Products April 9, 2003

Muni Trading Site Adds Corporate Issues

September 16, 2002 (PLANSPONSOR.com) - TheMuniCenter is moving beyond its name into trading corporate bonds as well as the municipals it has traditionally handled.

Reported by

Fred Schneyer

According to a Reuters news report TheMuniCenter chief executive Tom Vales said that institutions, including broker-dealer representatives and mutual funds, using his company’s electronic trading platform will see some 800 different corporate bonds alongside about 4,200 municipal bonds.

The online broker-dealer site allows traders with Web access to trade bonds anonymously in live transactions.

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TheMuniCenter, launched in May 2000, is owned by the interdealer broker Chapdelaine & Co., bond insurer Financial Securities Assurance, and Wall Street banks Merrill Lynch & Co. Inc. Morgan Stanley, Citigroup Inc.’s Salomon Smith Barney, and Lehman Brothers Holdings Inc.