Broker dealer and investment bank Newbridge Securities Corp. released its Newbridge Bond Center platform to its public Web site www.newbridgesecurities.com.
The new release is a fully integrated trading platform that allows the public to visit the firm;s Web site to search a wide range of taxable and tax exempt bonds.
Current and prospective clients can then contact Newbridge advisors and request to buy or sell bonds via the investment company’s fixed-income desk.
The broker dealer customized its retail-orientated fixed-income platform and expanded product offerings available to potential and current customers. Live inventory is made up of up to 30,000 daily taxable and tax-exempt line items, totalling over $17 billion par value.
Newbridge brokers could execute customer transactions directly with hundreds of providers, allowing them to make markets in agency, corporate, municipal and MBS bonds, as well as CDs.
The system also offers weekly financial data and a yield matrix chart to cross reference relative value between certain market sectors. Newbridge’s nationwide network of corporate and independent representatives have been using an internal version of the bond center platform since last September.
“Our mission at Newbridge is to provide our brokers and, in turn, their clients, with the most advanced and cutting-edge technologies available in today’s marketplace,” said Guy Amico, Newbridge’s president. “This system allows our brokers — and now our clients — to scour the industry for the best priced fixed-income products available, all of which are non-proprietary. We think this gives our representatives and their clients a tremendous advantage in the marketplace.”