280 CapMarkets

280 CapMarkets was a financial technology firm founded in 2016 by bond market veterans David Rudd and Gurinder S. Ahluwalia, along with technologist Prescott Nasser. The company was established to address inefficiencies in the fixed-income markets, particularly for independent financial advisors and wealth managers. David Rudd, a 20-year veteran of institutional fixed-income sales and trading, was driven by the belief that technology could create a more transparent, conflict-free model for advisors. Prescott Nasser, who became the Chief Technology Officer, brought expertise in delivering innovative technologies to financial markets, with a background in economics, cognitive science, and computer science.

In February 2021, 280 CapMarkets announced a merger with Incapital, a leading underwriter and distributor of fixed-income and market-linked securities founded in 1999 by Thomas S. Ricketts. The merger, which officially closed in July 2021, created a new fintech entity named InspereX. The combination was highly strategic, uniting Incapital's deep market knowledge, extensive distribution network, and capital strength with 280 CapMarkets' technology. The leadership of the new firm included John DesPrez as CEO, Tom Ricketts as Chairman, David Rudd as President, and Prescott Nasser as CTO.

The core of the company's offering is BondNav®, a cloud-native bond aggregation platform. This technology provides financial advisors, institutions, and issuers with a consolidated view of the fragmented bond market. BondNav aggregates real-time pricing and offerings from multiple electronic trading platforms, banks, and broker-dealers, aiming to deliver price transparency and support best execution. The platform allows users to access a broad universe of fixed-income securities, including municipal and corporate bonds, brokered CDs, and market-linked products. For its clients, primarily investment advisors and wealth managers, the platform provides tools for portfolio monitoring, trade ideas, and compliance documentation. Revenue is generated through its broker-dealer operations, facilitating trades and providing liquidity in the fixed-income markets. In November 2021, Goldman Sachs Advisor Solutions selected BondNav to power its fixed income market technology for independent RIAs.

Keywords: fixed income technology, bond trading platform, wealth management tools, financial advisors, municipal bonds, corporate bonds, price transparency, best execution, market aggregation, InspereX, BondNav, David Rudd, Prescott Nasser, Gurinder S. Ahluwalia, fintech, broker-dealer, institutional sales, market-linked products, RIA solutions, bond marketplace, investment technology, capital markets, securities distribution, structured products, certificates of deposit