Jefferies Fixed Income division, formerly Bonds Direct, is a market maker in investment grade fixed income instruments for mid-sized institutional clients in a broad array of fixed income products. Our mission is to provide value added ideas and transaction execution, and we specialize in corporate bonds, U.S. government agency securities, mortgage-backed securities, municipal bonds and emerging markets debt. Our nearly 70 institutional fixed income sales and trading professionals serve more than 1800 mid-sized institutional clients and trade in more than 2,300 individual issues.
We provide transaction execution through a combination of professional institutional sales, dealer sales and trading coverage, and electronic trading platforms. We participate in several multi-dealer trading platforms including MarketAxess and Bloomberg. We maintain offices in New York, Los Angeles, San Francisco, Boston, Chicago, Atlanta, Chapel Hill, and Cleveland, and all trades executed by our Fixed Income division are cleared and settled by Bear Stearns Securities Corp.
Our Fixed Income division was originally established as Bonds Direct Securities LLC in February 2001, with Jefferies Group as its major investor. In October of 2004, Jefferies Group acquired the minority interest of Bonds Direct Securities LLC that it did not own and it became a wholly owned subsidiary. In 2004, Bonds Direct was merged into Jefferies & Company, Inc., the primary operating subsidiary of Jefferies Group, and began operating as a division of Jefferies & Company, Inc. Today, Bonds Direct is an integrated division of Jefferies & Company, Inc.'s sales and trading platform.
