Before joining Instinet Bundy worked for E*Trade Financial, where he was a senior manager overseeing the development and maintenance of the trading systems used by E*Trade Securities, E*Trade Capital Markets, and E*Trade Canada. Prior to this Bundy held various technology research positions at Baylor College of Medicine, AT&T Bell Laboratories and NeoSoft. Commenting on his new appointment, Bundy says: "I see Chi-X today as being in a similar position to Island's in the US in the late 1990s, with Chi-X and other such systems on the cusp of completely revolutionising the European equity markets through ultra fast, highly scalable technology."