BIDS Trading, L.P., the alternative trading system (ATS) designed to increase competition and liquidity in the US equity block trading market, has named industry veteran Marybeth Shay as senior managing director of Sales and Marketing.
Shay will spearhead the growth of BIDS Trading and strategic business development.
In her position, 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 concerted effort to form lasting client relations and build upon BIDS Trading’s reputation as a unique, alternative liquidity source in the block trading market. Marybeth’s extensive experience and strong industry ties will be of tremendous importance as BIDS Trading continues to unite the buy-side and sell-side communities and further improve how they trade blocks,” says Tim Mahoney, CEO, BIDS Trading.
Prior to joining BIDS Trading, Shay served as senior vice president of Sales and Marketing for the Boston Equities Exchange (BeX), where she was a member of the board of directors of the BSX Group, LLC. Shay was employed by the Boston Stock Exchange for thirteen years, overseeing business and product development, the Market Operations Center and the sales effort for the equity business of the Exchange. She has also worked at Colonial Mutual Funds, in both sales and management capacities.
“I look forward to joining the sales and marketing force at BIDS Trading to offer an even greater number of buy- and sell-side firms access to the growing liquidity on the platform. It will be rewarding to help deliver on BIDS Trading’s promise to offer the broadest participation and deepest liquidity pool possible,” says Shay.
The BIDS Trading ATS is accessible to both buy-side and sell-side firms that want to trade large blocks through continuous order matching and trade negotiation. Use of the BIDS Trading ATS as a block trading service is not exclusive or subject to volume commitments and each participant may continue to use any ATS, ECN or exchange service that supports the trading needs of its customer base.