By Owen Sanderson 15 Oct 2015 Algomi, the tech startup making waves in the secondary bond markets, is working on a way to use the platform for new issues, said Stu Taylor, its chief executive. The project is likely to be next year’s business, but could overturn existing ways of sounding markets and free up salespeople’s time. “Business models where you do not own the assets themselves, but own the network and the information can grow incredibly rapidly and completely overwhelm established business,” said Taylor, speaking at a panel at WBR’s Fixed Income Leaders’ Summit in Barcelona this week. “Airbnb is adding 100,00 new rooms ... Contact our subscriptions team to discuss your access: subs@globalcapital.com Or sign up for a trial to gain full access to the entire site for a limited period. To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
Stu Taylor, CEO of startup, Algomi, referred by some as a social network for corporate bonds, has ambitions to use the bond trading platform for new issues. Algomi, which won Fixed Income Leaders’ Summit" award by Euromoney is currently exploring the concept which could potentially disrupt the process for bond issuance.