Prescient Launches Electronic Trading for Commercial Paper With Help From Bridge
ELECTRONIC TRADING
WHITE PLAINS, N.Y.--Prescient Markets is launching an on-line transaction platform for commercial paper, dubbed Cpmarket.com, and is enlisting Bridge Information Systems and its subsidiary Savvis Communications to host the system on its managed network services extranet.
Cpmarket.com has signed approximately 30 institutional investor firms and 19 direct issuers of commercial paper to participate in a test of the service, which started three weeks ago. The firms include pension funds, insurance
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