Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has enhanced its fixed income market-making capabilities by becoming a new market maker on NYSE BondsSM.
Pershing’s fixed income trading desk now will be a liquidity provider and will have the ability to electronically enter orders to buy or sell bonds listed on the platform.
“NYSE Bonds is designed to be the industry’s most transparent, fair and efficient bond trading platform,” said John Holman, vice president of fixed income at NYSE Group, Inc. “The addition of Pershing as an NYSE Bonds market maker reinforces that mission and demonstrates our commitment to creating the most liquid system supported by the fixed income market’s most prominent participants.”