Automated Bond System - ABS

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DEFINITION of 'Automated Bond System - ABS'

The electronic system on the NYSE that records bids and offers for inactively traded bonds until they are canceled or executed.

INVESTOPEDIA EXPLAINS 'Automated Bond System - ABS'

Because the bid and ask prices of inactively traded bonds aren't constantly changing due to demand and supply conditions, investors looking for a quote may have difficulties. By having all inactive bonds electronically monitored, the NYSE is able to keep a good inventory of bond prices, just in case an investor is interested in purchasing them.

RELATED TERMS
  1. Ask

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  4. Bond Quote

    The price at which a bond is trading. A bond quote is typically ...
  5. Bond

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