Instinet is teaming with Japan Bond Trading to launch an electronic fixed income platform for the Japanese markets. The new venture will offer automated trading in Japanese government bonds, US treasury securities, and Euro sovereign debt to market participants in Japan and around the world.
Japan Bond Trading was established in 1973 by the Japanese securities industry and introduced the first electronic trading system for Japanese fixed income securities in 1986. Instinet and JBT are promising to develop a new electronic trading system "specially designed to provide the first truly comprehensive e-brokerage solution for the Japanese market".
Peter Fenichel, chief executive officer, Instinet Global Fixed Income Markets says the Japanese bond market is poised for tremendous growth. "Combining Japan-based electronic access with global cross-border distribution will enhance liquidity," he says. "By joining forces with Japan Bond Trading, we are able to extend our global distribution platform and provide the latest technology, market functionality, and straight-through processing to all three major debt markets – Japan, US and Europe."