sign with SMCI. SMCI's fiscal Q4 2025 numbers came in light $5.76 billion in net sales fell short of estimates by about $156 million, and earnings per share also missed. Guidance for the current quarter underwhelmed, sparking a five-day, 20%-plus slide in the stock. KM Capital, however, calls the earnings miss minor in the broader context. They point to robust AI demand, citing double-digit growth from cloud heavyweights Amazon, Microsoft, and Alphabet in the latest quarter a sign that data center investment is still running hot. That trend plays directly into SMCI's strengths, especially given its server systems' tight compatibility with Nvidia hardware. The pullback, KM notes, has reset SMCI's valuation to what they see as bargain territory: a forward P/E of roughly 12x for 2028 and a price-to-sales ratio of 0.85x, levels usually reserved for debt-laden or stagnant industries. SMCI, by contrast, has a solid balance sheet with debt just over $5 billion against a market cap near $27 billion. Their bottom line? The AI wave is far from over, SMCI remains in the thick of it, and this correction may be an opportunity rather than a warning sign. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
AI Infrastructure Spending Soars - New Era Energy & Digital Joins the Race
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - August 13, 2025) - ( a leader in retail investor trading ideas for AI and tech, looks at the booming AI infrastructure market and new player, New Era Energy & Digital, Inc. (NASDAQ: NUAI), formerly New Era Helium, Inc. (NASDAQ: NEHC), a next-generation platform developing integrated solutions across energy, power, and digital infrastructure. New Company in the Booming AI Infrastructure Market - New Era energy & Digital, Inc. (NASDAQ: NUAI) To view an enhanced version of this graphic, please visit: The global Artificial Intelligence (AI) infrastructure market is on track for unprecedented growth, poised to surpass $200 billion USD in spending by 2028 according to the latest findings from the International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Infrastructure Tracker. Organizations increased spending on compute and storage hardware infrastructure for AI deployments by 97% year-over-year in the first half of 2024, reaching $47.4 billion. AI infrastructure stocks making recent headlines include Applied Digital Corporation, CoreWeave and Vertiv Holdings Co. Now there is a new player is in the mix; a company that has a history as an energy supplier is aiming to power up the AI revolution. New Era Energy & Digital, Inc. (NASDAQ: NUAI) just announced it has changed its corporate name to reflect its new business strategy and direction. From the news:This rebrand reflects the Company's recent strategic transformation into a vertically integrated energy supplier, creating a platform for next-generation digital infrastructure and integrated power assets, including powered land and powered shells. The Company delivers turnkey solutions that will enable hyperscale, enterprise, and edge operators to accelerate data center deployment, optimize total cost of ownership and future-proof their infrastructure investments. New Era Energy & Digital, Inc. (NASDAQ: NUAI), projects generational AI infrastructure demand will grow exponentially over the next decade, driven by rising capacity and significant increases in sector investment. The Company remains under the same leadership team and continues to execute the strategy it introduced with its Texas Critical Data Centers (TCDC) project focused on integrating behind-the-meter power (off-grid) and real estate ("Powered Land"), and digital infrastructure tailored for the rapidly expanding AI compute market. Texas Critical Data Centers, currently under development in Ector County, Texas is a scalable, up to 1 gigawatt (GW) AI and high-performance computing (HPC) campus designed to meet accelerating demand for compute capacity and clean energy. Located in one of North America's leading AI corridors, TCDC will deliver liquid-cooled, high-efficiency compute infrastructure with speed, resilience, and sustainability. In line with its strategic focus on power and compute infrastructure, the Company is in discussions with various parties on how best to maximize its natural gas and helium assets. The Company remains committed to the global AI ecosystem, where helium continues to play a crucial role in semiconductor manufacturing and the future growth of AI. The Company will seek to maximize shareholder value of its natural gas and helium assets while pivoting to AI infrastructure development efforts. Updates will be provided as developments occur. The Company has launched a newly updated website featuring refreshed branding and messaging. A revised investor presentation outlining the strategic roadmap will be available shortly. E. Will Gray II, CEO of New Era Helium, Inc. commented: "This name change marks the next chapter. It's a clear signal of who we are and where we're headed. We are the bridge between Silicon Valley and Houston, connecting the compute demands of tomorrow with the energy systems of today, for a shared digital future. With a growing base of vertically integrated assets, from powered land to powered shells, we bring deep infrastructure and energy expertise to help hyperscale, enterprise, and edge operators deploy future-ready HPC campuses faster. Our new name: New Era Energy & Digital, perfectly captures the full breadth of our expanded strategic vision: delivering the physical foundation that powers American innovation." On July 30th, Applied Digital Corporation, a designer, builder and operator of next-generation digital infrastructure reported financial results for the fiscal fourth quarter and fiscal year ended May 31, 2025. The Company also provided an operational update. Looking at their numbers and commentary from management, the AI infrastructure demand is a driving force in their revenue growth, From the news: Fiscal Fourth Quarter 2025 Financial Highlights: Revenues: $38.0 million, up 41% from the prior year comparable period Net loss attributable to common stockholders: $26.6 million, down 25% from the prior year comparable period Net loss attributable to common stockholders per basic and diluted share: $0.12, down 57% from the prior year comparable period Adjusted net loss attributable to common stockholders: $7.6 million Adjusted net loss attributable to common stockholders per diluted share: $0.03 Adjusted EBITDA: $1.0 million Recent Highlights: Announced 250MW AI Data Center Leases With CoreWeave in North Dakota: Over the approximately 15-year lease terms, Applied Digital anticipates generating approximately $7 billion in contracted revenue from the leases. Since the end of the fourth quarter 2025, CoreWeave exercised its option for an additional 150MW, which would bring the total capacity leased by CoreWeave to 400MW and would add approximately $4 billion in contracted revenue, which would bring total contracted revenue to approximately $11 billion for the approximately 15-year lease terms. Released white paper, AI Factory: A Case Study of Total Ownership, which explains how site selection in regions like the Dakotas and data center design choices can significantly reduce the long-term costs of generative AI infrastructure. "Building on the momentum from these leases and the surging demand for AI infrastructure, we're actively marketing our multi-gigawatt pipeline to a diverse group of customers," said Wes Cummins, Chairman and CEO of Applied Digital. "Over the past two years, we've streamlined our processes, enhanced our building design for greater flexibility, and established a repeatable approach supported by a strong supply chain. As a result, we've reduced projected build times from 24 months to 12 to 14 months, which we believe will enable us to deliver large-scale projects faster and more efficiently." Strengthening its position as a leader in AI infrastructure, CoreWeave recently announced it closed a $2.6 billion delayed draw term loan facility ("DDTL 3.0 Facility"), continuing the company's investment in world-class infrastructure tailored for artificial intelligence. The funding will be used to support the purchase and maintenance of advanced equipment, hardware, and cloud infrastructure systems to deliver services under a long-term agreement with OpenAI. "We're proud to partner with leading financial institutions on this landmark transaction that delivers on our commitment to lower our cost of capital," said Brannin McBee, Chief Development Officer and co-founder of CoreWeave. "This is another step forward in our ability to provide our highly specialized AI cloud platform at massive scale to meet the demands of our innovative clients." "CoreWeave is an important partner in OpenAI's overarching AI infrastructure platform," said Sarah Friar, CFO of OpenAI. "Scaling advanced AI requires world-class compute infrastructure, and partnering with CoreWeave and leading financial institutions enables us to train more capable models and deliver better experiences to people around the world." Analysts and investors are loving the AI infrastructure boom. According to a recent article, "Vertiv Holdings Co. has delivered standout stock performance in 2025, up 23% in 2025, significantly outpacing the S&P 500 Index's ($SPX) 8.7% gain during the same timeframe. Over the past 12 months, Vertiv stock surged nearly 97%, significantly outperforming the S&P 500's 20% growth. Notably, a major portion of Vertiv's gains occurred after April, with shares up 46% over the past three months." "Vertiv Holdings was recently rated 'Outperform' by William Blair analysts, citing its pivotal role in meeting surging demand for artificial intelligence-driven data center infrastructure. The expanding adoption of generative AI, cloud software, and high-performance computing is driving a projected annual increase in data center capacity of 13-20 GW through 2030, leading to a potential 100 GW in new capacity." On July 30th the company reported financial results for its second quarter ended June 30, 2025. From the news:Vertiv delivered strong second quarter performance with net sales of $2,638 million, representing a 35% increase ($685 million) from the prior year period, driven by robust data center demand and continued market penetration. Orders momentum remained robust, with second quarter 2025 organic orders increasing approximately 15% year-over-year and 11% sequentially from first quarter 2025. Our TTM organic orders for the period ending June 30, 2025 grew approximately 11% compared to the prior year TTM period, reflecting sustained market demand. Our strong market position is evidenced by our growing backlog of $8.5 billion and a book-to-bill ratio of approximately 1.2X for the quarter. "Vertiv's second quarter performance demonstrates the strength of our market position and our ability to execute at scale," said Giordano Albertazzi, Vertiv's Chief Executive Officer. "Our 35% sales growth and robust orders momentum reflect both strong market demand and our expanded capabilities to serve our customers' increasingly complex infrastructure needs. We are strategically investing in capacity expansion and accelerating our innovation pipeline to capitalize on unprecedented data center growth, particularly in AI-enabled infrastructure. The announced agreement to acquire Great Lakes Data Racks & Cabinets further strengthens our position in the fast-growing data center market. As we progress on our strong growth trajectory, we are vigorously addressing some temporary margin challenges which we anticipate will be materially addressed by the end of 2025. Given our strong performance, backlog and positive outlook, we are raising our full-year adjusted diluted EPS, net sales, adjusted operating profit and adjusted free cash flow forecast, positioning Vertiv for even stronger performance in the quarters ahead." The makert and investors reacted positively to the news of New Era Energy & Digital, Inc.'s (NASDAQ: NUAI) rebranding, with the stock gaining in early trading. With their focus on energy in the future of AI Infrastructure growth and demand, they are right on the money. "IDC expects AI adoption to continue growing at a remarkable pace as hyperscalers, CSPs, private companies, and governments around the world are increasingly prioritizing AI. Growing concerns around energy consumption for AI infrastructure will become a factor in datacenters looking for alternatives to optimize their architectures and minimize energy use" said Lidice Fernandez , Group Vice President, Worldwide Enterprise Infrastructure Trackers. Get more AI and robotics stock investing ideas with free tech stock Sign up for free trading and stock news alerts at About - Big Investing is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Disclaimer/Disclosure: This article featuring New Era Helium, Inc. (NASDAQ: NEHC) is part of paid for content creation services. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info Global investors must adhere to regulations of each country. Please read privacy policy: AI and tech stocks - Learn more about our news, PR and social media, podcast services at Advertising agencies - Learn more about digital advertising and guest posts at Investorideas Follow us on X @investorideas @stocknewsbitesFollow us on Facebook us on YouTube Contact 800 665 0411 To view the source version of this press release, please visit


Business Wire
28 minutes ago
- Business Wire
Sinclair's Multicast Broadcast Networks CHARGE, Comet, ROAR and The Nest Increase National Coverage Through New Affiliations
BALTIMORE--(BUSINESS WIRE)--Sinclair's free, over-the-air networks CHARGE, Comet, ROAR, and The Nest today announced a series of strategic national distribution agreements, channel upgrades, and new multicast affiliate launches. These moves mark the latest in Sinclair's long-term commitment to strengthening its position in the rapidly growing free broadcast-multicast TV ecosystem. Key milestones include: CHARGE: Beginning August 1, and continuing through October 1, CHARGE will add affiliates on the .2 or .3 channel position, with full DMA cable carriage, in the Boston-Manchester (WFXT-2), Austin (KEYE-3), Cincinnati (WSTR-3), Greenville -Spartanburg (WMYA-2), Dayton (WRGT-2), Myrtle Beach (WWMB-2), and Beaumont (KBTV-2) DMAs. Charge! also adds distribution in Lincoln & Hastings-Kearney (KHGI-4), Macon, GA (WGXA-4), and Wheeling-Steubenville (WTOV-4). ROAR: Beginning August 1, ROAR launches on new affiliates on the .1 channel positions, with full DMA cable coverage, in Nashville (WNAB-1), San Antonio (KMYS-1), Greenville-Spartanburg (WMYA-1), Dayton (WRGT-1), Wichita-Hutchinson (KMTW-1), Cedar Rapids (KFXA-1), Myrtle Beach (WWMB-1), Beaumont (KBTV-1), and Sioux City (KMEG-1). The network also moves to .2 or .3 channel positions with full cable coverage in Fresno (KMPH-2) and Tri-Cities, TN (WEMT-2). Comet: Beginning August 1, Comet moves to the .2 or .3 channel position with full cable coverage in Reno (KRNV-2) and Cedar Rapids (KFXA-3). Comet also launches on Full Power stations in St. Louis (KDNL-5), Austin (KEYE-4). The Nest: In Q4, The Nest will launch on YouTube TV, the largest vMVPD in the U.S., expanding its reach to digital-first audiences. On August 1, the network will also launch on new affiliates in San Antonio (KMYS-2), Tulsa (KTUL-6), Columbia, SC (WACH-5), Madison (WMSN-5), Rochester (WHAM-4), Savannah (WTGS-6), Tri-Cities, TN (WEMT-4), Richmond (WRLH-5), Johnstown-Altoona-State College, PA (WJAC-5), Traverse City (WPBN-4), Eugene (KVAL-4), Columbia-Jefferson City, MO (KRCG-5), and Missoula, MT (KECI-5). Mediacom National Launch: All four networks are now available nationally on Mediacom, expanding reach across key regions in the Midwest and Southeast. 'Our multicast networks continue to build momentum through a strategic combination of affiliate expansion, upgraded channel placements, and national distribution on platforms like YouTube TV and Mediacom,' said Lee Schlazer, SVP Distribution. 'By deepening our presence in key DMAs and bringing these networks to even more linear and digital audiences, we're delivering on our mission to expand our free, high-quality television footprint nationwide.' About Sinclair: Sinclair, Inc. (Nasdaq: SBGI) is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 178 television stations in 81 markets affiliated with all major broadcast networks; owns Tennis Channel, the premium destination for tennis enthusiasts; multicast networks CHARGE, Comet, ROAR and The Nest. Sinclair's AMP Media produces a growing portfolio of digital content and original podcasts. Additional information about Sinclair can be found at Category: General