Algomi Expands into Custody Market with BNY, HSBC Deals

Stock Chart — Algomi is applying its "signpost" methodology to information about bond holdings at custodians.

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James Rundle
@JimRundle
18 Oct 2017

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The partnership will allow buy-side firms dealing in illiquid instruments to receive Algomi’s trading intent signals when a bond they hold transacts in the market—effectively alerting them to liquidity, but without exposing that information to the wider market.

Stu Taylor, CEO of Algomi, tell WatersTechnology that both HSBC and BNY Mellon have around $25 trillion in bonds in custody, out of a universe of over $80 trillion, which provides users with unprecedented and controlled access to

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