Schroders has integrated Propellant Digital’s fixed income transparency data product.
Propellant’s offering provides pre-trade data including real-time market activity, historical trade prices and aggregated trade volumes, allowing for enhanced transparency data analysis.
Gregg Dalley, global head of multi-asset trading at Schroders, commented: “Our clients will benefit from our traders having access to state-of-the-art market data at their fingertips. Clicks-per-trade will be reduced and traders will more easily be able to assess the landscape of a given ISIN, shaping trading outcomes and portfolio manager interaction.”
Schroders is connecting to the service through Virtu Financial’s execution management system Triton Valor and the Virtu Order Blotter. This allows traders to make more informed decisions without leaving their blotter, Propellant explained.
Upcoming changes to UK and EU transparency regimes will also grant users access to greater market visibility, Propellant added.
Charlie Gibson, head of sales at the firm, noted: “The potential of the insights derived from MiFID data is significant and we are transforming these insights to help our clients improve their processes, enhance decision-making, and drive better execution.”
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