Latest news with #SteveTait
Business Wire
05-08-2025
- Business
- Business Wire
MarketAxess Announces the Launch of Mid-X in US Credit
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced multiple enhancements to its dealer-initiated protocols, including the launch of Mid-X in US Credit and enhancements to its Dealer RFQ protocol. Last year, MarketAxess successfully launched an enhanced Mid-X protocol, the firm's anonymous mid-point matching session, for emerging markets and eurobonds. Second quarter 2025 volumes from Mid-X matching sessions in emerging markets and eurobonds have increased 70% compared to the second quarter of 2024. Mid-X sessions are powered by CP+™, the AI powered real-time predictive pricing engine for Global Credit and Rates markets and will now include a new one-step submit and trade protocol. 'Today's market environment calls for easier access to liquidity, increased workflow efficiency and better tools for dealers to recycle risk generated by increased portfolio trading,' said Steve Tait, Head of US Dealer Execution Business at MarketAxess. 'By providing dealers with the level of support, tools and technology on par with what they are receiving from sales desks and inter-dealer brokers, we believe that we have been able to create a more inclusive trading environment where dealers feel increasingly comfortable engaging with our growing list of protocols and enhancements.' For more information on dealer offerings visit: Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements, including statements about the outlook and prospects for the Company, market conditions and industry growth, as well as statements about the Company's future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess' current expectations. The Company's actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; the level of trading volume transacted on the MarketAxess platform; the rapidly evolving nature of the electronic financial services industry; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our ability to introduce new fee plans and our clients' response; our ability to attract clients or adapt our technology and marketing strategy to new markets; risks related to our growing international operations; our dependence on our broker-dealer clients; the loss of any of our significant institutional investor clients; our exposure to risks resulting from non-performance by counterparties to transactions executed between our clients in which we act as an intermediary in matched principal trades; risks related to self-clearing; risks related to sanctions levied against states or individuals that could expose us to operational or regulatory risks; the effect of rapid market or technological changes on us and the users of our technology; issues related to the development and use of artificial intelligence; our dependence on third-party suppliers for key products and services; our ability to successfully maintain the integrity of our trading platform and our response to system failures, capacity constraints and business interruptions; the occurrence of design defects, errors, failures or delays with our platforms, products or services; our vulnerability to malicious cyber-attacks and attempted cybersecurity breaches; our actual or perceived failure to comply with privacy and data protection laws; our ability to protect our intellectual property rights or technology and defend against intellectual property infringement or other claims; our use of open-source software; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our dependence on our management team and our ability to attract and retain talent; limitations on our flexibility because we operate in a highly regulated industry; the increasing government regulation of us and our clients; risks related to the divergence of U.K. and European Union legal and regulatory requirements following the U.K.'s exit from the European Union; our exposure to costs and penalties related to our extensive regulation; our risks of litigation and securities laws liability; our tax filing positions; the effects of climate change or other sustainability risks that could affect our operations or reputation; our future capital needs and our ability to obtain capital when needed; limitations on our operating flexibility contained in our credit agreement; our exposure to financial institutions by holding cash in excess of federally insured limits; and other factors. 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 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 and on X @MarketAxess.
Business Wire
24-04-2025
- Business
- Business Wire
New Skyhigh Security Research Finds Less Than 10% of Enterprises Have Implemented Data Protection Policies, Controls for AI Apps
SAN JOSE, Calif.--(BUSINESS WIRE)--Skyhigh Security, a global leader in the Security Service Edge (SSE) and data security markets, has released its 2025 Cloud Adoption and Risk Report, offering a blueprint for securing the modern AI-powered enterprise backed by real-world insights, trends, and best practices from across the globe. The findings reveal that 94% of all AI services are at risk for at least one of the top LLM risk vectors—prompt injection/jailbreak, malware generation, toxicity, and bias—and 11% of files uploaded to AI applications include sensitive corporate content. 'Our research clearly shows that threats like Shadow AI and the unsanctioned use of generative AI applications are rising just as swiftly as AI adoption itself. If your organization hasn't evaluated its security posture in this new era of AI and cloud, these statistics should serve as a critical reminder,' said Steve Tait, Chief Technology Officer at Skyhigh Security. 'Both unsanctioned and sanctioned AI usage isn't just a compliance risk, it also opens the door to the exfiltration of sensitive data. At this point, security and governance aren't optional—they're foundational.' Shining a light on Shadow AI and unsanctioned app usage The Shadow AI problem is an extension of the Shadow IT problem that enterprises have dealt with for the last decade. Skyhigh Security data finds that enterprises use a staggering 320 AI cloud applications on average – with DeepSeek emerging as a key driver of Shadow AI growth. In January 2025, Skyhigh Security recorded DeepSeek usage by 43% of customers, who uploaded a combined 176GB of data into the AI chatbot. Traditional DLP and access control models are no longer suited to address the nuances of Shadow AI, prompt-based data exposure, and AI learning risks on their own. Security Service Edge (SSE) solutions allow enterprises to gain full visibility into all AI applications, along with usage metrics such as user counts, upload data, and request count. In addition, SSE solutions provide risk information calculated using a set of controls. Microsoft Copilot, ChatGPT adoption continues to surge for global enterprises It comes as no surprise that AI adoption is skyrocketing, with Skyhigh Security research revealing a 200% increase in AI application traffic within the last year, compared to a 23% increase in traffic to non-AI applications. Furthermore, data uploaded to AI applications is up 80% while other categories registered just 13% growth. Copilot for Microsoft 365 and OpenAI's ChatGPT lead as the top AI applications used by enterprises. While both are wildly popular, Microsoft Copilot dominates with 82% of all Skyhigh Security customers using Microsoft Copilot within their enterprise—up from 18% last year. Within the same timeframe, the traffic to Microsoft Copilot increased 3,600x, with data uploads increasing 6,000x. As Microsoft Copilot adoption accelerates across the enterprise, organizations are prioritizing the extension of existing security controls to protect sensitive data within Copilot environments. This includes the application of Data Loss Prevention (DLP), Data-at-Rest Scanning, and the Prevention of Sensitive Data Ingestion. Growing AI usage demands stronger compliance oversight As organizations integrate AI solutions across departments and global operations, adhering to region-specific and industry-mandated compliance frameworks has become essential. The top regulations that have expanded their reach to include AI applications include the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and EU AI Act. Skyhigh Security's analysis finds that 95% of AI applications are at medium or high risk for EU GDPR violation, and only 22% of all AI applications are in adherence to one or more compliance certifications such as HIPAA, PCI, ISO, FISMA, and FedRAMP. In particular, the report reveals that 84% of AI applications don't support 'Data Encryption at Rest,' while 83% don't support integration with multi-factor authentication (MFA) tools. Key takeaways Artificial intelligence has moved from the margins to the mainstream, and is now serving as a catalyst for enterprise transformation across industries. From copilots that boost productivity to private assistants that streamline operations, AI is driving undeniable value across industries. But with rapid adoption comes a new wave of risk: the rise of Shadow AI, regulatory compliance challenges, data leakage, and evolving security vulnerabilities. Skyhigh Security's cloud-native SSE platform provides the necessary visibility, control, and enforcement capabilities required to enable safe and scalable AI use. These solutions can combat AI application sprawl—including Shadow AI and unsanctioned application usage—and help alleviate the fear of regulatory noncompliance. Altogether, the research presented in the 2025 Cloud Adoption and Risk Report underscores the immediate need for enterprises to evaluate their security postures and consider leveraging advanced SSE solutions that protect against the rising risks of AI adoption. Additional Resources: Methodology The 2025 Cloud Adoption and Risk Report findings are a result of anonymized telemetry data across 3M+ users consisting of corporate professionals and information workers, 40,000+ cloud services, and 2B+ daily events over the course of 2024. About Skyhigh Security Skyhigh Security is dedicated to securing the world's data with cloud-native, data-aware security solutions that empower organizations to collaborate freely without compromising on security. Its market-leading Security Service Edge (SSE) portfolio focuses on protecting data use, enabling innovation and compliance across hybrid environments. For more information, visit
