Intervest Presents CrossCom Corporate Bond Facility Aimed At Buy And Sell Side
AUTOMATED TRADING
Intervest Financial Services Inc., a startup agency broker has introduced an electronic trading network for corporate bonds. The system, known as CrossCom, is aimed at institutions and broker/dealers seeking to trade in corporates.
While Intervest will stick to corporates to begin with, vice president Alan Rudolph doesn't rule out the possibility of introducing Treasury securities to the system in the future.
The system will provide an alternative mechanism to such systems as the New York Stock
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