HUDSON YARDS — An e-trading platform is ditching its Park Avenue digs for a Hudson Yards high-rise.
MarketAxess, which operates a trading platform for fixed-income securities, will move from an office building at 229 Park Ave. to 55 Hudson Yards, the company said in a release.
Point72 Asset Management and law firms Milbank, Tweed, Hadley & McCloy and Boies, Schiller & Flexner have already signed on to move into the building when it opens in 2018.
“Hudson Yards represents a perfect fit for our corporate mission to deliver innovative technology solutions to our clients,” MarketAxess’ CEO Richard McVey said in a statement. “We are thrilled to invest in New York City’s newest community, and to provide a world class office environment for our employees and our clients.”
Two years ago, Fortune touted McVey as “the man behind the $7.7 trillion bond revolution," adding that he was “disrupting the old-fashioned way that Wall Street buys and sells corporate bonds — and cashing in on the change.”
McVey’s company will lease 83,000 square feet of space across three floors at 55 Hudson Yards, the release noted.