NYSE launches bond trading platform

The New York Stock Exchange will launch its next generation fixed-income trading platform, NYSE Bonds, on April 23.

The new system replaces the Automated Bond System, the Exchange’s current bond trading platform, and will allow customers to trade 1,000 listed securities. Another 5,000 non-listed securities will be added by the end of June.

The Securities and Exchange Commission approved NYSE Bonds at the end of last week.

NYSE Bonds is based on NYSE’s Arca online securities exchange, and provides investors with a real-time bond pricing and trading platform for all NYSE-listed corporate debt securities.

An SEC decision in November 2006 allowed NYSE members and member organisations to trade some unlisted debt securities on the Exchange. NYSE Bonds will be eventually trade the unlisted corporate debt issues of all NYSE-listed equity issuers and their wholly-owned subsidiaries.

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