19 August 2017
Find out more

BondBook passes $10 billion trading mark

06 August 2001  |  2846 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  |  3074 views  |  0 comments
Visible Markets and BondEdge join forces

Visible Markets and BondEdge join forces

17 July 2001  |  3079 views  |  0 comments
Canadian banks to launch electronic bond trading platform

Canadian banks to launch electronic bond trading platform

28 June 2001  |  5275 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8273 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7510 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6573 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6194 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6049 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job