KCG BondPoint expands OMS providers through Bloomberg integration

Bloomberg’s TSOX and AIM tool users will gain access to KCG BondPoint’s credit and municipal bond liquidity pool.

KCG has announced an expansion of buy-side order management system (OMS) providers on KCG BondPoint, through an integrated workflow with Bloomberg.

Bloomberg TSOX and Bloomberg AIM users will now have access to KCG BondPoint’s credit and municipal bond liquidity pool via Bloomberg terminals.

KCG revealed its electronic fixed income trading venue saw an average daily fixed income par value traded of over $200 million, a 51% increase year-on-year.

The firm said BondPoint’s growth “is attributable to market share gains in corporates and municipals, significant odd-lot bond trading activity and a continuing trend favouring electronic fixed income trading by both sell-side and buy-side firms.”

Head of KCG BondPoint, F.A Romano, said Bloomberg’s TSOX users will gain “access a new, incremental pool of diverse and immediately executable securities as part of their existing workflow.”

Greg Tusar, head of execution services and platforms at KCG, added that the ally with Bloomberg is “an important step toward providing our Institutional clients with immediate access to more liquidity via cutting-edge workflow solutions.”

The TRADE recently spoke with chief executive officer at KCG Europe, Philip Allison, who discussed the firm’s recent acquisition of Neonet and its strategic push into Europe.

To read the full interview, click here