160 Firms Sign Up For Bondlink System: A High-Yield Bond Trading Platform

TRANSACTION SYSTEMS

NEW YORK--In preparation for its April 15 live date, fixed-income securities broker Trading Edge has signed up approximately 10 sellside clients and more than 150 buyside firms for its Bondlink fixed-income transaction extranet.

The system is an anonymous, IP-based, real-time trading service for high-yield bonds that provides full price transparency, say Trading Edge officials. Development of the system began in October 1997.

The Bondlink system is an extranet that uses the Internet to help

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