Bondcube, the fixed income trading platform specifically focused in addressing the liquidity problem in large and illiquid bond trades, has been granted approval to deliver its platform in 31 countries in Europe.

 

With this confirmation of status across Europe, Bondcube will be accessible to a greater number of investors. Using indications of interest to minimize market risk, dark matching to find the other side of the trade and historic orders to find matches in infrequently traded bonds, Bondcube will provide users with an alternative to the existing trading infrastructure of Buy-side RFQ to Sell-side trader.

 

“With Europe wide ratification of our FCA approval, we will be positioned to support the vision of a borderless European market,” said Paul Reynolds, CEO. “Our status will enable a broader range of sell and buy-side firms to connect to our platform. As a rigorously regulated trading platform, we have made considerable investment in technology to ensure transparent risk management and market surveillance whilst providing an alternative route to previously untapped liquidity.”

 

The application to become a crossing network was filed under the Financial Services and Markets Act 2000.