22 May 2017
Visit www.capgemini.com/worldreports

Deutsche Bourse acquires stake in fixed income platform Bondcube

12 February 2014  |  5150 views  |  0 Stock exchange close up numbers 1

Deutsche Börse has acquired a minority stake in fixed income liquidity discovery start-up Bondcube.

London and Boston-based Bondcube is as an electronic platform for large, market-sensitive bond orders that are typically executed via the telephone. The firm uses trading protocols from other markets, such as equities, to optimise liquidity discovery in a marketplace open to both buy and sell-side participants.

Paul Reynolds, CEO of Bondcube - and a former Deutsche bank and UBS exec - says: "The perception of a lack of liquidity in the bond market arises because the existing trading infrastructure protocol means the buy-side can only request liquidity from the sell-side. To solve this problem Bondcube enables all users, whether buy-side or sell-side, to discover liquidity amongst each other, known as 'all to all'."

Deutsche Börse says its stake in the business was acquired for a "low sum in the single digit millions (GBP)".

Johannes Weßling, responsible for bonds trading at Deutsche Börse, says: "Through this exciting move Deutsche Börse enlarges its client reach with direct access to the buy side whilst offering unique benefits to the sell side with no disintermediary effect."

Bondcube has commenced signing-up customers and forecasts that clients will be trading with each other in the 3rd quarter of 2014.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deutsche Bourse IT reshuffle continues as Keller named CIO

Deutsche Bourse IT reshuffle continues as Keller named CIO

29 October 2013  |  5221 views  |  0 comments
Deutsche Börse CTO and Clearstream CIO Baguet quits

Deutsche Börse CTO and Clearstream CIO Baguet quits

11 October 2013  |  9893 views  |  0 comments | 1 tweets
Deutsche Bourse puts market data in the cloud

Deutsche Bourse puts market data in the cloud

30 September 2013  |  9204 views  |  0 comments | 6 tweets | 3 linkedin
Deutsche Börse connects with Liquidnet for block trading service

Deutsche Börse connects with Liquidnet for block trading service

18 July 2013  |  4104 views  |  0 comments
Deutsche Börse preps cloud computing exchange

Deutsche Börse preps cloud computing exchange

02 July 2013  |  6972 views  |  0 comments | 5 tweets | 2 linkedin
Deutsche Börse creates IT and market data unit

Deutsche Börse creates IT and market data unit

07 May 2013  |  5236 views  |  0 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.capgemini.com/worldreportsDownload the paper nowvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
European banks lobby Commission to push ahead with screen scraping banEuropean banks lobby Commission to push ah...
8495 views comments | 29 tweets | 35 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8490 views comments | 28 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8048 views comments | 27 tweets | 27 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
7667 views comments | 22 tweets | 28 linkedin
UK consumers ready to swap banks for tech giantsUK consumers ready to swap banks for tech...
7604 views comments | 36 tweets | 46 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job