SAN FRANCISCO, July 11, 2017 /PRNewswire/ -- 280 CapMarketsTM announced today it has initiated municipal bond trading through an innovative business model.
280 CapMarkets brings Silicon Valley to fixed-income capital markets by executing a unique technology and services strategy focused on providing transparency to the municipal bond market. Founded by bond industry veterans almost two years ago, 280 has commenced business and is actively trading.
Headquartered in San Francisco with offices in New York, Seattle, and Manhattan Beach, 280 CapMarkets includes a trading desk that is uniquely dedicated to the independent advisor. This business operates as 280 Securities and works closely with independent financial advisors to provide access to bond offerings with keen insight on pricing and value. By expanding choice and improving price transparency advisors will be better able to serve their investor clients.
"After almost two years of preparation, we are excited to actively engage advisors," said Gurinder S. Ahluwalia, CEO of 280 CapMarkets. "Our firm has three unique pillars: A deep leadership team with decades of bond industry and financial services experience; our unique technology designed to level the playing field for advisors; and our seasoned trading desk. This combination is enabling our firm to solve one of the largest hurdles for advisors to buy bonds directly for their clients."
The licensed broker-dealer, 280 Securities, is led by long time industry professionals with deep knowledge of the challenges advisors face when buying, selling, and managing investor portfolios. The municipal trading desk is managed by Jason Ware, a 15 year bond industry veteran formerly of JP Morgan and Robert Baird. Dave Rudd heads institutional sales, which is key to 280 Securities' ability to provide market insight and customized service for advisors. Tom Lockard joins 280 Securities as Head of Investment Banking from fintech pioneer Fundrise; previously he enjoyed a 30-year career as an investment banker at the municipal bond specialist Stone & Youngberg.
Beginning today, advisors can turn to 280 Securities for better bond market transparency enabling them to execute with confidence for their clients.
About 280 CapMarkets
Headquartered in San Francisco, 280 CapMarkets combines the experience and execution services of a traditional Broker Dealer (280 Securities LLC, a member of FINRA/SIPC) with a cloud-based Technology platform (280 Technologies LLC) to provide intuitive bond trading ideas and transparency to the process of buying or selling bonds. 280 is focused on serving Advisors and Wealth Managers and uses its balance sheet to provide liquidity to advisor-clients in fixed-income markets. To learn more, visit 280capmarkets.com.
SOURCE 280 CapMarkets
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