Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Careers

10:57 AM
Connect Directly
Facebook
Google+
Twitter
RSS
E-Mail
50%
50%

BondDesk Names Kim Bang as CEO

Hires the former CEO of Bloomberg Tradebook to drive technological change in the retail fixed-income space.

Kim Bang
Kim Bang

Kim Bang, the former chief executive officer of Bloomberg Tradebook, has been appointed CEO of Bond Desk, a leading provider of retail fixed income trading technology and execution services.

Bang was a founding member and former CEO and president of Bloomberg Tradebook, the electronic execution platform and institutional agency broker. Bang most recently held the position of COO of EMEA and Asia Pacific for Bloomberg Enterprise Products and Solutions.

Based out of BondDesk’s New York office, Bang will work to further BondDesk’s efforts to make the retail fixed income markets more transparent and accessible through innovative solutions for broker-dealers, correspondent clearers and online brokers.

BondDesk is counting on Bang’s experience in founding, developing and turning Bloomberg Tradebook into one of the industry’s premier electronic trading platforms, to contribute toward BondDesk’s efforts to bring further innovation to the fixed income markets. Founded in 1999, BondDesk introduced one of the first electronic venues for fixed income execution, the BondDesk ATS (alternative trading system), which currently executes over 20,000 transactions a day. The ATS connects broker-dealers through a centralized marketplace by offering a diverse pool of liquidity for odd-lot fixed income securities in multiple asset classes.

“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, in the release. “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.”

After Bang joined Bloomberg Tradebook as a founding member in April 1996, he assumed the responsibility of president in December 1999 and the title of CEO in April 2004. During his tenure, Bloomberg Tradebook became one of the leading electronic execution platforms in the market, serving institutional investors globally with comprehensive front-to-back execution, clearance and settlement solutions across multiple asset classes, states the release. Among the initiatives Bang led are the first institutional consolidated limit order book and outbound smart order sweeping technology in 1998; the launch of Powermatch, Bloomberg’s electronic energy brokerage system, in 2000; the introduction in 2002 of a commission management service featuring third-party independent research commission sharing agreements; and the establishment of the first centralized FX ECN for execution, clearing and settlement in 2007. He also pushed Tradebook’s expansion into international markets, among other initiatives.

Prior to joining Bloomberg, Bang was president of Futech Capital Management, a hedge fund managing quantitative derivative trading strategies for institutional clients. Earlier in his career, he traded fixed income derivatives for Commerzbank in Luxembourg, and held prior sales trading positions at BankAmerica Futures and Drexel Burnham Lambert.

“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 in the release. “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.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.