abstract:The Bond Market Association (former name: Public Securities Association) was the international trade association for the bond market industry. It had headquarters in New York City, and offices in London and Washington D.
In June 2004 Lutnick hired the BondMarket Association's general counsel, Paul Saltzman, as chief operating officer, giving eSpeed a more reasonable public face.
But the effect of the new laws, says Michael Williams of the BondMarketAssociation in New York, could be simply to push secondary-market participants, fearful of liability, out of the sub-prime business altogether.