Institutional electronic marketplace CanDeal reports that it has integrated new intraday pricing for corporate bonds, dubbed Corporate Matrix Pricing, into its Evolution fixed income trading platform, which also facilitates Canadian corporate bond trading, officials say. The new service offers “pre-trade transparency into the pricing of individual bonds and the broader credit market throughout the day… Read More >>
Broadridge’s LTX Forms Buy-Side Advisory Group
Post-trade systems and services provider Broadridge Financial Solutions has formed a buy-side advisory group to advance its LTX electronic trading platform via improved liquidity, transparency and execution quality for buy-side traders working in corporate bonds, officials say. Launched in 2020, the LTX platform, which uses artificial intelligence (A.I.) technologies and the RFX trading protocol, targets… Read More >>
Pershing Offers RIAs New Bridge to Alternatives
Pershing’s API Links to CAIS & iCapital Network Clearing and custody services provider BNY Mellon Pershing has just launched enterprise-wide, application programming interface (API) capabilities to two alternative investment sponsors, CAIS and iCapital Network, underscoring Pershing’s efforts to help registered investment advisors (RIAs) connect to the alternative investments space, officials say. CAIS and startup iCapital… Read More >>
Time to Centralize Reference Data for Corporate Bonds?
The Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO), wants to “expand the collection and dissemination of new-issue reference data for corporate bonds,” and is seeking the approval of the SEC to do so, according to FINRA. As part of the proposal, FINRA wants its Trade Reporting and Compliance Engine (TRACE) “to serve as… Read More >>
GFI Launches Platform for ‘Odd Lot’ Corporate Bonds
Interdealer broker GFI Group reports that it has launched a dealer-to-dealer electronic trading platform for so-called odd lot corporate bonds in the U.S., officials say. An “odd lot,” whether of a stock or a bond, is generally defined as a smaller trade such as those that are fewer than 100 shares of a stock. “Odd… Read More >>
