Bonds.com Group, Inc. (OTC.BB:BDCG) today announced that it has entered an agreement with NYSE Euronext (NYX) to make NYSE Bonds orders executable via its BondsPro trading platform, effective on July 13, 2011.
Bonds.com, Inc. (Bonds.com) is the new business model for odd lot fixed income trading. With this agreement, for the first time, live executable prices in the NYSE order book are displayed and available for trading via another ATS, BondsPro. Information will include bids and offers, with the ability to negotiate price and to execute buy and sell orders. The addition of NYSE Bonds substantially enhances its distribution and simultaneously expands the value of the BondsPro platform.
NYSE Bonds operates the largest centralized corporate bond market in the U.S., providing an opportunity for participants to trade bonds in a fair, open environment. NYSE Bonds is dedicated to creating transparency and increasing liquidity in the U.S. Bond markets, and the connectivity with Bonds.com reflects that commitment.
George O’Krepkie, President of Bonds.com said: “Our goal is to provide bond traders with as comprehensive a view of executable order flow as is available marketwide at all times. Through this relationship with NYSE Euronext, bond traders now have a substantially enhanced view of the corporate bond landscape. In addition, our platform will now have critical flow and data, which, combined with our already robust offering, will aid not only in accessing trades, but in securing best execution.”
Kevin Molloy, Managing Director of NYSE Euronext Fixed Income said: “We are excited to partner with Bonds.com, a dedicated bonds trading platform and the very first ATS to connect to our exchange. The joining of Bonds.com will add the valuable input of their large customer distribution, while offering them the live and executable exchange markets of NYSE Bonds.”