He warned, however, that “these things take six to nine months to develop, at least, so that’s the type of timeframe.”
Through its three franchises - BondsInSingapore, BondsInHongKong and G3BondsInAsia - BondsInAsia currently offers trading in Singapore government bonds, Hong Kong Exchange Fund notes and bills, and international bonds denominated in US dollars, yen and euros sold by Asian issuers.
Credit derivatives may be another product group further down the road, but Cobetto noted that “they’re hard to trade electronically because of different types of settlement conventions.”
BondsInAsia was set up in 2000 and went live in January this year. It has since absorbed its main electronic competitor, asiabondportal.com, and boasts total trading volumes on all three franchises worth $15 billion so far this year.
ABN Amro, Bank of America, Barclays Capital, BNP Paribas, Citigroup, Credit Suisse First Boston, DBS Bank, Deutsche Bank, Hang Seng Bank, HSBC, the Hong Kong Exchange, JP Morgan Chase, and Reuters are partners in the venture.
The week on Risk.net, November 25-December 1, 2016Receive this by email