Big Board Readies New Bond Platform

Trotta, Elizabeth
December 2006
Investment Dealers' Digest;12/11/2006, Vol. 72 Issue 47, p5
Trade Publication
The article focuses on the introduction of a new bond trading system by the New York Stock Exchange (NYSE) that would replace the current Automated Bond System. However, the said system awaits the approval of the Securities and Exchange Commission. The NYSE will launch the new platform and will start rolling out groups of 500 bonds at a time, every few weeks. Randy Snook of Securities Industry and Financial Market Association says that the system's effectiveness will depend on its liquidity.


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