Fixed income technology provider Ediphy has launched a tool, Liquidity Checker, which allows fixed income market participants to automate the monitoring of bond liquidity.
Liquidity Checker employs algorithms to scan the market and notifies users in real-time when their chosen bonds become available to trade based on favourable liquidity conditions.
Where a bond lacks sufficient liquidity, users can broaden the search for alternative trading options using a smart search function that suggests similar bonds based on reference and market data, increasing the probability of meeting investment objectives.
Ediphy CEO Chris Murphy, former global head of FICC at UBS, said Liquidity Checker leverages the firm’s graph technology, data analytics capabilities and market experience to streamline the trading process for traders and portfolio managers.
“This not only saves time and effort but also maximises execution success while mitigating the risks of being stuck on an illiquid trade,” Murphy added.
In October, the firm launched Ediphy Credit, a service to help institutional asset managers access better liquidity in corporate bonds.
©Markets Media Europe 2023
