06.24.2024

BondbloX Integrates with ICE Bonds

06.24.2024
BondbloX Integrates with ICE Bonds

 BondbloX Bond Exchange (BBX), the world’s first fractional bond exchange, has announced it has integrated with ICE Bonds to offer access to U.S. corporate, municipal and treasury bond liquidity during ICE Bonds’ extended trading hours, which allows for trading in USD liquidity during U.S., European and Asian hours. ICE Bonds offers fixed income trading for institutional investors, wealth management and investment firms seeking access to U.S. bond liquidity.

Through its relationship with ICE Bonds, BondbloX now provides individual investors the ability to buy, track and trade US bond liquidity at the touch of a button through the BondbloX platform. U.S. liquidity will be available to trade on the BondbloX platform from 1 p.m. Singapore time Monday through Friday.

“As we continue to help drive trading strategies and real-time investment decision-making for individual investors across the globe, we’re excited to work with ICE Bonds to provide greater transparency and deeper USD liquidity across fixed income markets on our platform,” said Rahul Banerjee, CEO of BondbloX. “We launched the BondbloX platform for individual investors last year to simplify the buying, tracking and trading of bonds, and by working with ICE Bonds, we’re expanding our offering to offer deeper access to USD bond liquidity.”

The BondbloX platform, inaugurated in October 2020 for institutional offering, uses an exchange model for all-to-all order matching contrasting with the over-the-counter model that currently exists with dealers servicing individual investors over the telephone. The BondbloX platform subsequently extended its global service offering to eligible individual investors with its launch of Asia’s First Bond Trading Platform for Individual Investors in October 2023.  By working with ICE Bonds, investors on the BondbloX platform now have access to US treasury and US corporate bond liquidity during U.S., European and Asian trading hours.

“We are delighted to have BondbloX be the first platform to offer their customers access to our expanded liquidity network,” said Pete Borstelmann, President, ICE Bonds. “By extending the trading hours of our platform, we’re not only broadening the depth and breadth of our network, but also enhancing the value of the liquidity within it.  This underscores our commitment to providing our clients with greater accessibility and enriched trading opportunities.”

ICE Bonds is a part of Intercontinental Exchange, a leading global provider of technology and data.

Source: ICE

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