Richard Murphy is the CEO and one of the co-founders of Australian Corporate Bond Company.
Before establishing ACBC with the other co-founders and putting in place the executive team, Richard had over 25 years' experience of developing new markets, products and services for ASX Limited.
ETF market & mFund service
During his time at ASX, Richard was involved in developing the ETF market from a $600m market to a $10 billion market. He introduced the biggest evolution to CHESS - the mFund service, allowing transactions in managed funds to be settled, alongside equities.
Warrant & ETO markets
He made significant changes to both the Warrants and ETO markets in product structure, market-making, pricing and marketing. He also developed the AQUA market listing concept for ETFs, Funds and Structured Products.
He developed a magazine with Fairfax, called “Leverage” to promote more complex investment products, which was funded from capital Richard sourced from the investment banks. His team developed the initial concept for a direct gold security on ASX, which was developed by Graham Tuckwell’s ETF Securities resulting in the launch of the world’s first Gold ETF in 2003.
Trading markets
Richard was responsible for ASX’s HFT and dark pool strategy, including:
Centre Point, the world’s largest exchange operated dark pool
VolumeMatch and
PureMatch
He also led the team developing ASX's equity market micro-structure changes to ASX’s crossing rules, block trade thresholds, trading fees, plus a range of new trading mechanisms. All of which was ASX’s precursor to a multi-exchange environment.
Capital markets
Richard’s team developed ASX BookBuild along with OMB Ltd, a world-first on-exchange BookBuild system, the ASX Equity Research Scheme and a range of Investor Relations services and products for smaller listed companies.
He led the task of evolving the capital raising environment for ASX companies by increasing the capital raising level for smaller companies via placement, and overhauled the IPO, SPP and Rights Issue environment.
He and his colleagues developed the Biotech Reporting code, a world’s first technical reporting code that followed the conceptual mode of the Extractive Industry code.
ASX Spotlight series
His team established the ASX Spotlight series taking small and mid-cap companies around the country and internationally, which led to developing a forum for one-on-one presentations with institutional investors in London, New York, Singapore and Hong Kong.
Prior to working for ASX, Richard worked in London for the Financial Times Group and was educated at Trinity College Dublin where he gained an honours degree in biochemistry.
