SALT LAKE CITY Zions First National Bank has introduced an electronic trading platform for the fixed-income trading market.
The platform, GovRate.com, gives Zions prices on more than 10,000 U.S. Treasury, U.S. agency, municipal, and corporate securities to broker/dealers, regional banks, money managers, institutional investors, financial advisers, and trust departments. The system supplies bids, offers, sizes, yields, and executable prices, and can execute trades in less than three seconds.
With open access to all Internet users and prices on over 10,000 securities, price transparency in the bond market is available to all investors today, said Robert Knox, senior vice president of the Zions Bancorp subsidiary.
