ESpeed, the electronic market for bond trading, has appointed Kevin Foley as its new president and promoted Lee Amaitis, its current president, to vice chairman. Foley was founder and chief executive of Bloomberg's Tradebook agency broking business.

He was with Bloomberg for 14 years, and is now set to spearhead the creation and expansion of new electronic marketplaces and products, such as foreign exchange, equities and mortgage-backed securities on eSpeed, in which Cantor Fitzgerald, the money broker, has a 47% stake.