Christopher Heeley Joins Blackbird as New Chief Technology Officer.Business Editors CHARLOTTE, NC--(BUSINESS WIRE)--Oct. 3, 2000 First Union Senior Officer to Strengthen Leadership Role of World's First Inter-Dealer Electronic Trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. System for OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Derivatives Blackbird Holdings, Inc., builder and operator of Blackbird, the world's first inter-dealer electronic trading system for a wide range of privately negotiated interest rate and currency derivatives, today announced the appointment of Christopher C. Heeley as its new Chief Technology Officer. "Chris' expertise will prove critical as we expand Blackbird's leadership role in the derivatives e-trading marketplace," said Shawn Dorsch, President and Co-Founder of the company. "His broad background in the field of information technology will continue to fuel Blackbird's momentum as we expand our trading system into Europe and Asia." Mr. Dorsch noted that the Blackbird system is currently operational in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. offices of about 40 of the world's most sophisticated financial institutions. Underlying the system's success, added Mr. Dorsch, is its innovative technology, which was awarded a U.S. patent in June 2000. Prior to joining Blackbird, Mr. Heeley served as Senior Vice President and Director of Technology Strategy for First Union National Bank, where he was responsible for technology planning, architecture, research and development and vendor and product selection. From 1996-1999, Mr. Heeley held several senior information technology positions with The Vanguard Group, including responsibility for the company's Internet Technology Group. Mr. Heeley's extensive information technology background also includes key roles at Citicorp's Card Division, where he was Vice President for Software Development and Architecture and USAA USAA United Services Automobile Association USAA Urban Superintendents Association of America USAA United States Achievement Academy USAA United States Arbitration Act of 1925 USAA United States Axemen's Association USAA United States Air-Table-Hockey Association , where he served as Director of Information Services See Information Systems. . Heeley received a BS in Business Administration from Washington University in St. Louis “Washington University” redirects here. For other uses, see Washington (disambiguation). Washington University in St. Louis is a private, coeducational, research university located in St. Louis, Missouri. , MO in 1974, and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Management from Our Lady of the Lake University in San Antonio, TX in 1989. About the Blackbird system Developed by traders for traders, Blackbird is a flexible, interactive trading system that offers a screen-based alternative to the current inter-dealer voice broker services. It provides users with enhanced liquidity and information, flexibility and control, and the increased accuracy that an electronic interface allows. Blackbird has been facilitating electronic trading by dealers in U.S. and Canadian dollar interest rate swaps Interest Rate Swap A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies. and forward agreements since September 1999. Blackbird is now poised for expansion into both London (fourth quarter 2000) and Tokyo (first quarter 2001) and has opened offices in both cities. About Blackbird Holdings, Inc. Blackbird Holdings, Inc. (www.blackbird.net), formerly DNI See Do Not Increase. Holdings, Inc., is the builder and operator of Blackbird, the world's first inter-dealer electronic trading system for a wide range of privately negotiated interest rate and currency derivatives. Founded in 1996 by former derivatives traders, Blackbird is headquartered in Charlotte, NC and has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London and Tokyo. At mid-year 2000, the company staffed over 70 people. In April 2000, Internet Capital Group, a leading Internet company that actively engages in business-to-business e-commerce through a network of partner companies, invested $29 million for a stake in Blackbird, underscoring the system's strong momentum in the marketplace. |
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