NYSE Preps for Monday Launch of NYSE Bonds
The NYSE is preparing to launch NYSE Bonds, a trade-matching platform created to emulate trading on an equities exchange rather than the request-for-quote model familiar to the fixed-income market. John Holman, VP of Fixed Income, NYSE Group, notes that the initial focus is corporate bonds, but he is considering expanding the system to include Treasuries, munis, credit default swaps and convertible securities down the road.
UNX Provides Access to Algo Tools Via IM
Buy-side traders who use instant messaging to communicate with and route order flow to the sell-side community now can use IM to sweep crossing networks and dark pools.