EMBonds launches dedicated electronic emerging debt trading platform
London, October 15, 2015 – Electronic trading platform operator EMBonds launched a platform for trading emerging market bonds on Thursday, it said, in a bid to counter the shrinking liquidity which has dogged the sector.
The EMBonds platform, officially launched after five months of preliminary operations, will offer trading of sovereign and corporate bonds – both in local and hard currency – from eastern Europe, Middle East and Africa, founders Mehmet Artun and Kerim Acanal said.
“Trading has already started, there are a number of market makers putting prices on the screen,” Artun, EMBonds CEO, told Reuters. “It’s still early days, our first step is to establish the platform in the CEEMEA region and then expand to other emerging markets.”
The client list for the platform which is regulated by the UK’s Financial Conduct Authority (FCA) includes emerging market banks, international banks and global asset management firms, according to the statement. It will be based in London and Istanbul.
IFC Investment in EMBonds to Boost Emerging Markets Bonds Trading
Istanbul, Turkey, and London, United Kingdom, June 15, 2015 – IFC, a member of the World Bank Group, is investing in EMBonds, a London-based electronic marketplace for emerging market bonds, to help develop robust capital markets that contribute to financial stability and economic growth.
IFC, a member of the World Bank Group, is investing in EMBonds, a London-based electronic marketplace for emerging market bonds, to help develop robust capital markets that contribute to financial stability and economic growth.
“IFC’s involvement plays a catalytic role for other investors in EMBonds and for the acceptance of the trading system by potential clients, which will allow us to establish a strong base and further expand our business in emerging markets,” said Mehmet Artun, CEO of EMBonds.Read More…
IFC backs EM bond platform
Tim Cave, London, United Kingdom, June 8, 2015 – An emerging markets bond platform based in London’s Level39 accelerator has received backing from the World Bank’s private sector investment arm, the International Finance Corporation.
The Emerging Markets Bond Exchange, known as emBonds, is one of several new initiatives attempting to address liquidity problems for secondary trading in the fixed income market.
The series A funding, worth $6.8 million in total, was part of a co-investment with German firm Earlybird Venture Capital, according to co-founder Mehmet Artun.Read More…