Commonwealth Bank takes bond and CP trading online

Corporate banking web site adds secondary market bond trading to its forex and cash management offerings.

Commonwealth Bank, Australia’s second largest bank, has launched a secondary markets transactional site for trading bonds and commercial paper (CP) The new site is part of the bank’s online institutional banking service called ecommcorporate

Commonwealth launched ecommcorporate in 1999, offering foreign exchange, cash accounts and payments on its multi-product transactional web site It later increased foreign exchange functionality to include pre-deliveries, extensions and optional dated forwards In the debt market it also co-launched the first internet channel for the primary execution of new debt issues (wholesale and retail bonds) in Australia

"Clients will be able to order, sell or switch between government, semi-government and corporate bonds, manage their portfolios...

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