US platform bids to shake up institutional bond trading

Online alternative trading system and licensed broker-dealer Group has announced its senior management structure.
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Online alternative trading system and licensed broker-dealer Group has announced its senior management structure. aims to provide users with a new model for trading fixed income instruments in small size. The platform claims it can reduce the time, effort and cost of execution across a range of fixed income instruments all of which trade large volumes at small sizes.

The company provides an inventory of over 35,000 fixed income securities from 175 liquidity providers and access to the inventories of 1,800 institutional accounts. Asset classes currently offered include corporate bonds, emerging market debt and mortgage and asset-backed bonds.

“ is committed to providing traders with advanced tools that give them access to the entire information landscape and the ability to execute against live orders on either a list or individual bond basis,” said George O'Krepkie, president,

O'Krepkie joined as president, having previously been head of dealer relationship management at electronic bond trading platform MarketAxess and a former director, fixed income at US broker-dealer BTIG.

The firm's CEO is Michael O. Sanderson, who has previously held the position of CEO at Nasdaq Europe, chairman and CEO of Reuters Americas, CEO of agency broker Instinet and chairman and CEO of Merrill Lynch Canada.

John Ryan has been chosen as the company's chief administrative officer. Before joining, he worked as chief financial officer and CAO of investment bank Zurich Capital Markets, where he also served as a director and chair of the audit committee of Zurich Bank (Ireland). Prior to working at Zurich, Ryan was chief financial officer of Greenwich Capital Markets.

The firm's chief financial officer is Jeffrey Chertoff. Prior to joining, he worked as CFO of both asset management firm Stonecastle Partners and investment bank Daiwa Securities, America, as well as president of the financial management division of industry body the Securities Industry Association (now the Securities Industry and Financial Markets Association). is a member of industry bodies the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation and the Municipal Securities Rulemaking Board.