Goldman Sachs launched its new electronic platform for trading corporate bonds last week, the Wall Street Journal reports. The firm's “GSessions” will bring investors together at certain times to trade bonds electronically in bulk and charge lower fees for those trades.
Four five-minute trading sessions have been held on GSessions since its launch, and Goldman plans to conduct trading sessions twice a week in the future. The majority of Goldman's bond business, however, will still be conducted through traditional methods, such as over the phone.
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