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, Australias second largest bank, has launched a secondary markets transactional site for trading bonds and commercial paper CP. The new site is part of the banks 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 online, view...

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