IHS Markit and TS Imagine have partnered to combine evaluated bond pricing data with the order and execution management system (OEMS) TradeSmart platform.
The newly combined solution aims to provide mutual users with real time insights into the global bond market with automated trading workflows and pre-trade data.
A German asset manager is the first end client to use their combined solution, which IHS Markit and TS Imagine said has provided a better fixed income execution service to its end investors. The buy-side firm is also using TS Imagine’s transaction cost analysis solution to validate a new pricing engine.
“A detailed breakdown of what is hard to trade vs. what is easy to trade has become paramount for asset managers trading bond markets,” said Michael Kuhlow, head of Austria, Germany and Switzerland (DACH) at TS Imagine.
“TradeSmart’s unrivaled functionality and speed of implementation ensure that dependency on how the wider market is defining a liquidity score for a specific bond is no longer a concern.”
The partnership follows the merger of TradingScreen and Imagine Software in May earlier this year to create the end-to-end trading and portfolio management software provider, TS Imagine.
Its platform’s fixed income analytics offering was also recently extended after it became the first vendor to gain access to Goldman Sachs’ pre-trade cluster analytics in May.
IHS Markit has also been expanding its client offering, most recently establishing connectivity with Neptune Networks and Lucera to add pre-trade analytics to its thinkFolio platform.