ICE explained that it believes its offering will promote competition and enable the US Securities and Exchange Commission’s (SEC) policy objectives around increasing transparency and resilience in the treasury securities market.
Named VIXTLT Index, the new offering will enable market participants to track future expected volatility in the US Treasury market.
Move will enable TradeSmart users to access BondDroid AI’s streaming prices and analytics before and after US market hours each trading day.
With trading volumes for US corporate bonds up 34% year-on-year, the only feasible way to meet this demand is to price and quote bonds faster than a human could via point-and-click, finds Coalition Greenwich report.
Individual who had been at Titan Asset Management since 2021 will now be focused on developing the fixed-income trading offering and assisting with managing across Titan Investment Solutions’ Hybrid Capital, Core Credit and Short Duration IG income funds.
The partnership will benefit all FactSet Workstation buy-side and wealth users as well as Portware execution management system (EMS) users.
The TRADE sits down with Tommaso Di Grazia, head of fixed income product development at ION, to discuss the rise of credit portfolio trading, how innovation is aiding adoption, and key trends shaping the future of credit portfolio trading.
US corporate bonds began trading on 20 May, with the remaining products expected to be live by the end of next month.
“Factors including cost and quantifiable return on investment (ROI) still hinder traders who are considering the adoption of new trading technology,” however sentiment towards e-trading is increasingly positive, says Coalition Greenwich.
Currently, more than 35 dealers and 90 asset managers operate on LTX’s AI-powered corporate bond trading platform.