24 jun: TECH STOCKS: Apple Losses Stand Out As Tech Stocks Suffer
24 jun: Bonds.com Flips To Live Pricing For Bank Debt, Scraps Quotes
24-06-2013 16:31:00

Bonds.com Flips To Live Pricing For Bank Debt, Scraps Quotes

Relateret indhold
03 apr - 
Verdens største virksomhed
Relateret debat
10 nov - 
The central-bank members fully understood there would b..
10 nov - 
By Wallace Witkowski and Polya Lesova, MarketWatch SAN ..

By Katy Burne

A bond-trading platform operated by Bonds.com Group Inc. (BDCG) began requiring participants to buy and sell debt securities on live and executable prices Monday, a departure from the market's more-routine practice of using indicative quotes.

The move by Bonds.com is a break with a long tradition where bonds have traded by appointment, and is another step on the continuum towards making bonds trade continuously like equities, although this is only expected to be possible for the most actively traded securities. Thomas Thees, CEO of Bonds.com, said he would flip the switch to live prices on 14 bonds issued by seven financial-firm borrowers as an experiment.

For decades, bond trading has been primarily over the phone and shielded from the public spotlight that shines on stock markets.

But recent gyrations in the bond markets have jarred secondary trading, luring dealers and investors away from the shadows and increasingly onto open, electronic platforms.

"We are trying to move the market forward and this is what we are hearing people would really like to see in the advancement of [bond] market structure," said Mr. Thees, referring to live and executable prices.

At present, there is a speed bump to most corporate bond trading. A buyer will receive a quoted price, but that price can move away from them by the time the trader calls a dealer, setting off a period of negotiation before the trade is booked.

Electronic bond networks primarily give traders a last look at prices, meaning many transactions will not be completed. Moving to live prices will remove that "last look" function on Bonds.com, meaning dealers will not be allowed to back away from prices in the 14 relevant securities trading on live prices for any trades up to $500,000.

The issuers whose bonds will flip to the new format on Bonds.com are J.P. Morgan Chase & Co. (JPM), General Electric Capital Corp., Morgan Stanley (MS), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS), Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC).

Write to Katy.Burne@dowjones.com

(END) Dow Jones Newswires

June 24, 2013 10:31 ET (14:31 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Aktier/middag: Vestas fester, mens B&O er i kulkælderen

22-12-2014 11:30:03
Det danske aktiemarked er positivt stemt mandag, hvor Vestas fører an i et let stigende C20-indeks. Baggrunden er, at Vestas har fået den første kommercielle or..

Aktier/tendens: Positiv åbning i vente - B&O og Vestas i fokus

22-12-2014 08:34:15
Bang & Olufsen vil være i fokus fra åbningen på det danske aktiemarked mandag, efter at selskabet mandag morgen nedjusterede forventningerne til til regnskabsår..

Vestas vinder ordre på 34 MW i Tyrkiet - NY

19-12-2014 16:36:45
Vestas har fredag vundet en tyrkisk ordre på levering af 17 vindmøller med en samlet kapacitet på 34 megawatt.Det fremgår af en pressemeddelelse fra den danske ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Positiv åbning i vente - B&O og Vestas i fokus
2
AaB: Succestræner stopper til sommer
3
MHI Vestas Offshore vinder første ordre på sin V164-mølle
4
Aktier/åbning: Belønning til Vestas og straf til B&O
5
Vestas/Sydbank: Vingeoutsourcing i Kina giver god mening

Relaterede aktiekurser

Bank of America Corp 17,62 0,0% Aktiekurs uændret
General Electric Co 25,62 0,0% Aktiekurs uændret
Morgan Stanley 38,51 0,0% Aktiekurs uændret
Citigroup Inc 54,01 0,0% Aktiekurs uændret
JPMorgan Chase & Co 61,93 0,0% Aktiekurs uændret
Wells Fargo & Co 54,45 0,0% Aktiekurs uændret
Goldman Sachs Group Inc 193,28 0,0% Aktiekurs uændret
General Electric 20,94 2,0% Stigning i aktiekurs
GEN Elec 25,60 4,3% Stigning i aktiekurs
Gen.Electric COM STK USD.. 20,34 0,0% Aktiekurs uændret
JP Morgan COM STK USD1 62,00 0,0% Aktiekurs uændret
Bank of America COM STK .. 17,62 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.

Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
22. december 2014 13:45:19
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20141219.2 - EUROWEB2 - 2014-12-22 13:45:19 - 2014-12-22 13:45:19 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x