The offering – which leverages MarketAxess’ RFQ-hub platform – will allow OptimX users to initiate RFQs and engage with liquidity providers within existing workflows.
The offering will allow institutional investors to estimate counterparty price commitment prior to indicating intent to trade; T.Rowe Price has signed on as an anchor client, The TRADE understands.
The new solution – RealQ – aligns with the firm’s objective to create a combined dealer-to-client (D2C) credit business, following the acquisition of Neptune Networks in June 2025.
The new solution will combine liquidity across multiple Trumid protocols into a single automated workflow within trader-defined limits; “[...] traders will increasingly seek automation that can also operate across multiple liquidity protocols simultaneously rather than within isolated RFQ workflows,” global head of sales tells The TRADE.
The authorisation marks the culmination of the consolidated tape's regulatory process; Etrading Software was granted a £4.8 million contract by the FCA to deliver the tape back in September 2025.
The new desk operates across New York, London, Dubai and Singapore and is set to support hedge funds and banks executing complex fixed income and futures strategies.
The past week was one for the books, with a multitude of senior moves across both the buy-and sell-side, spanning fixed income, execution, equities and outsourced trading.
New head of US fixed income has been with the firm for 13 years; departing individual’s next role is currently unconfirmed.
The firms include Goldman Sachs, JP Morgan, TD Securities, Morgan Stanley and Bank of America; integration is set to provide increased choice and liquidity provision for buy-side clients across fixed income markets.
The integration comes as electronification across the fixed income sphere continues at a rapid rate; move is set to support trading desks in overcoming fragmented liquidity, manual workflows and rising expectations around best execution.