embonds (Emerging Markets Bond Exchange Ltd) is the world’s first electronic trading platform dedicated to trading emerging market bonds. Based in London and with development team located in Istanbul, embonds has started coverage of publicly traded sovereign and corporate fixed income securities in the London timezone covering both domestic and eurobond debt of the countries in Central and Eastern Europe, Middle East and Africa (CEEMEA). In most markets, embonds is able to offer domestic settlement for domestic instruments.
embonds offers a transparent, easy to use and easy to access, multi-functional electronic platform. Our aim is to give asset managers, local primary dealers and global banks involved in emerging markets the tightest spreads possible on their trades by pooling liquidity from all participants. What’s more, as liquidity increases, those spreads are bound to narrow further still.
In the coming months embonds will expand the offering to bonds issued across the emerging world to include Latin America and Asia to provide a one-stop-shop for asset managers involved in emerging markets debt.
The platform is FCA-regulated and has a client list that includes emerging markets banks, international banks and global asset management firms. The venture is backed by IFC, part of the World Bank Group, and Earlybird Venture Capital, which have committed up to $8.3 million in funding to support embonds’ expansion across the emerging markets universe.