BMA Notes Rapid Growth of Bond Trading Systems

SPECIAL REPORT

NEW YORK--The Bond Market Association (BMA) unveiled its Electronic Bond Trading Systems Survey and, unsurprisingly, reported a sixfold increase of new transaction systems over the past three years. In 1997, there were only 11 such systems available; as of September, there were 68 worldwide.

The association says that, even though the electronic trading of such products as Treasury and government agency bonds are commonplace, there are other markets that are temporarily underserved, especially

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