S&Y Online, scheduled for release on May 15, offers access to a searchable inventory of continuously updated municipal bonds, with prices that are executable. Participants are able to bid partial orders. Settlement is on a delivery-versus-payment basis, according to a news release.
A product of Stone & Youngberg’s acquisition of the intellectual property assets of eBondTrade, the system also offers online bidding in the secondary bond market and market news.
Further information, include demonstrations of the trading platform, is available at www.buybonds.com .