The Tradetech Daily

iTB Holdings — iTBconnect

iTB Holdings — iTBconnect

The iTBconnect software platform is used to trade corporate bonds, both investment grade and high yield, as well as municipal bonds, US Treasury bonds and US Government agency debt.


iTB is a customisable bond trading interface that
allows buy- and sell-side firms to pick and choose from the multiple electronic
communication networks they want to trade on. The platform is browser based and
therefore most users with an Internet connection can access the platform
without needing to download or install additional software. Industry-standard
security protections ensure data is always protected.

The platform also connects to the various fixed income
trading venues via FIX protocol.

Pre- and post-trade analytics

Pre-trade capabilities include search features that
enable securities selection by multiple attributes, often narrowing down from a
universe of over 40,000 bonds. Once securities are found, users can export the
search result into a report for distribution.

Post-trade reporting includes real time risk and P&L
monitoring as well as the ability to generate reports for historical trades.


Users of the software platform can be broken down
as: 75% fund managers and investment advisors, 15% broker dealers and 10%
banks. Around 90% of the participants are located within the United States.

Future plans

The continued advancement of the firm’s proprietary
smart order routing algorithms will enhance execution capabilities.

In addition, the platform will soon introduce transaction cost analysis tools
to help clients analyse the quality of their electronic executions.