Broadridge Financial Solutions, a provider of technology-based outsourcing solutions to the financial services industry, launched Aspire Trader for the fixed- income markets on Monday. Aspire Trader is a fixed-income product distribution system that gives trading desks the ability to offer products to multiple external and internal sales channels through one automated inventory management system. Designed to help traders expand their fixed income market share, Aspire Trader also eliminates some manual processes and assists firms in meeting their compliance requirements, says the firm.
Broadridge's Aspire Trader interfaces with Bloomberg, BondDesk, TheMuniCenter, and ValuBond to provide firms with a front-to-back-end solution for automated fixed income trading. Traders control which market centres list their offerings as well as the terms that are displayed, according to the firm. When traders change prices or quantities, enable or disable an offering, their entire distribution channel reflects the new information instantly, says Broadridge.
"We have made an investment in the development of a system that automates the trading of fixed income securities," comments David Swift, general manager, securities processing solutions, Broadridge. "The system enables firms to reach a larger marketplace and also streamlines operations, enabling firms to grow their fixed income business with minimal, if any, increase in staffing," he continues.