TradingScreen Teams with Asset Managers for Fixed Income Crossing Platform

TradingScreen, a provider of liquidity, trading and investment technology, announced its plan to partner with a group of large asset managers to launch TradeCross, a crossing platform for fixed income corporate bonds designed specifically for the buy side.

TradeCross, which will be powered by TradingScreen's Galaxy MTF technology, is designed to allow buy-side firms to gain access to currently inaccessible liquidity anonymously.

Axa Investment Managers, Groupama Asset Management, F&C Asset Management, EXOE, La Banque Postale Asset Management, Natixis Asset Management Finance and Nordea Investment Management make up some of the buy-side firms partnering with TradingScreen.

"Fixed income is facing tremendous odds in its core trading infrastructure: all-time high issuance, creation of new emerging markets, evaporating liquidity, scarce intermediating capital, lack of solid electronic infrastructure, an outdated trading model, and absence of definitive best-execution methodology," says Philippe Buhannic, CEO of TradingScreen. "All of these factors make the fixed income portfolio management and trading seriously limited compared to the sophistication of other assets classes that have embraced change earlier."