BNP Paribas has joined Citigroup, HSBC, Deutsche Bank and Bridge eMarkets as an equal shareholder in BondsInAsia, a regional electronic trading platform for Asian fixed income securities.
The platform is due to go live later this year and will initially cover Hong Kong, Singapore and G3 currency denominated Asian credit markets, before expanding into Korea, Taiwan, Thailand, Malaysia, the Philippines and India, subject to appropriate approvals.
BondsInAsia was established last year and individual franchises have been created in each local market throughout Asia. Local dealers will participate in the ownership and governance of the BondsInAsia franchise in their local market. BondsInAsia provides the infrastructure, security...
