144A Trading Platforms Gain Ground
Last Tuesday, Bear Stearns & Co. announced the launch of its Best Markets platform with an offering from portfolio company J.G. Wentworth as the first issuer on its system. The same day, a consortium, consisting of Citi, Lehman Brothers, Merrill Lynch, Morgan Stanley and Bank of New York (BNY) Mellon, announced the late-September launch of its multi-bank platform Open Platform for Unregistered Securities (OPUS-5). The following day, the Nasdaq Stock Market went live with its Web-based Portal
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