FI Consolidation Continues: E-Bond Securities Closes
TRANSACTION SYSTEMS
TOKYO--Less than 60 days after its full-scale launch, E-Bond Securities has closed up shop.
The online fixed income joint venture from Lehman Brothers and Softbank Corp. was established in October 1999 to develop an electronic venue for the trading of Japanese municipal bonds, bank debentures and corporate debentures. E-Bond obtained the Japanese Finance Ministry’s approval to launch last June, but a delay in the computer system development work pushed back the launch until September. After
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