BOSTON - Visible Markets Inc., an Internet marketplace for securities backed by home and commercial mortgages and other assets, said 160 people logged on during its first day of operation and $400 million worth of bonds were posted.
Visible Markets, founded last year, went into operation June 26. Buyers and sellers can post bonds and bids anonymously; buyers can set up profiles to be notified when particular bonds are trading.
The online auction site said it has signed up 40 buy-side and sell-side institutions.
