JP Morgan And Capital Link In Bid To Develol Electronic Auction For Corporate Debt Securities

THIS WEEK'S LEAD STORIES

JP Morgan and CapitaLink in Bid to Develop Electronic Auction for Corporate Debt Securities JP Morgan & Co. is backing CapitaLink, a computerized variation on the time-honored New York City tradition of cutting out the middleman. But instead of dealing in faux-Rolex watches on Fifth Avenue sidewalks, CapitaLink will deal in debt securities, channeling corporate bonds directly from issuers to institutional investors at the best electronically submitted clearing bid.

Morgan has lent its name, and

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