AFMA Launches a Bond Service of Its Own

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The Australian Financial Markets Association, an industry body focusing on the Australian over-the-counter wholesale markets, has signed up seven firms for its two-month-old Australian bond pricing service.

AFMA already contributes prices for government bonds, semis and a limited number of corporate bonds to Bloomberg, but chose to launch its own service to offer more comprehensive data than the market "snapshot" provided on Bloomberg, say AFMA officials.

Before the AFMA service was launched,

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