BondsinAsia, the electronic fixed income trading platform for the Asian markets established by BNP Paribas, Citigroup, Credit Suisse First Boston, Deutsche Bank, HSBC and Reuters, has begun live trading.
The official launch saw live trades in Hong Kong dollar bonds via the BondsInHongKong local franchise, Singapore dollar bonds via BondsInSingapore and Asian credits via G3BondsInAsia. Participation by local liquidity providers was supplemented by new partners including Barclays Capital and Hang Seng Bank in BondsInHongKong, and Barclays Capital and DBS Bank in BondsInSingapore.
BIA's multi-market model encompasses both dealer-to-client and dealer-to-dealer trading that is tailored to each local market through the establishment of franchise operations.
Cynthia Teong, managing director capital markets sales & trading for Citibank and chairperson of BondsInSingapore comments: "BondsInAsia and the BondsInSingapore platform is a natural evolution for the Singapore dollar bond market. This is a growing market and the BIA Trading System will further increase efficiency and transparency by providing access to live trading prices which can be instantly executed."