Brexit. Trump tweets. That film “La La Land.” And, Fixed Income. Seldom does a day go by that there isn’t more news about market microstructures, technology, liquidity, regulation, and the changes to come in Fixed Income markets. Geopolitical uncertainty, pending interest rate increases, and increasing electronification, are just a few of the reasons why market participants and industry experts are in a frenzy about the state of Fixed Income.
Participants are challenged to navigate evolving roles between buy-side and sell-side players, new regulations, a rise of algorithmic pricing and hedging, and fragmented liquidity. They are limited in the visibility they can glean from trading systems and market providers within and across asset classes, resulting in increased market and operational risk, compliance deficiencies, and missed trading opportunities. All this to say, today’s Fixed Income markets are more complex and more competitive than ever.
But it doesn’t have to be that way.
Today, Corvil announced a new solution for Fixed Income, providing for the first time a view into the electronic trading ecosystem that combines counterparty activity, trader and client experience, and underlying technology platform performance in one correlated picture. It is this unique real-time granular view into the lifecycle of every transaction that provides the insight necessary to optimize business performance through better servicing of desks and clients, trade strategy adjustment, and technology optimization.
On the state of the market, Jack Mahoney, CEO of CoreOne Consulting and a 30-year veteran of Fixed Income trading and market structure analysis said “The new normal requires market participants to be facile with trading and risk technologies and to know how to extract meaningful insight from the digitization of their trading flows. The ability to leverage this growing data asset requires a deep understanding of an asset class market’s micro-structure, the trading business’s objectives and desk’s technical architecture. Those who have mastered this capability will continue to outperform relative those who lag in implementing tools that provide transparency into their pre-trade and trade lifecycle. What is impressive about the Corvil solution is the granularity of real-time information about order flows, hung orders, and things that were intended but never executed.”
Indeed, by providing real-time and retrospective visibility into every order, Corvil’s solution for Fixed Income trading provides analysis and transparency across the trade lifecycle, providing customers:
As the market continues to shift, solutions like Corvil’s will become increasingly pertinent.
Markets Media reports, institutions are allocating their increasingly scarce resources to fixed income pursuits and technology, according to a recent report from Greenwich Associates. However, only Corvil’s Fixed Income solution can provide the level of granularity needed for market players to improve performance and remain competitive.