Goldman launches bond trading platform

GSessions, Goldman Sachs’ new online trading platform, launched last week, in an attempt to restore liquidity to the corporate debt market, reports Financial Times.

Goldman clients will be able to sell certain corporate bonds at set times which could potentially cost less than traditional “voice trading” over the phone.

As banks draw back from their customary roles as bond dealers, managers are eager to see more liquidity in the corporate bond market.

The bank has guaranteed $50 million in investment grade debt and $25-to-$50 million of high-yield bonds per session.

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