Fixed Income Solutions
from TradingScreen
June 2020 Trading Figures
| Rates | Credit | |
|---|---|---|
| Volume | 11 $BN | 13 $BN |
| Daily | 0.50 $BN | 0.60 $BN |
| Electronic | 87 % | 51 % |
| Voice | 13 % | 49 % |
| TradeSmart Fixed Income EMS | |||||
|---|---|---|---|---|---|
| April 2020 | |||||
| Products | Venues & Workflows | Pre-Trade Data & Analysis | Execution Protocols | Post-Trade TCA | Data Content Hub |
| USTs, € govvies and UK gilts | MarketAxess: OpenTrading, Auto-X, RFQ API, IOIs, Composite+, Bondticker | Aggregated Dealer/venue data | Venue RFQ | T+1 activity data from FI EMS | MKTX Composite+ |
| US IG Corporates & HY | Pre-trade liquidity analysis | Venue axe match/negotiate | Tableau analysis software | Tradeweb AiEX Composite | |
| € & £ IG Corporates & HY | Tradeweb: all-to-all, Aiex & Axes, Multidealer Net Spotting | Buy-side historic RFQs & trades | Venue all-to-all | Buy-side selected benchmarks | Neptune axes |
| Emerging Markets | Bloomberg: RFQ, DAPI, B-pipe | Actionable Dealer prices & axe | Request For Trade | Drill-down by sector, currency, platform, protocol & Dealer | ICE CEP |
| Multi-currency Corporates & HY | Liquidnet: IOIs, | Buy-side axe alerts on orders, watch-lists and positions | Buy-side leave order with Dealer | Outlier report analysis | TRACE |
| Single name CDS | Trumid: Attributed IOIs, FVMP | Most active Dealer/venue data | Multiple, simultaneous IoIs | Trade P&L analysis | TRAX |
| Multi-currency IRS | Fenics: USTs | RFQ Dealer performance | Partial fills | Buy-side trader volume analysis | Direct Dealer price & axe feeds |
| Futures & ETFs | OpenDoor:USTs | Benchmark pre-trade analysis | Multi-Dealer net spotting | Dealer performance analysis | Trumid FVMP |
| Interest Rate Swaps | TP/Icap: CrossTrade | Bloomberg RUNS parsing | Click-to-trade, axes & RFQ | IMGR runs | |
| Indices | Venue auto-routing | Compliance checks | All price and axe data used in TCA | ||
| MBS/ABS | Simultaneous multi-venue IoIs | Order merging & grouping | * All Data and Protocols are available via Desktop & REST/Websocket APIs | ||
| Roadmap: Munis | Roadmap: Portfolio Trading | Roadmap: MKTX API | |||
