Lisa Gray

ContactLisa Gray has been a wealth writer since 2001. She has been involved in the wealth management industry since 1988. She is the author of two bestselling books—The New Family Office and Generational Wealth Management.
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graymatter Strategies LLC

New Proposed Platform Would Increase Bond Trading Transparency edit
Thursday, April 12, 2012 10:28

Tags: bonds | investing | markets

The days of intermediaries in the credit markets may be growing fewer. A new platform developed by Blackrock will allow asset managers to trade bonds directly rather than go through an investment bank. The platform will enable cross-trades between sovereign wealth funds, insurance companies, and others trading corporate bonds, mortgage-backed securities, and other assets.

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The move is being called a cost saver for investors and not intended to lock out intermediaries. New regulations are forcing changes that affect the ability of Wall Street firms to serve clients’ trading needs. Trading in corporate and mortgage bonds has decreased among Wall Street firms since 2007 by as much as 70%.
 
The platform’s creators are seeking SEC approval for a launch at year end. It would also facilitate greater transparency for clients since bond bids and offers would now be posted.
 
 

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