We expanded our product line in April, 2009. Bay Crest launched a Fixed Income Platform providing our clients with sales and trading access to the credit markets. With the addition of credit trading to our existing portfolio of services, we are able to provide unified seamless coverage of equities, equity derivatives, and fixed income and structured products.
We are positioned to function as a liquidity provider to both our buy side and sell side clients in corporate bonds, mortgage backed securities, government bonds, and CDOs. The fixed-income markets have rapidly expanded in recent years with the development of a variety of products to generate higher returns in a relatively low-interest-rate environment. As our clients seek to reposition themselves for the new market realities, Bay Crest will help them to find the liquidity they need to meet their goals.