Corvil has extended its technology to fixed income trading with the launch of a new tool that allows traders to view each transaction’s lifecycle in real-time.
It allows traders to view counterparty activity, trader and client experience and underlying technology platform performance in one place.
The tool also provides analysis and transparency across the trade lifecycle to give traders reduced market and operational risk.
David Murray, chief business development officer at Corvil, explained the ability to view information on performance and security of underlying applications and trading infrastructure is important given the complexity of fixed income trading.
Corvil added fixed income markets are complex and competitive than ever as participants navigate the evolving roles between buy- and sell-side players, regulation, algo trading and fragmented liquidity.
Jack Mahoney, CEO of CoreOne Consulting, commented the new normal requires market participates “to be facile with trading and risk technologies and to know how to extract meaningful insight from the digitisation of their trading flows.”
“The ability to leverage this growing data asset requires a deep understanding of an asset class market’s micro-structure, the trading business’s objectives and desk’s technical architecture. Those who have mastered this capability will continue to outperform.”
A recent study found a significant growth in electronic fixed income trading with the volume traded electronically globally increasing from 18% in 2011, to 37% in 2016.
Anthony Perrotta, head of fixed income research at TABB Group added: “With electronification and market-making renaissances underway across bond markets, firms that effectively leverage technology… will gain better access to liquidity and be well-positioned to satisfy future regulatory transparency requirements.”