Corvil Announces Solution to Improve Fixed Income Trading Effectiveness

New Type of Visibility Provides Necessary Insight to Optimize Trading Performance in Evolving Fixed Income Markets.

Corvil Announces Solution to Improve Fixed Income Trading EffectivenessBy David Murray    14 March 2017      Announcements

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:

  • Improved client experience by demonstrating execution success, order intent, and algo responsiveness metrics
  • Reduced market and leg risk through identification, analysis, and insight for remediation of missed prices and hung orders
  • Reduced operational risk through real-time transaction and technology infrastructure and application performance monitoring
  • Enhanced transparency to satisfy regulatory requirements for cyber security, precision time synchronized record keeping, and transaction reporting

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.

Corvil Announces Solution to Improve Fixed Income Trading Effectiveness

David Murray, Chief Business Development Officer, Corvil
Corvil safeguards business in a machine world. We see a future where all businesses trust digital machines to algorithmically conduct transactions on their behalf. For some businesses, this future is now.