The move also aligns with the upcoming launch of the UK consolidated tape for bonds, set to go live on 22 June, and will support firms looking to connect and prepare for the tape's impact.
The collaboration coincides with a greater push for data transparency across the bond market, ahead of the upcoming EU and UK fixed income consolidated tapes.
“This collaboration has helped us to make more informed decisions and stay competitive in an evolving landscape,” said Angela Lobo, head of eSales and sales chief operating officer, Jefferies.
Schroders’ trading teams are leveraging Propellant’s analytics technology and Virtu Financial’s global multi-asset infrastructure.
“We’ve seen the adoption of EMS solutions on fixed-income trading desks continue to grow this year, and we expect it to accelerate further as we move into 2025,” Andy Mahoney, managing director, EMEA, FlexTrade tells The TRADE.
Participants across Tradeweb, TransFICC, Propellant, FlexTrade Systems and Trumid explore expected innovations and technological advancements for the year to come.
Incoming individual has previously held positions at: Goldman Sachs, Accenture, and Deutsche Bank.
The TRADE sits down with Vincent Grandjean, founder and CEO of Propellant, to discuss why managing the market data challenge is one of the most important differentiators in the fixed income space right now.