Tuesday April 14 2015
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Bondcube, the Fixed Income trading platform has gone live in Europe & the US with full match, negotiation and trading functionality for all to all bond trading.
Bondcube takes indications of interest (IOIs) from both buy-side and sell-side participants. Buy-side to buy-side match anonymously and cross through an intermediary. Buy-side to sell-side trade on a fully disclosed identity basis. All participants can bulk upload their indications of interest, where they indicate a security, direction and minimum and maximum trading size, without the need for a specific price or spread. These IOIs remain anonymous and invisible on the platform, either on an active or historic basis, until a match is found. Only the participants that have the offsetting interest in that security are notified and eligible to begin a negotiation for a trade.
Click on the link above for further details.