# David E. Rutter

> David E. Rutter is an American financial markets entrepreneur based in London. The founder and former CEO of R3, he previously led ICAP’s electronic broking business, founded the US Treasury trading venue LiquidityEdge, acquired by MarketAxess for approximately $150 million in 2019, and co-founded LedgerEdge, which closed in 2023. He is board chair at AIQ Markets.

- **Role:** Founder at R3; Board Chair at AIQ Markets
- **Organizations:** R3, AIQ Markets, LiquidityEdge, LedgerEdge, ICAP, Prebon Yamane, Chicago Board Brokerage, HQLAx, charity: water
- **Nationality:** American
- **Education:** Bachelor of Science in Business Administration, Villanova University
- **Known for:** Founded LiquidityEdge, acquired by MarketAxess for approximately $150 million in 2019., Founded R3, the company behind the Corda distributed ledger platform., Oversaw BrokerTec and EBS as chief executive of ICAP Electronic Broking.

## Career timeline

- **1984** — Graduated from Villanova University and began work as a board boy at a money market firm.
- **1988** — Began his tenure at Prebon Yamane; subsequently became co-owner and CEO for the Americas.
- **1994** — Began work in electronic trading through Chicago Board Brokerage’s US Treasury platform.
- **2009** — Became chief executive of ICAP Electronic Broking, overseeing BrokerTec and EBS.
- **2014-2015** — Founded R3; its nine-bank consortium became public in September 2015. R3’s own pages use both 2014 and 2015 for its founding.
- **2015** — Founded LiquidityEdge, an electronic US Treasury trading venue.
- **2019** — MarketAxess completed its approximately $150 million acquisition of LiquidityEdge on November 1.
- **2020** — Co-founded corporate bond trading venture LedgerEdge.
- **2022** — LedgerEdge launched its UK-regulated multilateral trading facility in May.
- **2023** — LedgerEdge closed and entered administration.
- **2025** — As R3 founder and CEO, announced collaboration with the Solana Foundation and the launch of R3 Labs.
- **2026** — R3 lists him as founder, with Richard G. Brown as CEO; AIQ Markets lists him as board chair.

## Achievements

- Founded LiquidityEdge, acquired by MarketAxess for approximately $150 million in 2019.
- Founded R3, the company behind the Corda distributed ledger platform.
- Oversaw BrokerTec and EBS as chief executive of ICAP Electronic Broking.
- Ranked 18th in Institutional Investor’s 2017 Tech 40.

## Latest updates

- **2026-10** — Research check: R3’s current leadership page lists Rutter as founder and Richard G. Brown as CEO; AIQ Markets lists Rutter as board chair. This is an observation date, not an appointment date.
- **2026-06** — Proof of Talk lists his June 3 Paris panel on enterprise blockchain and tokenised markets alongside Tim Grant and Ben Nadareski.
- **2025-09** — Rutter announced R3 Labs, with Richard G. Brown as its CEO; R3 reported $17 billion in tokenised assets across its platforms.
- **2025-05** — R3 announced a strategic collaboration with the Solana Foundation.

## Links

- Website: https://r3.com/
- LinkedIn: https://www.linkedin.com/in/daviderutter/
- Twitter/X: https://x.com/daviderutter1

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Profile page: https://yespress.io/david-rutter
Published by YesPress — https://yespress.io
Last updated: 2026-10-22