Bloomberg Tradebook

Management Team

Raymond M. Tierney III

CEO & President

Raymond M. Tierney III is the Chief Executive Officer and President of Bloomberg Tradebook LLC, an electronic agency broker for institutional traders, broker-dealers, hedge fund managers, plan sponsors, market makers, and portfolio managers worldwide.

Prior to joining Bloomberg, Mr. Tierney was at Morgan Stanley for 16 years, starting in 1994 as an executive director and senior sales trader. He was elected a managing director in 1998 and named head of North America cash sales trading in 2004. Mr. Tierney was named global head of equity trading for Morgan Stanley Investment Management in 2006, responsible for leading MSIM’s worldwide trading efforts. He started his Wall Street career as a trader at Paine Webber (1981–1986), served as a vice president at First Boston (1986–1991), and was a vice president and sales trader at UBS Warburg (1991–1994).

Mr. Tierney received a Bachelor of Arts degree from Villanova University. He is on the Board of Directors of the National Organization of Investment Professionals (NOIP) and serves as executive director of The Mike Foundation. Mr. Tierney is also involved with Wings Over Wall Street and St. Jude Children’s Research Hospital.

 

Gerald E. Burke

Chief Financial Officer

Jerry Burke joined Bloomberg Tradebook in 2010 as its Chief Financial Officer. He is responsible for all financial aspects of the Tradebook business.

Prior to joining Bloomberg Tradebook, Jerry was senior managing director and chief operating officer at Pali Capital. He spent the previous 17 years at Merrill Lynch in various senior finance roles, including chief financial officer of Global Equities, Fixed Income, Treasury, Global Operations and Services, and External Financial Reporting. He also served as head of the Global Internal Control Group.

Jerry earned a Bachelor of Business Administration in Accounting from Pace University and is a Certified Public Accountant.

 

Brian Coffaro

Global Head of Product Development

Brian Coffaro joined Tradebook in 2001 and was recently appointed global head of product development responsible for all aspects of Tradebook’s equity, derivatives and algorithmic trading across all asset classes. In his prior position at Tradebook, he was responsible for the launch of Tradebook Futures in 2002 and the subsequent launch and product development of Tradebook Options and FX.

Brian began his career in finance in 1993, working for several proprietary trading firms and concentrating on equity and options trading. Prior to joining Tradebook, he held various posts within Bloomberg L.P., driving the global development and sales efforts of its fixed-income and equity derivative franchises.

Brian holds a Bachelor of Arts degree in Business Management from Kean College. He currently is a committee member for the Futures Industry Association (FIA) IT Division.

 

David Loffredo

Chief Operating Officer

David Loffredo joined Bloomberg Tradebook in 2009. His global operations group is responsible for all aspects of post trade processing across Tradebook’s five asset classes – US Equities, Global Equities, Futures, Options, and FX. In Addition, his group administers Tradebook’s Enterprise Solutions and Commission Management programs.

Prior to joining Bloomberg Tradebook, David was a Managing Director at Lehman Brothers. Before that he was a Partner in Accenture’s Capital Markets Practice where he specialized in Exchanges and Electronic Trading.

David has an undergraduate degree in Economics from Vanderbilt University and is on the Board of Directors of the Westport Little League.

 

Robert Shapiro

Global Head of Trading and Execution Consulting

Robert Shapiro joined Bloomberg Tradebook in 2010 as the Global Head of Trading and Execution Consulting.

Prior to joining Bloomberg Tradebook, Rob was COO of global trading for Morgan Stanley Investment Management (2007–2010) where he was responsible for factors related to trade optimization, including trading technology, trade analytics, execution strategy, and performance measurement. Rob joined Morgan Stanley Investment Management from Abel Noser, Inc., where he served as senior vice president of advanced trading strategies (2005–2007). Earlier, he had been head trader of Iridian Asset Management (1999–2004). Rob began his Wall Street career as an international equity proprietary trader and sales trader at Arnhold and S. Bleichroeder, Inc. (1986–1997); he also served as an institutional research salesperson at Kempen & Co USA (1998) and SEB Enskilda Securities, Inc. (1999).

Rob received a Bachelor of Business Administration from the University of Michigan, Ann Arbor. He proudly serves on the Board of GOAL (Giving Open Access to Learning).

 

Gary Stone

Chief Strategy Officer

Gary Stone has been with Bloomberg since 2001. As Chief Strategy Officer, he is responsible for the discovery of innovative and unique products and forming strategic relationships for Tradebook. He began as a Senior Analyst before being named Director of Trading Research & Strategy in 2004, adding Tradebook development to his responsibilities in 2007.

Prior to joining Bloomberg Tradebook, Gary was vice president of business development and the acting CFO for Multicast Media Network, Inc. He was a vice president and senior trader on a variety of trading desks at (BNP) Paribas Corporation, including the proprietary trading desk. He began his career as an assistant economist in the domestic research group and a trader/analyst on the Open Market Trading Desk at the Federal Reserve Bank of New York.

Gary earned his Master’s in Business Administration in Finance and International Business from the Stern School of Business at New York University and a Bachelor of Arts degree in Computer Sciences, Mathematics and Economics from the University of Rochester. He is a member of the Market Technicians Association and a Chartered Market Technician.

 

Joseph Zangri

Global Head of Compliance

Joseph Zangri has been with Bloomberg since 2000. He began as the Chief Compliance Officer for Bloomberg Tradebook LLC and became the Global Head of Compliance in 2004.

Prior to joining Bloomberg Tradebook, Joseph practiced law as a senior enforcement attorney at the Securities and Exchange Commission’s Northeast Regional Office in New York. Earlier, he served as an assistant district attorney in the White Collar Crime Division of the Suffolk County District Attorney’s Office.

Joseph earned his law degree from Fordham University and his Bachelor of Science degree in Business Administration from the State University of New York at Albany. He is a member of the New York State Bar and a FINRA Certified Regulatory and Compliance Professional. He holds Series 7, 63, 24, 3 licenses as well as a Canadian Securities Senior Officer License. He is on the Board of Directors of the State University of New York at Albany Rugby Football Club.