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Based in New York, Mr. Cleaves leads the strategy and development of the Dealerweb Central Limit Order Book (CLOB) recently acquired from Nasdaq. Mr. Cleaves draws on his extensive experience running electronic markets for the most liquid Treasury instruments, interfacing with clients, technologists and regulators to ensure the successful integration and growth of Dealerweb CLOB.

Prior to joining Dealerweb, Mr. Cleaves was CEO of BrokerTec Americas with oversight of all global fixed income products. With ICAP and the NEX Group, he also served as Global Head of Product for EBS and BrokerTec and well as Head of U.S. Sales for BrokerTec. Mr. Cleaves started his career at Liberty Brokerage and spent 13 years managing accounts and executing trades for sell side firms.