AutEx Drops Junk Bond Bulletin Board Following Six-Month Pilot Of System
AUTOMATED TRADING
Thomson Financial Networks Inc.'s AutEx Systems Inc. has dropped plans to launch a bulletin board-style automated trading facility for high-yield securities, so-called junk bonds. The decision not to proceed with the system followed a six-month test, and cautionary words about increased transparency in the high-yield debt market from Securities and Exchange Commission chairman Richard Breeden.
AutEx has long provided a bulletin board for equities. The system, used by both buy- and sell-side
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Data Management
Waters Wavelength
Waters Wavelength Podcast: Bloomberg on FRTB
Bloomberg's Eugene Stern and Brad Foster discuss data challenges relating to the Fundamental Review of the Trading Book (FRTB).
Subscribe to Weekly Wrap emails
Most read
- Sell-Side Technology Awards 2021: All the Winners
- Witad Awards 2021: Vendor professional of the year (business development)—Jennifer Theiss, IHS Markit
- Witad Awards 2021: Rising star (end-user)—Christine Grant, Guggenheim Partners
- Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform
- Bridging the gap: Broadridge looks front-to-back with acquisition of Itiviti