US fixed income investment firm Pimco will use Algomi ALFA to source and aggregate bond liquidity.
The data business at Euroclear joins Algomi’s other investors, S&P Global, Euronext and AllianceBernstein.
Scott Eaton appointed CEO of Algomi following the departure of Stu Taylor earlier this year.
Stu Taylor leaves Algomi after founding the fixed income technology business in 2012.
Consortium aims to establish universal connectivity standards for industry desktop applications.
Partnership means dealers will be able to tap database of custodians on behalf of buy-side clients.
Algomi ALFA provides fixed income liquidity and analytics to buy-side firms.
The TRADE speaks with CEO at Algomi, Stu Taylor, about Euronext’s recent $10 million investment, virtual balance sheets and how technology can help bond liquidity.
Investment will see Algomi’s bond network made available to fixed income traders at Euronext.
Bond technology specialist and stock exchange group announce long-term partnership to boost fixed income liquidity.