Bondweb.com, Seattle, has introduced a new online trading platform for mortgage-backed securities.

The Web site, targeted at institutional investors, offers a database and search engine, real-time trade executions, anonymity for buyers and sellers, and lower-cost brokerage fees. Bondweb.com said the site acts as a neutral exchange where sellers can post offerings and buyers can submit bids and purchase online, saving time by eliminating traditional over-the-counter procedures such as e-mail, faxes, and phone calls.

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