TORA announced that it’s expanded its multi-asset Order & Execution Management System (OEMS) trading platform to support fixed income. It now has a range of proprietary tools to help traders access bond liquidity and execute and manage bond orders across a broad range of sectors.
Coverage goes across government, sovereign, supranationals, agency, investment grade corporate bonds, high yield, emerging markets, covered bonds and municipal bonds, and is aimed at attracting global fixed income managers. This adds to existing coverage of fixed income futures, options and ETFs.
Bond trading has become increasingly electronic and secondary market liquidity is a constant challenge. The OEMS includes ‘comparable bond’ search tools, axe and inventory insights, historical analysis of trade execution quality and automated order routing based on bespoke rules. It also makes use of the existing tools within the OEMS including full pre-trade compliance controls, pre- and post-trade allocation, real-time position-keeping and P&L monitoring.
Robert Dykes, CEO at TORA said in a statement: “We have seen a shift in client requirements towards one trading system that can cover all their desks, with TORA OEMS now including fixed income we are well positioned to meet those needs.”
David Tattan, head of European Sales at TORA said in a statement: “The surge in electronic bond trading is transforming this market. We are now actively working with global fixed income asset managers enabling them to access a wider pool of bond liquidity, monitor and centralize market information while streamlining their operations”