US high-yield bond platform set for October launch

The announcement comes as a slew of new rules conspire to move fixed income trading out of the over-the-counter markets and onto electronic trading platforms

A new institutional trading platform for US high-yield bonds is being launched next month ahead of new rules that are expected to increase electronic trading in fixed income markets.

Vega-Chi, which already operates an alternative market for bond trading in Europe, will launch a buyside US high-yield bond electronic trading platform next month, the company said yesterday. The new platform is one of several potential new bond trading venues which hope to capitalise upon a regulatory sea-change that is transforming the over-the-counter markets.

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