Difference between revisions of "BondDesk Group LLC"

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{{Infobox_Company
{{Infobox_Company
| company_name = BondDesk Group
| company_name = BondDesk Group LLC
| company_logo =  <!-- use the syntax: [[Image:imgname.jpg]] for this, or leave it blank -->
| company_logo =  [[file:BondDesk Group logo.gif]]
| key_people =    <!-- CEO, President, etc, don't need to list everybody -->
| foundation =    1995
| foundation =    <!-- Year founded -->
| location =      Mill Valley, CA
| location =      <!-- Headquarters city, state, country -->
| employees =      <!-- Approx number of employees -->
| employees =      <!-- Approx number of employees -->
| products =      <!-- Quick list of types of things company does or produces -->
| products =      Fixed-Income Technology, Alternative Trading System
| twitter =        <!-- Twitter ID for the company, e.g. JohnLothian, or leave blank -->
| linkedin =      <!-- LinkedIn ID for the company -->
| linkedin =      <!-- LinkedIn ID for the company -->
| facebook =      <!-- Facebook Page -->
| facebook =      <!-- Facebook Page -->
| homepage =      <!-- No web site?  Just leave this line blank -->
| press =          <!-- A link to where press releases can be found, or leave blank to omit -->
| press =          <!-- A link to where press releases can be found, or leave blank to omit -->
}}
}}


<!-- Put a quick one to two paragraph intro here about the company and what it does -->
BondDesk Group LLC, now part of [[Tradeweb Markets LLC]], was a [[fixed-income]] technology firm and trading platform. The firm's [[alternative trading system]] ([[ATS]]), BondDesk Trading, was among the largest retail fixed income trading platforms in the U.S. The company was founded in 1995 as the BondExchange and is based in Mill Valley, California with additional offices in California, Michigan, and New York.<ref>{{cite web|url=http://www.bonddeskgroup.com/|name=About Us|org=BondDesk Group|date=January 11, 2012}}</ref> The company was acquired by [[Tradeweb LLC]] in 2013, and Tradeweb integrated the BondDesk business with Tradeweb retail to form Tradeweb Direct. <ref>{{cite web|url=http://www.bizjournals.com/buffalo/prnewswire/press_releases/New_York/2013/11/01/NY08753|name=Tradeweb Markets LLC Acquires BondDesk Group LLC|org=Tradeweb|date=November 1, 2013}}</ref> BondDesk was previously owned by [[Advent International]], a Boston-based private equity firm, beginning in 2006.
 
 
<!-- Note that you may change around the order of the section headers below, or rename them
== History ==
    if needed. They are there to get you started, and to remind you to USE section headers!
In October 1995, BondDesk Trading began as Bond Exchange LLC. In October 1999, the current BondDesk entity was founded with investments from [[Goldman Sachs]], [[Paine Webber|UBS PaineWebber]] and [[Spear, Leeds & Kellogg]]. In February 2000, [[Bear Stearns]] and [[Susquehanna International Group]] became partners. The firm again took on equity partners in July 2000, adding [[A.G. Edwards]], [[ABN Amro]], [[Bank of America]], [[RBC|RBC Dain Rauscher]], [[Raymond James]], [[TD Waterhouse]] and [[Wachovia]].
    And yes, take this comment out too when you write your article.
 
    Need to use references?  Use the following line to copy/paste in where needed, and fill out:
    <ref>{{cite web|url=|name=|org=|date=}}</ref>
    url=web url; name=title of page/article; org=Name of organization who owns page; date=today's date-->


== History ==
BondDesk ATS began operations in October 2000 and grew by way of company acquisitions, such as TIPS LLC in August 2001.<ref> {{cite web|url = http://www.finextra.com/news/fullstory.aspx?newsitemid=5137|name = BondDesk.com Acquires TIPS LLC|org = Finextra|date = August 17, 2011}}</ref>, BondNexus in October 2001. <ref> {{cite web|url = http://www.highbeam.com/doc/1G1-79546192.html|name = BondDesk Acquires BondNexus|org = High Beam|date = August 17, 2011}}</ref>, MPA Technologies in September 2002 and TechHackers LLC in January 2005. <ref> {{cite web|url = http://www.bonddeskgroup.com/main/media/81|name = BondDesk Acquires TechHackers from Unisys |org = Wall Street & Technology article|date = August 17, 2011}}</ref>


== Products and Services ==
In July 2006,  Advent International acquired a majority interest in BondDesk. In August 2013, Advent reportedly initiated the process to sell BondDesk. The firm's value was estimated at around $200 million. In addition to Tradeweb, [[MarketAxess]] reportedly bid on the firm. <ref> {{cite web|url = http://www.reuters.com/article/2013/08/28/bonddesk-sale-idUSL2N0GT0UZ20130828?type=companyNews&feedType=RSS&feedName=companyNews|name =Tradeweb and MarketAxess are bidders for BondDesk -sources|org =Reuters|date = August 29, 2013}}</ref>


== Key People ==


== References ==
== References ==
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Latest revision as of 17:26, 29 November 2014



BondDesk Group LLC
BondDesk Group logo.gif
Founded 1995
Headquarters Mill Valley, CA
Products Fixed-Income Technology, Alternative Trading System

BondDesk Group LLC, now part of Tradeweb Markets LLC, was a fixed-income technology firm and trading platform. The firm's alternative trading system (ATS), BondDesk Trading, was among the largest retail fixed income trading platforms in the U.S. The company was founded in 1995 as the BondExchange and is based in Mill Valley, California with additional offices in California, Michigan, and New York.[1] The company was acquired by Tradeweb LLC in 2013, and Tradeweb integrated the BondDesk business with Tradeweb retail to form Tradeweb Direct. [2] BondDesk was previously owned by Advent International, a Boston-based private equity firm, beginning in 2006.

History[edit]

In October 1995, BondDesk Trading began as Bond Exchange LLC. In October 1999, the current BondDesk entity was founded with investments from Goldman Sachs, UBS PaineWebber and Spear, Leeds & Kellogg. In February 2000, Bear Stearns and Susquehanna International Group became partners. The firm again took on equity partners in July 2000, adding A.G. Edwards, ABN Amro, Bank of America, RBC Dain Rauscher, Raymond James, TD Waterhouse and Wachovia.

BondDesk ATS began operations in October 2000 and grew by way of company acquisitions, such as TIPS LLC in August 2001.[3], BondNexus in October 2001. [4], MPA Technologies in September 2002 and TechHackers LLC in January 2005. [5]

In July 2006, Advent International acquired a majority interest in BondDesk. In August 2013, Advent reportedly initiated the process to sell BondDesk. The firm's value was estimated at around $200 million. In addition to Tradeweb, MarketAxess reportedly bid on the firm. [6]


References[edit]