First Boston's GovTrade To Accept Orders For Mortgage-Backed Securities
AUTOMATED TRADING
First Boston Corp. is extending its GovTrade order-routing system to include mortgage-backed securities (MBS). Beginning this spring, the firm will accept institutional investors' MBS orders entered via Bloomberg L.P. terminals and intends also to add a link to Knight-Ridder Inc.'s network.
The pricing information generated by GovTrade's mortgage-backed securities trading service will be displayed on Bloomberg terminals and Knight-Ridder's Money Center for Windows and its Digital Data Feed
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