Venue | Launched | Players and structure | Liquidity, stats and so forth |
New York Stock Exchange | 1792 | Specialist Bond Liquidity Providers (BLPs) | Sample liquidity report |
BondDesk | 1995 | Closed (BondDesk Institutional) and open (BondDesk ATS) | Current offerings. Sample transparency report |
TradeWeb | 1997 | Sell side to buy side RFQ model | |
Knight Bond Point | 1999 | Closed EOB | Began as ValueBond |
Market Axess | 2000 | Sell side to buy side RFQ model | |
Bonds.Com | 2011 | All-all | |
BondVision | 2011 | Sell side to buy side | |
Aladdin | 2012 | Blackrock clients. | |
Vega-Chi | 2012 | Select ATS | High Yield only (stats) |
GSessions | 2012 | Goldman clients | On hold? | UBS PIN-FI | 2012 | UBS clients. "Price improvement network" |
CitiCross | 2013 | Citi clients (hybrid electronic/voice) | Story |
JP Morgan | 2013 | JP clients | |
Bond Pool | 2013 | Morgan Stanley clients | Story |
DelphX | 2013 | All to all | Larry Fondren (of InterVest) |
Tracking the impact of real-time transparency and electronic trading on the U.S. bond and credit default swap markets
Thursday, January 10, 2013
Listing of New and Old Corporate Bond Trading Venues
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