Hedge fund Agilon Capital has confirmed it will use TradingScreen’s (TS) order and execution management system (OEMS) for fixed income.
The fund specialises in long/short corporate credit strategies, and confirmed it will use TradeSmart to manage their activity across fixed income, including IG corporates, high yield, CDS, treasuries, and futures.
TradingScreen was awarded EMS innovation of the year at The TRADE’s recent Leaders in Trading awards in London.
Paul Reynolds, TradingScreen head of fixed income, said the firm competed against one of the largest EMS vendors in the industry in a tender process and was pleased to have won.
According to Agilon the differentiators included TS’ open connectivity with the most extensive list of data providers and trading venues.
“From the first demonstration, we recognised a product that has tremendous potential to be a leader in the evolution of the credit trading ecosystem,” said Spencer Lee, Agilon’s head of trading, formerly the head of fixed income trading in San Francisco and global lead for credit e-trading for Blackrock.
“I have spent considerable time working with many of the leading electronic trading venues and believe TS to be one of the best-positioned OEMS platforms to deliver a true next-generation buy-side trader workstation that handles the comprehensive integration that is required. The team has continued to deliver on our expectations and displays a strong commitment and passion for innovation.”