Bondbook creates central marketplace
The new Bondbook trading platform, which was designed with ease of use in mind, is more of a fixed-income initiative than a technological one.
The aim of Bondbook is nothing less than to create a central marketplace for bond trading and, ultimately, new issues. According to Steven Sadoff, chief technical officer at Bondbook, this means that the new trading platform is more of a fixed-income initiative than a technological one. "Yes, we're using technology but it's really about changing the way the fixed-income world works today," he says.
While some equities trading platforms have failed because the were too clever for traders, the Bondbook site is designed with ease of use in mind. It covers investment-grade and high-yield corporate bonds and is fully searchable by credit rating, coupon, maturity and sector.