Credit Suisse First Boston has joined existing BondsInAsia financial partners BNP Paribas, Citigroup, Deutsche Bank and HSBC as an equal shareholder of the regional electronic trading platform for Asian fixed income securities.
BondsInAsia is expecting to launch the first of its local franchises later this year, starting with Hong Kong and Singapore and followed by a virtual franchise for the dealing of all G3 currency denominated debt from Asia. Franchises in other markets will follow after that.
The five financial partners have a stake in the BondsInAsia holding company and will also participate in each of the franchises on an equal basis with local dealer participants.
Negotiations with...
