In-house bond platforms: What you need to know

Author: Danielle Myles | Published: 15 May 2012

BlackRock’s and Goldman Sachs’ bond trading platforms are expected to be the first of many as financial institutions prepare to comply with the Volcker Rule and Basel III. But their success is far from guaranteed.

Last month the asset manager announced plans for its Aladdin Trading Network which will allow clients of its advisory arm to electronically trade bonds among each other.

Shortly after, rumours emerged that Goldman Sachs was planning a similar initiative called GSessions.A source familiar with the matter confirmed with IFLR that the bank will roll out its electronic platform later this month.

It will schedule two five-minute trading intervals each day – one for investment grade and the other for non-investment grade – during which qualifying...