New York, November 27, 2012 - NYSE Euronext's fixed income trading platform in the U.S., NYSE Bonds, today announced that ITB Holdings, Inc (iTB), a leading software provider for the fixed income trading community will now offer its clients access to the NYSE Bonds platform. Clients of iTB will be able to access firm market quotes for the thousands of debt securities listed on NYSE Bonds through the same customizable interface they do other markets, resulting in increased liquidity with decreased fragmentation.
"We are pleased to offer fixed income participants connectivity to the NYSE Bonds platform through iTBconnect," said Kevin Molloy, Managing Director for Fixed Income, NYSE Euronext. "NYSE Bonds provides quotes in more than 2,000 debt securities, a number that continues to grow. As we increase the number of connections to our platform, more liquidity is brought to the electronic fixed income market, which benefits all market participants."
Through its intuitive and easy to use interface, iTBconnect allows traders to manage numerous orders simultaneously. It also improves best execution by utilizing advanced order processing and routing while leveraging straight through processing to increase efficiencies post-trade.
"iTB was created to provide market participants with electronic access to the fixed income trading venues of their choice. Connecting to NYSE Bonds marks the latest step on our mission to provide clients a high quality selection of trading venues to choose from," said Michael Chuang, Founder and CEO of iTB.
NYSE Bonds operates the largest centralized corporate bond market in the U.S, providing an opportunity for participants to trade bonds in a fair, open environment. On NYSE Bonds, firm and executable orders entered by members or sponsored participants are displayed on the order book, and executed on a strict price/time priority. Participants control their orders on NYSE Bonds, adjusting orders and executing as they see fit. NYSE Bonds is dedicated to creating transparency and increasing liquidity in the U.S. Bond markets.
For more information on the NYSE Bonds platform please click here.
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About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.
iTB provides a proven software platform that connects institutional investors to the electronic fixed income trading venues of their choice. Its flagship product, iTBconnect, allows institutional investors to instantly access the U.S. fixed income marketplaces where they desire to trade, resulting in increased liquidity and higher trading volumes. By enabling connectivity to ECNs through a customizable interface while leveraging smart order routing for improved execution, iTBconnect delivers a world-class technology solution that increases transparency and decreases fragmentation. Founded in 2008, the firm is based in New York City. More information can be found at www.itbconnect.com.