BuysideDirect Reports High Volumes In Early Trading
FIXED INCOME SYSTEMS
SAN FRANCISCO--BuysideDirect, which was introduced at the end of June (ITT, June 26), announced the results for its first three months of live trading on its convertible securities trading system. Since the middle of August, when it went into full production, the system has reached $2.5 billion in firm orders and $140 million in trades executed.
BuysideDirect's platform offers trading in over 600 convertible securities, including bonds, preferreds and manda-tory preferreds. Additional
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