Despite claims that it was "quickly establishing itself as a market leader" in the development of a trading platform for fixed-income secondary markets, Visible Markets Inc. and its Web site visiblemarkets.com has shut down operations as of Aug. 22, according to the company. The company was one of the more highly visible and last remaining independent Web-based trading platforms for ABS, RMBS, CMBS, Corporate underwritten and agency debt securities.

The company's Web site announced: "Visible Markets, Inc. has elected to discontinue business and is in the process of seeking acquirers of the marketplace assets."

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