BIDS Trading, an alternative trading system (ATS) for the US equity block trading market, has named Marybeth Shay as senior managing director, sales and marketing. Shay will spearhead the growth of BIDS Trading and strategic business development.
The firm says Shay will focus on connecting additional order management and execution management systems to the BIDS Trading platform, as well as developing further buy-side connectivity. Shay will also manage overall direction and day-to-day operation of the sales and marketing team.
“Marybeth will prove integral in our effort to form lasting client relations and build upon BIDS Trading’s reputation as an alternative liquidity source in the block trading market,” says Tim Mahoney, CEO, BIDS Trading. “Marybeth’s experience and industry ties will be of importance as BIDS Trading continues to unite the buy-side and sell-side communities and further improve how they trade blocks.”
Before joining BIDS Trading, Shay held positions at the Boston Equities Exchange (BeX), the Boston Stock Exchange and Colonial Mutual Funds, in both sales and management capacities.