Algomi will be integrated with BGC’s electronic trading and software division Fenics, after the deal closed late last week.
The historic barriers to entry for new technologies in the fixed income markets are. We examine how technology providers are addressing these issues and helping trading firms gain more efficient access to bond liquidity, while the buy-side grapples with the ever-present issues presented by fixed income data.
Traders can now interact with corporate bond liquidity from Liquidnet and Trumid via the ALFA platform.
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.