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Nasdaq rings the opening bell for new US corporate bond exchange

December 6, 2018

Via: Finextra

The Securities and Exchange Commission approved this exchange on November 13, 2018.

“Fixed income investors have undergone a number of market structure and technological changes since the 2008 financial crisis, while at the same time companies have increased their issuance to take advantage of a low interest rate environment,” said Ted Bragg, head of U.S. Fixed Income at Nasdaq.

“Nasdaq-listed companies today have underwritten more than 3,000 corporate bonds, and there exists an opportunity for public companies to list their equity and debt in a more cost effective way, using Nasdaq trading technology and surveillance, which is substantial.”

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