One Exchange offers standardized online trading in bankruptcy claims

By Ashley Montgomery

Kansas City, Kan., June 5 - One Exchange Street, Inc. announced the opening of an online platform for trading bankruptcy claims, including general unsecured and administrative claims.

"Our new trading platform is designed to introduce transparency and standardization into the historically inefficient and opaque market for bankruptcy claims," said Todd Zoha, One Exchange Street co-founder and chief executive officer, in a news release.

The company said the platform provides holders of bankruptcy claims with resources to easily price and sell their claims to interested buyers. Trades are processed immediately and settled within five business days.

Columbus, Ohio-based One Exchange Street runs an online platform for bankruptcy claims.

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