Fixed income broker-dealer Millennium Advisors and Investortools, a provider of fixed-income software solutions, have partnered to simplify the manually intensive workflow of a typical muni-bond investment manager.
Connecting directly to the Investortools Dealer Network, Millennium will provide real-time pricing and trade execution capabilities to clients, boosting access to the municipal bond market. The integration allows users to manage transactions within a single system, eliminating the need to switch to another application to source bonds. Users can lift, bid, counter, and receive electronic delivery of allocation details directly within the Investortools software.
Laurent Paulhac, group CEO of MIllennium, said the collaboration is a “win-win” for all the industry. “Millennium prides itself on providing competitive, transparent pricing. This partnership with Investortools will enable these counterparties to more easily transact and manage municipal bonds within their separately managed accounts,” Paulhac said.
James Morris, senior vice president at Investortools, said, “We are excited to collaborate with a dealer renowned for its technical capabilities and pioneering role in e-trading. Millennium’s competitive and unique offerings align very well with the demands of the market, particularly in the SMA space. With a direct connection to a client’s book, market participants can scale their operations by integrating incoming market data directly into their automation routines.”
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