Outsourced connectivity specialist Bondecosystem has partnered with financial
technology company, TransFICC, to deliver a connectivity solution to the bond
market, resulting in ultra-low latency execution and fast, reliable and scalable
connectivity to electronic fixed income venues.
collaboration enables bond traders to benefit from Bondecosystem’s connectivity
and hosting solutions and TransFICC’s ‘One API for eTrading’ software which supports
fast and scalable data throughput. The firms say this is essential with more
than 120 electronic venues currently established and an explosion in market
Broadway Secures $42
Broadway Technology says it has closed a $42 million
minority investment led by Long Ridge Equity Partners. The firm says the financing
will accelerate Broadway’s growth into new global markets and will allow the
company to further expand its product and service offering.
Overbond Adds Swaps
Overbond, a Capital Markets fintech platform for primary
bond origination, has unveiled its new Corporate Bond Intelligence Tool (COBI)
Swap Pricing calculator with advanced analytics and visualisation. The digital
tool helps treasurers more effectively evaluate funding costs in multiple
currencies and markets simultaneously.
The COBI Swap is powered by Thomson Reuters data, and the
firm claims it is the first institutional-grade swap calculator that is offered
industry-wide to fixed income capital markets participants.
The COBI Swap enables corporate treasurers to better navigate
structural changes in the fixed income market, access offshore bond markets,
and achieve lower funding costs, along with natural hedge capabilities and
Rival Integrates with
Rival Systems has integrated QuantHouse’s end-to-end
ultra-low latency market data feed, QuantFeed, into its Rival Trader and Rival
API platforms. The move enables mutual clients of Rival and QuantHouse to
benefit from the ability to pull QuantFeed data into Rival’s front-end trading
and algorithmic strategy development software, with the flexibility to
configure the market data to meet their varying latency and cost
requirements. The feed, including hardware, software and
telecommunications components, integrates directly into the full functionality
of the Rival platforms, including building and executing algorithms using the
ultra-low latency data.