New Electronic Platform For Brady Bonds Slated To Launch This Month Via Apogean

TRANSACTION SYSTEMS

NEW YORK--An interdealer alternative trading system (ATS) for emerging market fixed-income trading, or Brady bonds, from start-up Apogean Technology is slated to launch this month with the support of at least eight international sellside banks that have branches in New York and London.

In concept and design the Apogean ATS is similar to an electronic communications network (ECN) or an exchange for equities except that it's a transaction platform for Brady bonds, says Robert Hedges, CEO of Apogean

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