The new Ediphy Connect solution will operate a single normalised feed for fixed income markets across these three regions; launch follows the go-live of the UK bond consolidated tape on 22 June.
The five investors - Barclays, Citadel Securities, Deutsche Bank, TP ICAP and UBS Investment Bank – will provide technology infrastructure and market structure expertise for the tape.
The new API offering will allow firms to “focus on their trading strategies instead of navigating the complexity of the underlying market plumbing,” Ediphy chief executive tells The TRADE.
Ediphy has confirmed that it will continue with its claim for damages in the High Court in parallel; Etrading Software tells The TRADE that it welcomes the decision and endorses two complementary transparency initiatives.
The group, co-ordinated by Ediphy, consists of Google Cloud, UBS, TP ICAP, Cboe Global Markets, FactSet, and Norges Bank Investment Management.
In addition, Ediphy has confirmed its intention to bid for the European tape as well.
The partnership will allow Iress’ trading customers to source comprehensive liquidity from fixed income providers and venues across the US, Europe and APAC.
Meet the shortlisted nominees for The TRADE’s FinTech of the Year award, in partnership with Instinet, including Ediphy, Octaura, Saphyre and smartTrade Technologies.
With ongoing advances in technology, Wesley Bray explores the use of AI in fixed income, how it can help target liquidity and the shifting role of the trader as it adapts to work in tandem with new technologies.
The fixed income workflow solution – Ediphy Context – is aimed at traders, portfolio managers, quant analysts, compliance and senior management.