Buy-side bond data sharing service Glimpse Markets and Wave Labs, the execution management system provider, have formed a strategic partnership whereby Wave Labs will provide a web-based dashboard allowing all Glimpse clients to view and analyse live and historical buy-side trade data that has been shared over the Glimpse network.
Glimpse launched in June with a group of global asset managers sharing their trade data on a ‘give to get’ basis. The firms report that to date, data on approximately 10,000 unique ISINs has been shared and this will further increase before the end of the year as more buy-side firms are onboarded and the product coverage broadens.
Wave Labs is a fixed income technology specialist, supporting workflows from portfolio managers, analysts and traders with the execution technology eLiSA and its extension application, SIA. eLiSA, which consists of several layers of pre-trade analytics offers high-touch and automated trading functionality. eLiSA is already integrated with Glimpse and in use by buy-side firms.
Paul O’Brien, CEO of Glimpse Markets says, “Our partnership with Wave Labs provides Glimpse clients with an additional layer of flexibility and allows them to dig deeper into the data that has been shared on the network to extract more value and unique insights. Glimpse is free for all buy-side asset managers, with access to this new analytics dashboard also provided for free, further helping us achieve our objectives of levelling the playing field, reducing data costs and democratising access to financial data.”
Miles Kumaresan, CEO of Wave Labs says, “When Paul first shared with me that clients were asking for a data visualisation tool, the decision on my part was easy. Our No-Code Workflow Technology, SIA, is meant for exactly this type of application – to consume a broad set of trade data, apply some transformational logic and visualise it in a manner that is immediately useful to traders and PMs. Coming from the buy-side myself, I know how badly this type of data is needed and it’s a pleasure to be able to contribute to the growth of the Glimpse initiative.”
