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2. Create liquidity by listing products on secondary trading platforms.
It is set to change the whole bond market, from underwriting to secondary trading.
Secondary trading partners, for the most part in Asia, have included Japan, Hong Kong, Bangladesh, and Singapore.
In addition, the Big Board is considering building a secondary trading site outside Lower Manhattan, a plan that could cost tens or even hundreds of millions of dollars.
Like CMBS issues, REITs offer holders of their securities the comfort of secondary trading: their shares are listed on the stockmarket.
Even then the amount of secondary trading (between investors) outstripped primary trading (between the manager and the AP) by five-to-one, BlackRock says.
Similar(27)
But for a secondary trade the robust cooking is far better than it ever need be.
Prices of large new issues of high-grade corporate bonds would be available immediately, but faster price quotations for secondary trades would be phased in incrementally over nine months, after periodic reviews of how the information is influencing the market.
NEW YORK TIMES Facebook Said to Halt Secondary Trades | The company told firms that facilitate trading of its stock to stop this week, in preparation for an I.P.O. in early May, Bloomberg News reports, citing unidentified people with knowledge of the matter.
In its initial public offering filing on Wednesday, Facebook disclosed that it had been cooperating with an S.E.C. inquiry into secondary trades involving the private sale of its stock.
Whatever the mechanism, the idea would be to disrupt the extensive secondary trade that takes North Korean missiles to Pakistan, Iran, Libya, Syria and elsewhere, and which enabled Pakistan to pay off part of its missile debt by helping North Korea with its uranium enrichment.
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