US-based Global Trade Technologies (GTT), a provider of trade order management software, has launched a new .NET-enabled Web site for the aggregation and distribution of broker/dealer fixed-income inventories.
Bizbonds.net - an extension of GTT's successful Broker/Dealer Enterprise product - offers a quick and scaleable online implementation for brokers/dealers and streamlines the back-office processing requirements, says the company.
Peter Adams, president and founder of GTT, explains: "Bizbonds.net provides our broker/dealer clients an immediate means of marking up and distributing Merrill Lynch inventory to their network of traders and sales people, under their own label...All that is required is an ID and password and they can provide thousands of quality offerings to their clients on a riskless basis."
Features of the package include real-time display of taxable and tax-exempt bond inventories; private label distribution of inventories to GTT clients and their customers; client-defined matrix markups of third-party bond inventories; firm and trader filters to manage offerings seen by sales reps and customers; administrative control of users, managed by each GTT client.
In the future, GTT intends to release subsequent versions of Bizbonds.Net that offer additional dealer inventories, and other applications such as bond ladders, bond analysis, charting packages and account/portfolio management products on a monthly fee basis.
The Bizbonds.net platform incorporates Microsoft's .NET Framework allowing the company to leverage a common technology interface for distributing numerous products from primary sources such as Merrill Lynch's global fixed-income inventory.