TS Imagine points to accelerating adoption of fixed income electronic trading
“Fixed income traders have become acutely aware of the impact electronic trading can have on their individual performance and their company’s bottom line through transaction cost savings. It’s simple: when they trade electronically, their workflow and quality of life improves dramatically.”
TS Imagine has announced that fixed income electronic trading is on a roll, with momentum indicators suggesting just that as over 500 traders at 45 buy-side firms traded $500 billion of electronic bonds on TradeSmart Fixed Income EMS during the past 12 months.
The provider of global, cross-asset trading, portfolio, and risk management solutions for financial institutions has recently released several features of its TradeSmart Fixed Income EMS, including Liquidity Snapshot, Liquidity Aggregator, Best Dealer Algo, Automated Leave Order Tracking, and E-mail Parser.
“All indicators point to an increase in the speed of adoption of electronic trading”
Spencer Lee, Chief Markets Officer and Head of Fixed Income, said: “We are pleased to support even more products as adoption of fixed income electronic trading continues to accelerate. Challenging market conditions over the past two years have driven traders to seek out the best and most user-friendly technological solutions that allow them to cope with volatility and other unprecedented market dynamics.”
Rob Flatley, CEO of TS Imagine, said: “All indicators point to an increase in the speed of adoption of electronic trading by sophisticated fixed income investors. Fixed income traders have become acutely aware of the impact electronic trading can have on their individual performance and their company’s bottom line through transaction cost savings. It’s simple: when they trade electronically, their workflow and quality of life improves dramatically.”
The notable uptick in fixed income electronic trading volumes is translated into $500 billion processed over the past 12 months, with average notional volume up sevenfold, on the TradeSmart Fixed Income EMS.
The TradeSmart Fixed Income EMS has also seen a 300% increase in the number of users since the start of 2021, with over 500 traders at 45 firms now using the technology.
TS Imagine’s platform can connect directly with eight leading fixed-income dealers, with more dealer connections expected during the coming months. In addition to directly connecting to eight dealers, users can also access twenty venues via the TradeSmart Fixed Income EMS.
Additionally, the TradeSmart Fixed Income EMS has expanded its capacity to support the trading of additional fixed income products, including: all cash and derivatives for Rates and Credit, Munis, Government Sponsored Entities (GSEs), Emerging Markets, and Money Markets. The ability to support the trading of Mortgages, Loans, CLOs, and Repos will be added during the coming months.
