BlackRock [profile] customers will not be able to trade corporate bonds on the companies platform, as the firm has cancelled plans to attempt to expand into that business, according to a Wall Street Journal report.

According to reporters Kirsten Grind and Telis Demos, sources close to the situation say the testing phase of the effort went poorly, with only a few trades taking place each day.

Instead of developing its own platform, BlackRock will announce that clients will be able to trade through MarketAxess Holdings Inc., the story says.

For more details, check out the original article here  

Edited by: Ben Geier


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