SEATTLE – A customer survey published by The Banker, rated BondHub the top online fixed-income cross-matching system for investors. BondHub provides an open, independent, price-transparent marketplace for corporate, municipal and mortgage-backed bonds. The firm serves financial advisors and portfolio managers at small institutions, and traders and representatives at broker-dealer firms, enabling qualified buyers and sellers to directly interact through an easy-to-use online application. BondHub’s desk of bond professionals is available by phone to provide assistance and access to an expanded range of securities.
Only six months after launching its service, more than 420 professional traders, portfolio managers and financial advisors from over 250broker-dealer firms and institutions have used the BondHub trading site. These users contribute a solid and growing base of inventory and liquidity. BondHub’s inventory partners post 3,000 to 4,000 offerings daily of corporate, municipal and mortgage-backed securities, available to trade anonymously online. Over 50 retail brokerage firms that employ nearly 100,000 financial advisors have accounts with BondHub, bringing a large potential order flow to the BondHub trading community. “We are pleased with the strong customer response we’ve received to our comprehensive solution for the needs of independent financial advisors, portfolio managers and Registered Representative Networks,” said Tom Evankovich, CEO and founder of BondHub. “BondHub offers a wide array of bonds at wholesale prices, an easy-to-use online application with useful descriptive and analytical features, and over-the-phone service options.”
All BondHub requires from the user to get started is an Internet connection and delivery versus payment instructions. There are no charges for access to descriptive information on specific bonds and listings of live offerings. Transaction fees are fully disclosed with every ticket to enable informed trading decisions. “BondHub has proven a very useful tool for us to provide great service to our reps and boost our trading desk efficiency. We are using BondHub with increasing frequency for posting bid-wanteds,” said Steve Quoy at Global Capital Securities. “The design of the BondHub system provides the security and control that we’ve always had with voice-brokered transactions, without requiring any software installation or configuration hassles.” “I got started with BondHub because it provided me a wealth of information for free,” said, Andrew Loechl, CFA, a registered investment advisor with Eagle Harbor Asset Management. “I’m using it increasingly to build fixed-income portfolios for my older clients who need cash flow.” “BondHub provides our firm with easy access to a large distribution channel for our product inventory,” said Jeff Shackett at RH Investments. “BondHub’s tools for posting inventory and options for either firm or subject offerings made it very straightforward for us to get our inventory represented in the BondHub channel.” “Now that we’ve established a solid base of inventory and liquidity, we are setting our sights on bringing large numbers of buy-side customers into the BondHub community,” said John Swanson, vice president of Alliances at BondHub. “We are raising awareness about the benefits of BondHub among regional retail broker-dealers, registered investment advisors and investment officers at small institutions.”
To join the BondHub community, visit http://www.Bondhub.com and complete the online registration request form. Customers can start out on the trading site, get a demonstration first, or even “practice” on a site where their trades will not be processed. “We’re making continual improvements to our trading platform based on customer feedback,” said Ole Hellevik, development manager for BondHub. “We already offer innovative notification features that enable users to receive alerts on their home page or via e-mail when a bond offering they’re seeking or a response to their offering is posted on BondHub. Now we’re taking ease of use a step further with the introduction of BondAlert Messenger™, an applet that continually runs in the background and pops up when you have an alert on BondHub. Click on the link describing the alert and you will be taken directly to the details page for the offer or bid-wanted. With BondAlert Messenger™ running you can capture more trade opportunities.”
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