23 October 2017

BondBook passes $10 billion trading mark

06 August 2001  |  2871 views  |  0 BondBook passes $10 billion trading mark

Institutional electronic marketplace BondBook, is claiming to have traded over $10 billion worth of bonds in its first five months of operation.

BondBook says it reached the $10 billion mark after a strong July, which saw trading volume for the first time reach more than $1 billion in a single week. The company also recorded its single largest trading day during the month, with $300 million in corporate bonds changing hands in the session.

The trading system is currently averaging more than 330 live markets daily with average trade size of $4.5 million for investment grade bonds and $1 million for high yield bonds.

BondBook expects volume to increase further as market making and trading by its three newest sponsors, CSFB, Lehman Brothers and UBS Warburg, which joined in May, begin to ramp up over the next several weeks.

BondBook will soon release an upgraded version of its trading platform, with expanded order management capabilities, trading alerts and APIs allowing direct links to dealers' automated pricing engines.

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

Front allies with Iris Financial for fixed income connectivity

Front allies with Iris Financial for fixed income connectivity

03 August 2001  |  3107 views  |  0 comments
Visible Markets and BondEdge join forces

Visible Markets and BondEdge join forces

17 July 2001  |  3131 views  |  0 comments
Canadian banks to launch electronic bond trading platform

Canadian banks to launch electronic bond trading platform

28 June 2001  |  5329 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.vasco.com visit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
16045 views comments | 18 tweets | 31 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13816 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10145 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10002 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8992 views comments | 9 tweets | 18 linkedin

Featured job

Find your next job