GFI Releases Electronic Trading Platform for Odd Lot Corporate Bonds in US

Service comes via CreditMatch with plans to extend it into a fully-executable CLOB in Q3 of 2015.

manhattan-06
GFI, which is based in New York, plans on expanding its electronic trading platform for odd lot US corporate bonds into a CLOB in Q3 of 2015.

The service is an end-of-day odd lot matching session that provides executions through CreditMatch. Lauren Burd, head of fixed income electronic sales at GFI, tells Buy-Side Technology GFI saw a gap in the market with the amount of activity in the space.

"Odd lot transactions represent almost 90 percent of the number of trades in the interdealer corporate bond market so we knew there was clear demand for this product," Burd says. "Also, one of our key objectives is to provide clients with as muc

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: