automated bond system

automated bond system definition - finance
An electronic bond information and trading system operated by the New York Stock Exchange that allows subscriber firms to automatically execute orders in corporate, agency, Treasury, and municipal securities. Most of the trading occurs in corporate debt, including convertible bonds. ABS allows trading for over 2,000 debt securities.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.