This summer, the NYSE will introduce a new corporate bond trading platform designed to replace the current Automated Bond System® or ABS. Pending SEC approval, the new trading platform, which uses the design of the current NYSE Arca all-electronic trading platform, will provide a more efficient and transparent way to trade corporate bonds. NYSE Members will be able to enter orders to buy or sell bonds listed on the NYSE. Pending SEC approval, the system will be expanded to include the corporate bonds of all NYSE-listed companies and their subsidiaries without the companies having to list each bond issued. Once approved this exemption would expand the number of eligible bonds from approximately 1,000 today to nearly 5-6,000 in the future.
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