Instinet appoints E*Trade's Michael Bundy CTO

Instinet appoints E*Trade's Michael Bundy CTO

Electronic broker Instinet has appointed Michael Bundy as chief technology officer, replacing Andrew Banhidi.

In a statement Instinet says Banhidi has "decided to leave the company to pursue other interests".

Bundy was previously at E*Trade Financial where he was a senior manager overseeing the development and maintenance of trading systems used by the company's securities, capital markets, and Canadian divisions.

Prior to this assignment, Bundy supervised all of the E*Trade Professional trading, market data and middle-office technologies.

He also previously held technology research positions at Baylor College of Medicine, AT&T Bell Laboratories and NeoSoft.

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