The London Stock Exchange (LSE) launched a new electronic order book for retail bonds on 1 February.
Private investors can now see on-screen prices for bonds and deal in increments of £1 for gilts and £1,000 for corporate bonds. The idea makes bond dealing much the same as share dealing for the individual investor.
Initially the system only offers 49 gilts and 10 corporate bonds (3 of which are from BT) with further bonds, specifically tailored to the retail investor, expected soon.
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