New York-based BIDS Trading has named Marybeth Shay as senior managing director, sales and marketing. Shay will head BIDS Trading’s growth and strategic business development.

"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,” said Tim Mahoney, chief executive officer of BIDS Trading. "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."

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