RESTON, Va.-Nextel Communications Inc. and technology developer eSpeed Inc. launched what the companies claim is the first wireless market data and trading service for institutional trading of benchmark U.S. Treasury bonds.
The offering, which is available on the BlackBerry 7520, allows licensed bond traders to customize views to monitor settings, trade histories and activate orders from their handsets. The application is the first wireless offering from eSpeed, which develops electronic trading technology for global capital markets.
“For the first time, bond traders can experience the power of wireless mobility and not be tied to their desktop to get work done,” said Jonna Kurucz, Nextel’s vice president of financial and professional services.
