LedgerEdge taps ZeroBeta for pricing and valuation of corporate bonds

Rick Steves

The BlueShift Risk Platform is a cloud-native, cross-asset, risk and market data management platform focused on aiding market participants to make educated decisions.

LedgerEdge, a next-generation ecosystem for corporate bond trading, has selected ZeroBeta to support its real-time fixed income pricing and valuation requirements.

ZeroBeta provides a financial market infrastructure specialized in risk, collateral, and market data solutions. The firm’s flagship product is BlueShift Risk Platform, which will provide real-time pricing and valuation for the trading of corporate bonds at LedgerEdge as well as market data and OMS connectivity.

Revolutionizing corporate bond trading

Varuna Wijesundera, Chief Executive Officer at ZeroBeta, said: “We are excited to be working with LedgerEdge on this revolutionary project. Our vision when building BlueShift RP was for it to be truly modularized and easy to integrate into an existing ecosystem without sacrificing computational power and accuracy. It’s great to see this vision realized at LedgerEdge. It has been a pleasure working with the LedgerEdge team, and we look forward to helping LedgerEdge drive its platform to new heights.”

The BlueShift Risk Platform is a cloud-native, cross-asset, risk and market data management platform focused on aiding market participants to make educated decisions.

David Nicol, Chief Executive Officer at LedgerEdge, commented: “We are pleased to be working with ZeroBeta to enhance our pricing and valuation of financial assets. Their flexible, modular technology will give us the speed and power we need to streamline data in a targeted way as we bring our next-generation ecosystem to the market. We look forward to collaborating with them as we work with our clients to revolutionize corporate bond trading. This is tech-savvy trading, which is paving the way for a lot of advances in the future industry.”

In 2021, LedgerEdge appointed Michelle Neal as CEO of US operations, a key role for the firm’s growth. She will lead our efforts to serve the world’s largest bond market and provide essential product and market input as we develop the next-generation ecosystem for trading.

The industry veteran has been recognized as one of the 25 Most Powerful Women in Finance by American Banker.

The company was founded in 2020 to remove some of the historic issues with the corporate bond market and give the participants control over their data and also visibility of the liquidity in the bond market which it hopes would increase the trading volumes and users would be more inclined to take positions within the bond market using the platform.

 

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