Groupama Asset Management is set to expand its use of Virtu’s Triton Valor EMS to another asset class, now encompassing fixed income trading.
The move comes off the back of continued electronification of the fixed income space, according to Eric Heleine, head of trading at Groupama AM, with the business’ workflow moving away from chat and telephone and as a result seeking a more centralised approach to execution management.
“Virtu’s Triton Valor EMS provides us with a single view that brings together all our workflows including electronic RFQs, automated execution, and negotiated trading and provides us with tools to aggregate real-time feeds, liquidity sources and valuable pre-trade analytics to make trading decisions faster and with confidence. It’s the key to success if we want to enhance the FICC market structure which has largely stayed the same for the last 50 years,” said Heleine.
Triton Valor supports trading across: Munis, MBSs, global corporate and sovereign bonds, fixed income ETFs, EM debt, futures and CMOs, aiming to allow users to utilise a single dashboard across asset classes.
Melissa Ellis, head of workflow technology in Europe at Virtu, said: “We designed Triton Valor’s fixed income capabilities to empower traders with pre-trade transparency, operational efficiency, and control in navigating the market. These capabilities enable clients to assess individual and aggregate trade difficulty and find liquidity in a simpler and more cohesive manner–that’s where we see a key added value for a fixed income EMS.
“Our fixed income solution is differentiated by the close integration of Triton Valor’s EMS capabilities with Virtu’s advanced trading analytics–both pre-trade, post-trade, and real-time data handling. Data and analytics are key in electronic trading and especially in fixed income given the fragmented market structure and complexity of OTC data collection.”