Tag Archives: straight-through processing

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.