Barra Inc. has granted a convertible loan and become a one percent limited partner in San Diego-based Bond Express L.P., a fixed income software and database provider. Barra's $2.1 million loan is convertible to ownership in Bond Express under certain undisclosed conditions.
Bond Express is currently focused on the broker/dealer market. But its plans to release a buy-side product over the next few months may have piqued Barra's interest, even though a Barra statement noted Barra's interest in
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails