NYSE Bonds Distributing Markets via Bonds.com Platform
NEW YORK, July 19, 2011 /PRNewswire/ -- 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."
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.
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 platforms.
The Company provides daily a large inventory of prices in Global Corporate Credit: Investment Grade, High Yield, and Emerging Markets with over 175 liquidity providers. Bonds.com's newest platform offers Mortgage and Asset Backed securities.
Bonds.com, Inc Member FINRA/SIPC/MSRB
SOURCE Bonds.com Group, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article