Mercer Island, WA (PRWEB) August 22, 2005
SEATTLE, WA Â August 22, 2005 - BondWeb.com, the only electronic trading platform for trading illiquid mortgage backed securities (CMOs and Passthroughs), announced today the results of a broker survey on the use of electronic trading platforms (ETP).
Seventy percent of the respondents in the survey indicated that they are using an ETP for trading fixed income securities and two thirds anticipate that the use of such platforms will continue to increase in the future. Forty (40%) percent of the respondents trade CMOs/Passthroughs on a daily basis and fifty-seven (57%) percent expect their volume of trading CMOs/Passthroughs to increase in the future.
Of those respondents who are aware of BondWeb, ninety-six (96%) stated that they would recommend BondWeb ETP for trading CMOs/Passthroughs with only four percent (4%) answering not sure.
BondWeb.com, Inc. (the Company) has successfully developed an electronic trading platform (ETP) for the illiquid Mortgage Backed Securities (MBS) market. Virtually all liquid bonds but only a small fraction of illiquid bonds are traded electronically. The Company's ETP (patent pending) is alone in a market sector with an estimated turnover of between $50B and $250B per day. The web based ETP combines sophisticated mortgage analytics with a transaction engine providing substantially more productivity to market participants. The Company has a patent pending which covers, among other benefits, the private anonymous negotiation model.
Efficient Trading Platform: The traditional or old way of trading requires the dealer to maintain a large sales force and buyers to maintain voice contact with a representative from every firm they do business with. The new way reduces repetitive tasks for all participants yet still protects dealer margins by maintaining current market conventions.
Unique Product ETP Offering: BondWeb currently receives 4,000-5,000 fresh offerings from 35 dealers every day. The aggregate value of the offerings exceeds $40B on most days. These offerings are run through our Intex engine and the results are displayed in an intuitive user interface. The Company's ETP gives:
Â Dealers full control over counterparties and an inexpensive way to reach each level of their distribution chain
Â Customers a single location to reach all their suppliers.
For more information on BondWeb ETP and detailed broker survey results, go to http://www.bondweb.com or call 1-800-BondWeb (266-3932). A two week free trial is available by clicking on "login" and then "register" buttons.