TS Imagine, the cloud-based multi-asset order and execution management system (OEMS) provider and IHS Markit have partnered to allow the OEMS TradeSmart platform, in combination with IHS Markit’s live evaluated bond pricing data, to provide real time support for pan-European market level fixed income data.
A top five German asset manager – not named by the firms – has become the first end client of the combined solution. Using TS Imagine IHS Markit’s pre-trade data has reportedly helped the asset manager to improve fixed income trade execution for investors and the firm has been able to validate a new pricing engine using TS Imagine’s post-trade transaction cost analysis (TCA) solution.
Robin Kendzia from Cofinpro, who consulted in the evaluation process and the implementation of TradeSmart, said, “TS Imagine was favoured by all stakeholders after an intensive side-by-side evaluation of leading trading system providers. During the fast implementation phase of TradingScreen, it became apparent that the product and support capabilities of TS Imagine fully met the end client’s expectations.”
Andrew Rogers, EMEA head of business development for Pricing & Reference Data at IHS Markit, further added, “As global bond markets continue to evolve, there is a growing need for high quality information that can be used to make informed decisions on an expedient basis. In collaboration with TradeSmart, we enable the identification of trading opportunities in step with the swift pace of daily activity.”
Michael Kuhlow, head of the DACH region at TS Imagine, said, “A detailed breakdown of what is hard to trade vs. what is easy to trade has become paramount for asset managers trading bond markets. TradeSmart’s unrivaled functionality and speed of implementation ensure that dependency on how the wider market is defining a liquidity score for a specific bond is no longer a concern.”
©Markets Media Europe, 2021
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