Goldman, Merrill and Morgan Stanley Dean Witter To Launch Bondbook
TRANSACTION SYSTEMS
NEW YORK--Three of the largest US bond dealers have partnered to create an electronic bond trading system called Bondbook.
Their joint venture company plans to launch in the fourth quarter trading corporate, junk and municipal bonds in both secondary and new issues to qualified institutional investors.
Bondbook’s credit support, "significant" initial trading activity, initial funding, and core technologies will be provided by its partners: Goldman Sachs, Merrill Lynch and Morgan Stanley Dean
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