Westcore Capital Limited Launches Direct Access Bond Trading on NYSE
Starting on November 2010, Westcore Capital Limited will be offering prompt trading execution through direct access for bond trading on the New York Stock Exchange (NYSE).
- (1888PressRelease) September 23, 2010 - Bonds trading execution is the new additional service to Westcore Capital Limited trading platform which have already used in equities, futures, options and even in forex trading in selected markets worldwide.
With the new direct access bond trading service, Westcore Capital Limited clients will be able to directly trade bond and place orders on the client's preferred platform as easy as placing orders for derivatives, currencies and equities.
The New York Stock Exchange carries out the biggest and centralized US bond market, which offers more than 2,000 bonds, mostly corporate issuances but also accepts government and agency debts. These are usually traded on the Automated Bond System of the NYSE, a computer-based system employed by the NYSE member firm subscribers such as the Westcore Capital Limited.
"Since most of our investors have already discovered the advantages of electronic trading for derivatives and equities, we are expecting an escalating interests for direct access fixed income trading as we are also expecting positive returns to any bond trading for our clients, said Mr. Tim Howard, Managing Director of the Westcore Capital Limited. "With the new bond trading on NYSE, we are also expecting that direct access will increase transparency which normally goes to much greater liquidity and much enhanced confidence of the investors." Mr. Howard added.
Westcore Capital Limited, one of the most well-known providers of lowest commission in the industry, will only charge a fee of $1 per $1,000 face value for bond orders. Furthermore, for orders with more than $10,000 face value, the Westcore Capital Limited will only charge $0.25 per $1,000 face value with a minimum of $5 per order.
About Westcore Capital Limited
Westcore Capital Limited is a member of the National Futures Association and registered with Commodity Futures Trading Commission. It was established on the premise of mutual business partnership with its clients and investors. It continues to provide trend changes to financial industry through investment products and services that allow investors to embrace important and innovative options for undefined market conditions. Presently, Westcore Capital Limited has an approximate $10 billion in assets through its nearly 100 mutual and managed futures funds and exchange traded commodities and products.
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