Tuesday, August 16, 2011

BondDesk Appoints Electronic Trading Luminary Kim Bang as CEO


NEW YORK -- BondDesk, the leading provider of retail fixed income trading technology and execution services, today announced it has appointed Kim Bang as Chief Executive Officer. A founding member and former CEO and President of Bloomberg Tradebook, Mr. Bang most recently held the position of COO of EMEA and Asia Pacific for Bloomberg Enterprise Products and Solutions.


“The opportunity to join BondDesk and help lead one of the most innovative companies in the fixed income market was impossible to pass up,” said Bang. “This market is ripe for further automation and technological advancement and BondDesk is already leading that charge. I am excited to help accelerate that effort even further and cement the company’s reputation as the clear leader and agent of change in the retail fixed income space.”“Kim is an absolutely perfect fit to lead BondDesk on its mission to revolutionize the retail fixed income market through technological advancement and strong, strategic industry leadership,” commented BondDesk Chairman Howard Edelstein. “Kim’s wealth of experience and impressive track record of pushing the innovation envelope will serve BondDesk and its customers extremely well. I look forward to working closely with Kim to take BondDesk to the next level of success.”BTIG Hong Kong Limited is an affiliate of BTIG, LLC, a U.S. based broker-dealer and a premier global institutional brokerage and fund services company. Founded in 2002, BTIG, including through its affiliates, employs more than nearly 400 professionals in five different countries. BTIG serves customers from all over the world and offers services in 11 areas: Equity Trading, Fixed Income, Futures Trading, Convertible Securities, Equity Derivatives, Prime Brokerage, Outsource Trading, Direct Market Access, Capital Markets, Equity Research and Corporate Access. BTIG has nine U.S. offices: New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, and Orinda, and four international affiliates: London, Hong Kong, Singapore and Sydney.Added Harrison, “We believe much of the growth in the Asia-based Outsource Trading service will come from new manager launches. New managers will choose outsource trading as an interim solution until their assets under management support hiring a bigger team. We also expect that existing fund managers will add BTIG as an extension of their internal dealing desk or as a substitute for employing one in-house. The outsource solution we provide allows investment managers to concentrate on what they do best – identifying new investment opportunities and managing current investments.”BondDesk Group LLC is the nation’s largest retail bond trading venue, providing enterprise-wide fixed income solutions to many of the top broker-dealers in North America. The BondDesk Alternative Trading System (ATS), run by BondDesk Trading LLC, connects broker-dealers through a centralized marketplace by offering a diverse pool of liquidity for odd-lot fixed income securities in multiple asset classes. The BondDesk ATS executes over 20,000 transactions per day by providing 2,000 broker-dealers access to 100,000 live and executable offerings from over 100 premier fixed income dealers. In addition, BondDesk Group is a leading provider of innovative fixed income wealth management solutions, advisor workstations, and fixed income analytical tools and applications.BTIG Singapore Pte. Ltd is registered and licensed with MASComputer desks furniture is found in almost every business. In many cases it has become a commodity purchasing decision where almost any brand, model or quality level will do. However, if you are looking for industrial computer desks furniture that needs to last for decades instead of a few years, Spacify have robust, all computer workstation furniture that is modular and designed to fit most any set of application requirements, or floor space available.Jesse Lentchner, BTIG Chief Executive Officer for Asia Pacific, said, “BTIG understands the challenges facing fund managers who want to execute their global strategies and grow their managed assets without having to build out a dedicated in-house trading desk. BTIG’s Outsource Trading Desk provides these managers not only with a valuable service, but also with instant trading expertise.”To learn more about BondDesk, visit www.bonddeskgroup.com.

To learn more about BondDesk, visit www.bonddeskgroup.com.




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