Corporate Trades I Experiences Delays As Cantor Drops Out

PRODUCT WATCH

NEW YORK--The much-publicized Corporate Trades I appears to have hit a roadblock that is delaying the rollout of the pricing service for the US corporate bond market. Cantor Fitzgerald has dropped out and Garban has not yet signed the data distribution agreement proposed by the products developers Govpx and the Bond Market Association (BMA), according to sources.

At the same time, the National Association of Securities Dealers (NASD) is in the midst of its own developments to increase transpa

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