Merrill, Goldman, Morgan Stanley to form bond exchange

Published on .

Most Popular
Goldman Sachs & Co., Merrill Lynch & Co. and Morgan Stanley Dean Witter & Co. plan to form an online exchange for corporate and municipal bonds. The New York-based exchange, BondBook L.L.C., will launch by the end of the year. Goldman, Merrill and Morgan Stanley control about 30% of all global fixed-income trading.
In this article: