Bond MTF Waits for Regulatory Green Light

Once the approval is granted by the U.K. regulator, the electronic trading of convertible bonds will begin "imminently," says Constantinos Antoniades, CEO of Vega-Chi.

"When we launch, we will initially focus on the European bond market and we will list Asian convertible bonds a few weeks after our European launch," he adds.

The new MTF, which only trades "firm tradable" quotes, will operate as a trading venue among institutional buy-side firms, explain officials. Current membership is divided 60

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