| Beyondbond and NOMURA partnership to develop an Internet-based
Fixed Income Platform.
Beyondbond Inc., a New York-based financial services
and technology company, and Nomura Securities International
Inc. announced today a partnership to develop an internet-based,
fixed income platform to help analyze, value, and trade
debt securities and loan pools held by investors.
This comprehensive platform is expected to enhance
customer service and trading floor efficiency by facilitating
the sale and purchase of fixed-income products including
U.S. Treasuries, Corporates, Agencies, and mortgage
securities as well as other structured instruments and
derivatives.
Beyondbond (http://www.beyondbond.com) is currently
incorporating additional functionalities, and the platform
should be fully operational by the third or fourth quarter
of next year, according to Mark Lieberman, a managing
director at Nomura Securities International and Dr.
Ted Hong, the president of Beyondbond.
Dr. Hong said the platform would help investment banks
and securities issuers, such as finance companies, bundle
their loans and other assets into bonds through a process
known as asset securitization more easily and speedily.
Simultaneously, investors such as insurance companies
and banks will be able to buy and sell securities using
the same platform. As a result, "both the buy-side
and sell-side will benefit from using this platform",
said Hong.
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