Difference between revisions of "BondDesk Group LLC"

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| company_name = BondDesk Group LLC
| company_name = BondDesk Group LLC
| company_logo =  [[file:BondDesk Group logo.gif]]
| company_logo =  [[file:BondDesk Group logo.gif]]
| key_people =    Howard Edelstein, CEO; John Bagley, President, BondDesk Trading
| foundation =    1995
| foundation =    1995
| location =      Mill Valley, CA
| location =      Mill Valley, CA
| employees =      <!-- Approx number of employees -->
| employees =      <!-- Approx number of employees -->
| products =      Fixed-Income Technology, Alternative Trading System
| products =      Fixed-Income Technology, Alternative Trading System
| twitter =        @BondDesk
| linkedin =      <!-- LinkedIn ID for the company -->
| linkedin =      <!-- LinkedIn ID for the company -->
| facebook =      <!-- Facebook Page -->
| facebook =      <!-- Facebook Page -->
| homepage =      http://www.bonddeskgroup.com/
| 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 -->
}}
}}


BondDesk Group LLC is a [[fixed-income]] technology firm. BondDesk Trading, the firm's [[alternative trading system]] ([[ATS]]) is 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>
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.
    
    
== History ==
== History ==
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|Paine Webber]] and [[Spear Leads & 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]].
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]].
 
BondDesk ATS commenced 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>
 
In July 2006, [[private equity]] firm Advent International acquires a majority interest in BondDesk. In August 2013, Advent reportedly initiated the process to sell BondDesk. The firm's value has been estimated at around $200 million, and leading bidders for the firm reportedly include rival fixed income platform operators [[TradeWeb]] and [[MarketAxess]].<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>
 
 
== Products and Services ==
BondDesk Group's products include the following:
* BondDesk Direct, which allows users to access fixed income inventories in the United States;
* BD Institutional, which delivers live and executable multi-dealer fixed-income offerings;
* Trader WorkStation, a real-time position keeping and trading system;
* Liaison WorkStation, which enables users to access fixed-income liquidity pools in the United States;
* Advisor WorkStation, which delivers decision support tools.
* BondDesk Alternative Trading System, which connects [[broker-dealer]]s through a centralized marketplace;
* MPA Workstation, a [[fixed-income]] decision-support solution;
* BD Syndicate, a [[municipal]] [[underwriting]] [[platform]];
* Decision Analytics, an enterprise-wide fixed-income client [[portfolio]] review and reporting system.<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=710909|name=BondDesk Group|org=Bloomberg Businessweek|date=January 11, 2012}}</ref>
 


== Key People ==
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>
* [[Howard Edelstein]], Chief Executive Officer
* John Bagley, President, BondDesk Trading LLC
* Don Swartz, Head of Technology
* Jan Mayle, Head of Product Management and President of TIPS and TechHackers
* Greg Stockett, Chief Operating Officer, Chief Financial Officer


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>





Latest revision as of 17:26, 29 November 2014


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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]