Zions Bank launches electronic bond trading platform

Zions Bank launches electronic bond trading platform

Zion Bank Capital Markets has launched GovRate-DLR, an electronic platform for government, agency, discount notes and corporate bond trading.

The new system offers primary dealers, regional dealers and institutional clients live, real-time access to liquidity in the government, agency, discount note and corporate bond markets over the Internet.

Developed, hosted and supported by MoneyLine, Zions GovRate-DLR aims to provide a one-stop-shop for electronic trading and complimentary financial content, and analytics. Live bids and offers, fed digitally from Zions, will be accessible via MoneyLine's Internet distribution technology for T-Bills, notes, bonds, zeros, Tips, agencies, discount notes and corporates.

Robert Knox, Zions Bank senior vice president, says: "By using MoneyLine's hosted e-commerce applications and content, our clients have online access to the nation's financial markets, while being able to be more efficient and cost-effective when trading government, agency, and corporate bonds."

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