T. Rowe Price Associates is live and in production using Propellant’s fixed income transparency data offering via FlexTrade’s EMS, FlexFI.
T. Rowe Price’s fixed-income trading teams are now able to utilise Propellant’s analytics, within the FlexFI Order Blotter, including pre-trade data such as real-time market activity, historical trade prices, and aggregated trade volumes. T. Rowe Price is also set to benefit from increased transparency enabled by the EU and UK transparency improvement coming into effect in 2025, the firms said.
Talking to The DESK, Flextrade’s Andy Mahoney and Propellant’s Vincent Grandjean explain how the integration will benefit T. Rowe Price in the months ahead.
Andy Mahoney, managing director, EMEA, FlexTrade Systems, said, “As we close out 2024, innovation in fixed-income trading technology is set to increase at an unprecedented pace. The appetite and readiness on both the buy and sell side for electronification, including bilateral streams, is rapidly evolving to help achieve price improvements. New sources of pre-trade data will also continue to emerge to help optimise decision-making and best execution.
“As we look toward 2025, technology improvements will mean that bond trading desks can bring more complex, previously manual areas of workflow, such as portfolio trading, onto the EMS to drive further efficiencies,” Mahoney added.
Propellant Digital CEO Vincent Grandjean said, “Our collaboration with FlexTrade and T. Rowe Price highlights the growing demand for transparency and accurate data in fixed-income trading. This partnership reflects the value of combining technology and data to meet the evolving needs of the fixed-income markets.”
FlexTrade Systems is a provider of multi-asset execution and order management systems, and Propellant Digital is a technology provider of transparency and trading data analytics.
©Markets Media Europe 2024
