Liquidnet Launches Corporate Bond Dark Pool
More than 120 US and European asset managers on-boarded for launch of fixed income dark pool.
With its latest dark pool, Liquidnet aims to provide opportunities for corporate bond trading currently unavailable in the marketplace, creating a "much-needed hub of institutional liquidity."
The platform will facilitate trading for US and European corporate bonds — both high yield and investment grade — as well as emerging market corporates and European convertibles.
Similarly to Liquidnet's equities platform, the corporate bond dark pool will allow traders using an order management system (OMS) to put orders into the flow, with "minimal changes to existing workflow." Liquidnet had previously stated it was working with a number of vendors including Charles River Development, Eze Software Group, Fidessa and LineData to provide connectivity into OMS's.
"The fixed income market has been woefully underserved by technology and, as concerns about a liquidity crunch continue to rise, it needs a transformation," says Seth Merrin, founder and CEO of Liquidnet.
Waters included a guest feature from sibling magazine Risk on the rise of nascent corporates dark pools this month, profiling a pair of new venues: TruMid and Electronifie.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
WatersTechnology latest edition
Check out our latest edition, plus more than 10 years of our best content.
Getting aggressive: Overbond uses AI to assess dealer axes
The fixed-income analytics specialist has developed a new tool to help buy-side firms decide if they’re getting a good price from their dealers.
Most read
- Deutsche Börse democratizes data with Marketplace offering
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Sell-Side Technology Awards 2024: All the winners