MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 24, 2013 Fink Scraps BlackRock's Planned Corporate Bond Platform BlackRock [profile] customers will not be able to trade corporate bonds on the companies platform, as the firm has cancelled plans to attempt to expand into that business, according to a Wall Street Journal report. According to reporters Kirsten Grind and Telis Demos, sources close to the situation say the testing phase of the effort went poorly, with only a few trades taking place each day. Instead of developing its own platform, BlackRock will announce that clients will be able to trade through MarketAxess Holdings Inc., the story says. For more details, check out the original article here Printed from: MFWire.com/story.asp?s=43687 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |