Fidelity Launches Digital Bond Trading for Advisors

Fidelity is launching a fully digital fixed-income trading system for financial advisors who use the brokerage as a custodian. The system, called Bond Beacon, could help Fidelity, which has about 3,900 custody and clearing clients, appeal to even more advisory firms. Fidelity says Bond Beacon, which is integrated with its Wealthscape technology platform, will give advisors “institutional grade” liquidity and improve price efficiency. It will also help them to construct, manage, and analyze fixed-income portfolios.