Today, 280 CapMarkets launched its Bond Navigator platform designed to help independent financial advisors buy and sell individual bonds by providing greater transparency about the pricing, availability and other characteristics.
The individual bond market, dominated by institutional buyers and sellers, limits that access for independent advisors, making it difficult to compare available bonds and get the best price.
“Bond Navigator levels the playing field for independent advisors,” said Gurinder S. Ahluwalia, chief executive officer of 280 CapMarkets, in a statement. “It empowers advisors with enhanced market visibility, carefully curated offerings, and access to a breadth of products and insights on the markets.”
The cloud-based platform will initially include only municipal bonds, but there are plans to expand first into corporate bonds and then into other fixed income assets later this year.
A small group of advisors have been using the platform for several months; now the platform is available to all advisors for no cost except a $25 trading fee. 280 CapMarkets gets paid only if it makes the trade, says Ahluwalia.