TradingScreen has partnered with BondCliQ to help fixed income clients fulfil current and future regulatory mandates for best selection and execution.
The company said it will integrate BondCliQ’s US Corporate traded volume data to provide buy-side clients with an instant, contextualised, intelligent and transparent view of decision quality market data.
Its visualisation tools for post-trade data on US dollar-denominated corporate bonds will be integrated into TradeSmart, TS’ one-touch OEMS workflow solution, which is designed to support best execution across all asset classes.
BondCliQ claims to reduce the friction in culling and combing through massive data sets, bringing the value of macro insights as well as the ability to focus specifically on sector, maturity, credit rating, and size of trade. Its trade data will also further fuel TS enhanced pre-trade TCA analysis, meaning traders can accurately benchmark execution performance.
“Now, TradingScreen customers can access the intel they need and seamlessly act upon it – within the same workflow,” said Chris White, BondCliQ CEO. “Additionally, giving traders more data to inform their trades and helping to enable the best execution might also help support fixed income clients in fulfilling current and future regulatory mandates for best selection and execution, such as MiFID II.”
BondCliQ is a data visualisation application for post-trade corporate bond data and the first central market system designed to improve institutional trading in the $10trn credit market.
TradingScreen claims its technology improves access and fully automates workflows, resulting in greater efficiencies, a secure access and lower costs for its clients. Its flagship product, TradeSmart, is a multi-asset class execution and order management solution with the ‘flexibility to meet the unique requirements’ at each step of the order life cycle.
It offers a fully integrated real-time compliance engine that enables compliance officers to manage and monitor their firm’s ever-changing exposures. The company’s Buy Side Monitoring Window provides a centralised, real-time management solution to monitor cross asset trading activity and set compliance limits across the entire order flow and at multiple levels across the entity data model.
“Fixed Income is incredibly fragmented and – as any buy-side trader knows – there are many obstacles to access and analyse the right bond market data efficiently,” said Paul Reynolds, head of fixed income at TradingScreen. “BondCliQ has figured out how to aggregate, simplify and visualise TRACE data – and now TradingScreen can bring it to life in an actionable way through this first to market product integration.”
Earlier this year, TradingScreen (TS) partnered with Liquidnet, a global institutional trading network, to help its users meet regulatory mandates. The company said the partnership will benefit buy-side customers’ order access and execution capabilities.
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