TS Imagine, the cross-asset provider of trading, portfolio, and risk management systems reports it has seen average notional volume increase sevenfold in its TradeSmart Fixed Income execution management system (EMS) for electronic bond trading volumes over the past 12 months, with total electronic bond trading volumes surpassing US$500 billion.
It also reports its TradeSmart Fixed Income EMS has seen a 300% increase in the number of users since the start of 2021, with over 500 traders at 45 firms now using the technology.
“All indicators point to an increase in the speed of adoption of electronic trading by sophisticated fixed income investors,” said Rob Flatley, CEO of TS Imagine. “Fixed income traders have become acutely aware of the impact electronic trading can have on their individual performance and their company’s bottom line through transaction cost savings. It’s simple: when they trade electronically, their workflow and quality of life improves dramatically.”
TradeSmart Fixed Income EMS users can provide direct connectivity with eight fixed-income dealers, and the firm says more dealer connections are expected during the coming months. In addition to directly connecting to eight dealers, users can also access twenty venues via the TradeSmart Fixed Income EMS.
The EMS aloows users to trade cash and derivatives for rates and credit, municipal bonds, government sponsored entities (GSEs), emerging markets, and money markets. The ability to support the trading of mortgages, loans, CLOs, and repo is expected to be added during the coming months.
“We are pleased to support even more products as adoption of fixed income electronic trading continues to accelerate,” said Spencer Lee, chief markets officer and head of fixed income. “Challenging market conditions over the past two years have driven traders to seek out the best and most user-friendly technological solutions that allow them to cope with volatility and other unprecedented market dynamics.”
TS Imagine recently announced several new features added to TradeSmart, including Liquidity Snapshot, Liquidity Aggregator, Best Dealer Algo, Automated Leave Order Tracking, and E-mail Parser.
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