Bonds.com Extends Trading Hours
Signals Fundamental Shift in Bond Market Structure
NEW YORK, Jan. 9, 2012 /PRNewswire/ -- Bonds.com Group, Inc. (OTC.BB: BDCG, "Bonds.com") announced today that it is undertaking a strategic initiative to transform the market structure for the trading of U.S. Corporates. Effective immediately, the firm's BondPro platform will be available for trading from 6:00 AM ET. This is the first in a series of planned moves to make bond trading more available to Bonds.com professional trading clients worldwide and to expand the efficiencies already provided by Bonds.com during market hours.
The initiative is in response to client demand and reflects Bonds.com's commitment to bringing innovation and efficiencies to the historically inefficient trading in smaller size.
BondsPro is available globally. With the expanded hours, U.S. traders will now have an opportunity to transact prior to traditional market opening. Equally important, traders in non-U.S. markets have historically been hampered in accessing U.S. trading until traditional market hours. There has been an unmet need for a mechanism to facilitate trading in this pent-up non-U.S. demand. The ability to trade in the expanded hours now provided by Bonds.com addresses this global market inefficiency.
Bonds.com's wholly-owned subsidiary Bonds.com, Inc. ("BCI"), a FINRA registered Broker Dealer and ATS, offers access to live liquidity and execution through its web based electronic BondsPRO platform. BondsPRO provides professional traders over 70,000 thousand live prices (with 65 million price updates daily) on 10 thousand different issues from over 300 contributing counterparties. BondsPRO posts live, anonymous, and executable orders on a single bond or list basis, and permits price negotiation. Its all-to-all connectivity allows supply to meet demand, thereby increasing efficiency and reducing spread. BCI is a neutral counterparty to all trades, acting as a riskless principal.
George O'Krepkie, President of Bonds.com said: "There is nothing magical about traditional market hours. We recognize bond trading has become a global 24 hour global business. With this move, bond traders in North and South America, Europe, and the Middle East will be able to access true liquidity and execute trades in other than traditional market hours. The demand for efficiencies in bond trading, especially in today's environment, mandates a creative and innovate approach. We deliver on that expectation"
Forward-Looking Statements
The statements made in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, without limitation, statements regarding our ability to expand and grow the company, our ability to operate competitively and pursue growth objectives, our future performance and management's ability to anticipate industry developments. Such forward-looking statements may be prefaced by words such as "anticipate", "expect", "believe" and words with similar meanings. As a result of a number of factors, actual results could differ materially from those set forth in the forward-looking statements. Certain factors that might cause our actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions and the risks set forth in our Annual Report on Form 10-K for the year ended December 31, 2010 and in our other filings with the U.S. Securities and Exchange Commission from time to time. The company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Bonds.com, Inc. – Member FINRA/SIPC/MSRB
About Bonds.com Group, Inc.
Bonds.com Group, Inc., through its subsidiary Bonds.com, Inc., serves institutional fixed income investors by providing a comprehensive, zero subscription fee online trading platform for Corporates. The company provides a global solution for trading small lot inventories electronically.
SOURCE Bonds.com Group, Inc.
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