Fixed-Income Market Gets Some Oxygen
TRANSACTION SYSTEMS
WALNUT CREEK, CALIF.--Financial Oxygen has gone live with Bank Oxygen, a fixed-income trading platform for mid-sized institutions. The company itself, however, won't be officially launched until February.
The platform is currently trading $3 billion in securities and executing 25 to 30 trades per day for 160 institutions. By the end of the year Financial Oxygen anticipates to deal $25 billion in securities and close to 1,000 transactions each day. Fed funds, repos, money markets, fixed-income
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