BondDesk, a provider of US fixed income trading technology and execution services, has appointed former Bloomberg Tradebook president and CEO Kim Bang as CEO.
Bang most recently held the position of COO of EMEA and Asia Pacific for Bloomberg enterprise products and solutions. Based in New York, Bang will lead BondDesk's efforts to improve transparency and accessibility in the retail fixed income markets the supply of technology to brokers.
Bang joined Bloomberg Tradebook as a founding member in April 1996. He assumed the responsibility of president in 1999 and the title of CEO in 2004. During his time with Bloomberg, Bang led several initiatives to bring new technologies and advancements to market. Among them were the development of the first institutional consolidated limit order book and outbound smart order sweeping technology, the launch of Bloomberg's electronic energy brokerage system Powermatch in 2000 and the introduction of a commission management service, as well as the establishment of a centralised FX ECN for execution, clearing and settlement in 2007.
Prior to joining Bloomberg, Bang was president of Futech Capital Management, a hedge fund managing quantitative derivative trading strategies for institutional clients. Before founding Futech in 1993, he developed a European FX cross trading business for American International Group Trading. From 1988-90, he traded fixed income derivatives for Commerzbank in Luxembourg, having held sales trading positions at BankAmerica Futures and Drexel Burnham Lambert.
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 platform provides 2,000 broker-dealers with access to 100,000 live and executable offerings from around 100 fixed income dealers.