Nextel and eSpeed Develop BlackBerry Bond Trading Platform
Wed Jun 01, 2005 12:33 pm
Nextel and eSpeed, a leading developer of electronic marketplaces and trading technology for the global capital markets, today announced the launch of the first wireless market data and trading solution for institutional trading of benchmark U.S. Treasury bond issues, exclusively on the BlackBerry 7520 from Nextel over Nextel's nationwide network.
Transacting over $40 trillion a year in fixed income trades, eSpeed is a standard for electronic bond trading platform in the U.S. Treasury market. With eSpeed's new wireless solution, bond traders now have the ability to move about the office, meet with clients or attend business meetings while continuing to manage market risk and affect trades wirelessly with all the functions of their desktop with execution, effectiveness, and efficiency anywhere on Nextel's nationwide network.
Using the BlackBerry 7520 from Nextel, licensed bond traders can customize views to monitor 2-, 3-, 5-, 10- and 30-year instruments, settings, trade histories and active orders and still be in control of their market strategy and positions when away from their desk on Nextel's nationwide network. eSpeed's wireless trading solution maintains standard industry formats and customary eSpeed desktop looks and functions.
eSpeed's wireless solution handles security through 128 bit end-to-end encryption. It is available exclusively on the BlackBerry 7520 from Nextel, running on Nextel's guaranteed nationwide all-digital network. The BlackBerry 7520 integrates Nationwide Direct Connect, speakerphone, Bluetooth technology and email for a true mobile office experience. eSpeed's wireless solution is available today online at www.nextel.com/eSpeed . Corporate customers can also contact their account manager.
