Yieldbroker Pty Limited ("Yieldbroker") announced today that National Australia Bank ("NAB") has joined the Yieldbroker online trading platform and will participate as the twelfth dealer in Yieldbroker's dealer-to-client market.
Malcolm Thompson, Global Head of Institutional Rates and Credit Sales at NAB, commented "we've received strong client support for our participation in Yieldbroker's online trading platform and the recent growth in debt markets on the back of government issuance programs makes our decision timely. We are looking forward to sharing the opportunity to continue the development and growth of what is now a centrally established market facility."
John Kimpton, Yieldbroker's Customer Relationship Manager, welcomed NAB and said "Our buy-side clients are delighted that NAB has agreed to participate in Yieldbroker, with the addition of NAB meaning investors can now access all of the major pricemakers on the one trading platform."
Commenting on the growth of Yieldbroker's business Mr Kimpton added, "Yieldbroker is now in its 10th year and we have firmly established ourselves as the preferred electronic trading platform in Australian debt markets. With broad participation across sell-side institutions, we are able to co-operatively develop dealing solutions that benefit all debt market participants. The recent launch of our auction system has been extremely successful. We are working towards delivering efficiencies in pre and post trade integration and we are currently looking to expand our service across additional asset classes"