Barclays Capital and Winterflood Securities have launched a trading platform which is designed to...
Barclays Capital and Winterflood Securities have launched a trading platform which is designed to open the bonds market to retail investors.
Called Bondscape, the platform is targeting private client brokers and advisers, offering competitive pricing of bonds from Barclays Capital, Winterflood Securities and HSBC, as well as market information and research.
Development of the Bondscape is said to make it easier for brokers to follow what is happening in the bond markets as well as buy and sell sterling bonds and gilts at more competitive prices.
Bondscape - which is expected to go live in the summer after final testing - will initially offer access to more than 200 bonds and display realtime prices and market analysis through the www.bondscape.net site or through the Thomson Primark Global TOPIC system, as well as settlement through Crest.
Access is not permitted by individual investors, however, up to 250 stockbroking and adviser firms are expected to use the platform, according to Barclays and Winterflood.
Bondscape also plans to "white label" the service to brokers who want online trading capabilities, say officials.
"UK retail investors have tended to see the bond markets as an institutional preserve and not for them," says Anthony Di Lorenzo, director at Winterflood Securities.
"This isn't suprising, as they have been difficult to access, however, their predictability of income and relative stability make them excellent for financial planning. We want Bondscape to make the retail link with the market," adds Di Lorenzo.
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