Tag Archives: BondPub

Financial Technology Laboratories Release Enhancements to BondPub Bond Execution Management System for Fixed Income Markets

BondPub provides bond traders a fast and reliable method for quote distribution and order aggregation across multiple trading venues in one application, enhancing productivity.

FT Labs BondPub

Financial Technology Laboratories, Inc. (FTLabs), a leading technology solution provider for the fixed income securities market, announces enhancements to the BondPub fixed income liquidity management system for the second quarter of 2020.

Designed by electronic trading industry experts and built for use on Windows and the Amazon AWS platform, the combination of FTLabs BondPub liquidity and execution management software and FTLabs BondHub managed routing network enables fixed income traders to centralize and manage much of their daily workflow from a single screen.

BondPub is a highly responsive and productive software tool for active corporate, agency, and municipal bond traders that want to free up hours of their day otherwise spent manually updating multiple systems. It is scalable for use by a single trader or by an entire department with any updates immediately reflected in real-time on the screens of other traders on the desk. BondPub provides:

  • Multi-level quote pricing and distribution to multiple ATSs from one spreadsheet-like interface
  • Mass quote markup/markdown
  • Aggregated order blotter showing consolidated view of all ATS orders
  • Configurable order alerts through pop-ups or email
  • Enhancements for taxable traders with spread-to-benchmark pricing and two-sided markets

“Productive management of quotes demands fewer mouse-clicks and keystrokes. BondPub achieves this with an intuitive workflow interface and reliable network connectivity. This translates to speed and accuracy, which is what matters in the market today,” says Robert Bottoni of American Capital Partners LLC.

The FTLabs BondHub managed, hosted routing network enables BondPub to communicate with ATSs and clearing firms with:

  • Outgoing quote distribution to the ATSs and other systems
  • Incoming orders and drop-copy trade notifications from the ATSs and other systems
  • Outgoing drop-copy trade notification for integration with in-house or 3rd-party systems
  • Programming API available for system integration with both BondPub and BondHub
Finance trade manager analysing stock market indicators for best investment strategy, financial data and charts with business buildings in background

Financial Technology Laboratories Enhances Sell-Side Fixed Income Execution Management System

Financial Technology Laboratories, Inc. adds trade reporting and compliance capabilities to BondPub, a state-of-the-art software system for sell-side fixed income traders centralizing quote distribution, order aggregation, and trade reporting.

Finance trade manager analysing stock market indicators for best investment strategy, financial data and charts with business buildings in background

Financial Technology Laboratories, Inc. (FTLabs) announces new system enhancements for the BondPub fixed-income execution management system for sell-side bond trading desks, providing clearing connectivity with the major clearing platforms to allow for straight-through processing of trades, trade and account level compliance checking, and trade compliance reporting.

Built for the Microsoft Windows platform and designed by industry experts in electronic trading, the BondPub execution management system (EMS) enables bond traders to efficiently control the real-time outbound distribution of their corporate, agency, CD, and municipal bond market quotes, aggregate inbound order flow from the most requested bond trading venues, and report trades to clearing.

The BondPub application software connected through the BondHub managed connectivity network gives sell-side bond traders a competitive edge by providing them with a clean and intuitive user-interface where they can manage quote pricing and distribution to multiple fixed income alternative trading system (ATS) venues in one place. Orders from all connected trading venues are aggregated in a single order blotter. A consolidated trade blotter supports trade reporting to the major clearing platforms.

“When American Capital Partners began expanding our fixed income division, we needed a platform that would enable us to control all our ATS markets with one system. We chose FTLabs BondPub as our platform. They also built in straight-through processing so all our ATS executions instantly report and book with our clearing firm. FTLabs is turning out to be a great fit.”, said John Picerno, Head of Trading for American Capital Partners, Inc. of Hauppauge, New York.

BondPub protects the sell-side desk from broken trades and overselling with built-in distribution controls that automatically reduce quantities or remove quotes on all other trading venues the instant an order is received. It incorporates a high-performance calculation engine that supports real-time quote pricing on a yield, percent of par, or spread-to-benchmark basis.

BondPub securely connects clients to the FTLabs cloud-hosted BondHub managed connectivity network where quotes, orders, and trade notifications are exchanged with data vendors, trading venues, and clearing firms. BondHub acts as a shared integration platform as a service (IPaaS) so that client firms do not have to manage and support their own individual connectivity to industry vendors and services.

FT Labs Enhance BondPub

Financial Technology Laboratories Releases Enhancements to BondPub Bond Execution Management System for Fixed Income Markets

BondPub provides bond traders a simple, fast, and reliable method for quote distribution and order aggregation across multiple trading venues in one application, enhancing productivity.

FT Labs Enhance BondPub

Financial Technology Laboratories, Inc. (FTLabs) releases major upgrade to BondPub, a fixed income execution management system for bond traders, including:

  • Enhanced support for corporate bond trading with spread-to-benchmark pricing and bid-ask quoting for making two-sided markets.
  • Expanded integration with most major ATS platforms supporting drop-copy trade messaging for incorporating ‘done-away’ trades into the BondPub workflow.

Built for the Windows platform and designed in conjunction with electronic trading industry experts, BondPub’s execution management system (EMS) software solution enables bond traders to control the real-time outbound distribution of their corporate, agency, CD, and municipal bond quotes and aggregate the inbound order flow from the most requested bond trading venues in one simple user-interface.

BondPub gives bond traders a competitive edge by providing them with an intuitive Microsoft Windows application to manage quote pricing and distribution to multiple alternative trading systems in one place. Orders from all the connected trading venues are aggregated in one order blotter.

BondPub increases the efficiency of the trading desk with built-in data distribution controls that eliminate overselling and broken trades by automatically updating quotes across all venues as soon as an order is received.
It also includes a high performance calculation engine that supports real-time quote pricing based on percent of par, yield, or live spread-to-benchmark pricing.

“BondPub is a big productivity enhancer for our trading desk. We used to spend hours a day updating prices across all the major platforms to keep up with the markets. When we sold, we would race to update our listings to keep quantities accurate to avoid the risk of overselling. BondPub now automatically handles all of that giving us back hours in our trading day.”, said Peter Scott, Managing Director Fixed Income Investments for Moors & Cabot, Inc..

BondPub for Investors

Financial Technology Laboratories Releases Bond Execution Management System for Fixed Income Markets

BondPub provides bond traders a simple, fast, and reliable method for quote distribution and order aggregation across multiple venues in one application, enhancing productivity

BondPub for Investors

 

Financial Technology Laboratories, Inc. (FTLabs), a leading provider of technology solutions for the fixed income securities market, announced today the production release of BondPub, a fixed income execution management system designed specifically for bond traders.

Built for the Windows platform and designed in conjunction with electronic trading industry experts, BondPub’s execution management software solution enables bond traders to control the real-time outbound distribution of their corporate, agency, and municipal bond quotes and aggregate the inbound order flow from the most requested bond trading venues in one simple user-interface.

BondPub increases the productivity of bond traders by providing them with an intuitive Microsoft Windows application to manage quote pricing and distribution to multiple alternative trading systems in one place. Orders from all the connected trading venues are aggregated in one order blotter.

BondPub increases the efficiency of the trading desk with built-in data distribution controls that eliminate overselling and broken trades by automatically updating quotes across all venues as soon as an order is received.

It also includes a high performance calculation engine that supports real-time quote pricing based on percent of par, yield, or live spread-to-benchmark pricing.

“BondPub is a big productivity enhancer for our trading desk. We used to spend hours a day updating prices across all the major platforms to keep up with the markets. When we sold, we would race to update our listings to keep quantities accurate to avoid the risk of overselling. BondPub now automatically handles all of that giving us back hours in our trading day.”, said Peter Scott, Managing Director Fixed Income Investments for Moors & Cabot, Inc..

Bond Execution Management Software

Financial Technology Laboratories Launches Bond Execution Management Software for Fixed Income Markets

BondPub provides bond traders a simple, fast, and reliable method for streaming distribution of quotes and aggregation of orders to multiple trading venues in one platform, maximizing return.

Bond Execution Management Software

Financial Technology Labs, Inc. (FTLabs), a leading provider of technology solutions for the fixed income securities market, announced today the beta launch of BondPub™, a fixed income execution management solution tailored specifically for bond traders.

Built on a Windows platform and designed in conjunction with electronic trading industry experts, BondPub’s execution management solution is intended to serve as a complete solution-in-a-box that enables bond traders to control the outbound distribution of their corporate, agency or municipal bond quotes and aggregate the inbound order flow from the most requested trading venues in one simple real-time interface.

  • BondPub increases productivity by responding in a fraction of a second to confirm orders and send updated quotes.
    Key features for bond traders include:
  • High performance calculation engine that supports real-time quote pricing based on percent of par, yield, or live spread-to-benchmark pricing.
  • Security controls that eliminate overselling and broken trades when an ATS order is received by automatically updating all trading venues at once.
  • Automatic drop copy trade notifications of transactions completed on the ATS platforms into a consolidated order blotter.
  • Integration with the firm’s existing systems resulting in reduced manual keying and minimal (minimized) reporting time.

James Rucker, President of FTLabs said, “BondPub was developed with the trader in mind so that they can focus on trading in one interface rather than the mechanics of managing quotes and transacting with many different platform interfaces.”

fixed income traders

Futures Look Bright for Small Traders Investing in Fixed Income Technology

Everyone who makes a living in the fixed income world should be concerned about the long-term future of small dealers.

fixed income tradersThe ever-rising regulatory burden comes with real costs. As one warning sign, the number of broker dealers registered with the SEC slid to 3,989 in March 2017 from 5,892 a decade earlier. When Greenwich Associates last year asked bond traders if they would choose the same career if they were starting all over again, only 39 percent said yes. Just over half said no. That’s hardly a vote of confidence. But it’s no surprise.

The regulatory backlash against risk, fears of getting in trouble in an environment filled with red tape and worries about automation all have affected morale in a field once glamorized in best-selling books and Hollywood movies.

Under the Dodd-Frank legislation, banks have been required to keep more assets in cash, and that has been blamed for reducing liquidity in bonds. Critics also argue that the “Volcker rule,” which mandates greater transparency for investors of corporate and agency bonds, hurts the corporate bond market. Those are just two examples out of many.

While there are arguments on all sides of the regulatory debate, we believe it’s best for the bond market when a varied array of dealers can prosper, with all sizes in the mix. Startups help stir competition and innovation that strengthen fixed income markets. New enterprises give consumers more choice for fixed income portfolio management. Smaller dealers can be nimble about introducing new ways of doing things, including advances in fixed-income analytics.

Small Trading Firms Have Bright Futures

The good news is, small trading firms can thrive in the future. Sensible changes in regulation, along with innovations in fixed income technology, can ease some of the challenges in portfolio management that are especially costly for the smaller firms.

On the regulatory side, we need more officials who recognize that rules come with costs. The Brookings study cited above, for example, was written by Hester Peirce, a thoughtful expert on financial regulation who has warned that burdensome red tape can hurt the economy. On January 11, she was sworn in as a commissioner on the SEC.

At the same time, regulation is not the whole story. Veteran traders may feel threatened by the growing push for automation. And smaller companies may be at a competitive disadvantage when it comes to incorporating costly, high-end order management systems.

Fixed Income Technology Matters

If technology presents some challenges to the smallest dealers, it also points the way to a prosperous future.

Fixed income technology can provide tools, such as comprehensive analytics and front-end trading applications, that help smaller traders navigate today’s regulatory environment. Tools that make it easier for small dealers to manage their bond inventory and enable traders to fill orders swiftly are becoming increasingly affordable. These products can help a firm more effectively participate in electronic bond trading and still avoid the kind of inadvertent over-selling that can prompt regulatory sanctions, streamlining work flow and empowering traders to do what they do best – buy and sell securities.

As one example, our own BondPub is a cost-effective and light-weight execution management system innovation that enables traders to manage publication of varied fixed income offerings and bids more easily than ever before, in an efficient, easy-to-use platform.

These innovations in fixed income technology can help firms of all sizes prosper, even in a challenging regulatory environment. Increasingly, they will offer a valuable boost in productivity for small firms and level the playing field in fixed income portfolio management. And that will be healthy for the entire bond market.

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GREENWICH ASSOCIATES