The evolution of Fixed Income trading technology is now clearly driven by connectivity, data normalisation, aggregation and liquidity optimisation.
Our TradeSmart technology has now evolved to the point where our users can exploit trading opportunities faster and respond more competitively than ever before.
TradeSmart equips them with a high integrity single view of all their data sources and access to both venues and directly to Dealers for optimal execution. All this data is also available via REST API.
Ask them and they will tell you how their Trader efficiency has instantly improved dramatically.
The time has come in Fixed Income to reset your technology stack with a SaaS application that connects seamlessly to your OMS, optimising all venue and data sources into one dynamic view.
All our Buy-side TradeSmart implementations have successfully gone live remotely without the need to visit client sites. TradeSmart runs especially well via the internet from residential locations.
USTs, € govvies and UK gilts
US IG Corporates & HY
€ & £ IG Corporates & HY
Emerging Markets
Multi-currency Corporates & HY
Single name CDS
Multi-currency IRS
Futures & ETFs
Interest Rate Swaps
CDX
MBS/ABS
Munis
Tradeweb Multi-Dealer net spotting
Tradeweb: All-to-All, Aiex & Axes
MKTX Open Trading, Auto-ex, RFQ API & IOIs
Bloomberg: RFQ, DAPI, B-pipe
Liquidnet: IOIs & dark matching
Trumid: Attributed axes
Fenics: USTs
MTS BondsPro
Direct Dealer Click-to-Trade, axe negotiation & RFQ
All the above also available via Rest/Websocket APIs
Roadmap: Portfolio Trading, TWEB RFQ API, TMS, BondPOint, Credit Trade & UBS Bond Port
Application and Rest/Websocket APIs
Aggregated Dealer/venue data
Pre-trade liquidity analysis
Buy-side historic RFQs & trades
Actionable dealer prices, axes, click-to-trade and negotiations.
Buy-side axe alerts on orders, watch-lists and positions
Most active Dealer/venue data
RFQ dealer performance
Benchmark pre-trade analysis
Direct Dealer Click-to -Trade, axe negotiation & RFQ
Bloomberg RUNS parsing
Pre-trade compliance checks
Order merging & grouping
All price and axe data used in TCA
Venue RFQ
Venue axe match/negotiate
Venue all-to-all
Request For Trade
Buy-side leave order with Dealer
Multiple, simultaneous IOIs
Partial fills
Multi-Dealer net spotting
Click-to-trade, axes & RFQ
MKTX RFQ API
Direct Dealer click-to-trade, axe negotiation & RFQ
T+1 activity data from FI EMS
Tableau analysis software
Buy-side selected benchmarks
Drill-down by sector, currency, platform, protocol & Dealer
Outlier report analysis
Trade P&L analysis
Buy-side trader volume analysis
Dealer performance analysis
MKTX Composite Price +
Neptune axes
ICE CEP
TRACE
TRAX
Direct Dealer price & axe feeds
Trumid FVMP
Bloomberg runs
IHS Markit
* All Data and Protocols are available via Desktop & REST/Websocket APIs
Investors and Dealers are continuously finding ways to improve execution quality and certainty.
JP Morgan has seen huge uptake in portfolio trading from its buy-side clients in the US amid the recent market volatility, according to a client report seen by The TRADE.
“The BIS said the NAV discounts were a reflection of liquidity providers offering less support to the corporate bond market which limited the arbitraging of NAV discounts."
Recent bond market volatility has exposed the continuing lack of integrity in bond price data. The time really has come for a Fixed Income data infrastructure re-set.
The latest TS FI EMS tools really matter in today’s market.
Increased integration between venues and trading tools could herald far greater automation.