TS Imagine, the investment and execution management system (EMS) provider has launched several new features of its TradeSmart Fixed Income EMS, all designed to increase workflow efficiency for bond traders.
“So far this year we have seen how quickly bond market conditions can change, underlining the importance of powerful technology that can help inform form better decisions and give fast access to markets,” said Spencer Lee, chief markets officer, and head of fixed income. “TradeSmart is built with this in mind, taking EMS technology to the next level by providing traders with even greater functionality and access to liquidity through a single interface – streamlining workflows and allowing traders to focus on what they do best.”
“There are several structural and market driven reasons why the bond market is ripe for electronification, including the increasing speed of money, and the unprecedented volatility we have experienced in recent years,” said Rob Flatley, CEO of TS Imagine. “Following more than a decade of development, we remain laser focused on driving innovation for users of TradeSmart Fixed Income EMS.”
“All of the next gen features automate a certain aspect of the fixed income trade lifecycle, increasing workflow efficiency, broadening market perspective, and easing compliance,” says Lee. “As a former systematic credit trader, I find it extremely rewarding to be able to partner with the world-class developers at TS Imagine to design features which allow users to better control their workflow and improve their quality of life during the trading day.”
- Liquidity Snapshot: TradeSmart’s liquidity snapshot feature is designed to allow fixed income traders to electronically capture inputs needed to satisfy regulatory and compliance requirements, including a view of market conditions at the moment of execution and whether the trade was done electronically or by voice.
- Liquidity Aggregator: TradeSmart’s Liquidity Aggregator provides a real-time view of available liquidity. Users can source liquidity using a cloud-based screener of the corporate bond market by capturing dealer algos, dealer axes, request-for-quote (RFQs), order books, and auctions.
- Best Dealer Algo: The Best Dealer algo allows TradeSmart users to automate their dealer selection process by setting criteria which ranks dealers by the rules most relevant to them.
- Automated leave order tracking: TradeSmart users can electronically track all orders left with their dealer counterparties. Users can leave an order directly from their blotter, where they can decide the quantity, level, good for time and other relevant parameters. Tracking of all orders across products increases scale for the voice trader and potentially reduces operational risk for the entire trading desk.
- E-mail parser: The TradeSmart parser compiles data from e-mail delivery across many bonds in a blotter or watchlist, providing a pre-trade picture.
“With twenty years of experience as a buy-side fixed income trader, I know the importance of efficient workflows in fast-moving markets,” said, Lee. “First-hand trading experience has been a crucial factor in developing our fixed income EMS, TradeSmart – giving traders in-depth intelligence, powerful trading tools and access to liquidity all in one place.”
