TS Imagine, the leading global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, is pleased to announce the availability of TDS Automated Trading (TDSAT), a leader in municipal bond markets, through the TradeSmart Fixed Income EMS (TradeSmart).

TDSAT is the latest leading fixed income dealer available to the buy-side directly through TradeSmart. In addition to connecting the buy-side with leading fixed income dealers directly, TradeSmart also captures pricing information, dealer quotes, real-time trade data, and much more.

TDSAT, previously known as Headlands Tech Global Markets, operates as a fully automated electronic market-maker in municipal and investment grade corporate bonds. TDSAT employs data-driven innovation and technology strategies to deliver value-added electronic solutions to clients.

“Over the past 25 years, TradeSmart has built a broad network of over 250 listed brokers, dealers, venues and algos, cementing its status as an essential gateway for liquidity seekers across asset classes,” said Spencer Lee, Chief Markets Officer and Head of Fixed Income at TS Imagine. “The addition of TDSAT marks a significant milestone in the electronification of municipal bond markets, as we witness increasing technology adoption in the broader fixed income market.”

“TDSAT is excited to be working with TS Imagine to deliver real-time municipal bonds liquidity to the buyside community,” said Marty Mannion, Co-Head of TDSAT. “We continue to be impressed with TradeSmart’s ability to develop and implement advanced execution capabilities that help clients adapt to a rapidly changing fixed income landscape.”

Today’s announcement is the latest in a series of developments regarding TradeSmart Fixed Income. Last month, TS Imagine announced the integration of LTX, an AI-powered fixed income trading platform, to offer mutual buy-side clients improved pre-trade transparency, price discovery and better access to aggregated liquidity within their existing workflows. Earlier this year, TS Imagine announced its connection to ICE Bonds to offer clients seamless access to its fixed income execution protocols and liquidity, including trading protocols for Municipals and Corporates, across the ICE TMC and ICE BondPoint platforms.

About TS Imagine

TS Imagine delivers a best-in-class SaaS platform for integrated electronic front-office trading, portfolio management, and financial risk management tools to the buy-side and sell-side. Formed following the merger of TradingScreen and Imagine Software in 2021, TS Imagine innovates by drawing on nearly thirty years’ experience serving the world’s most sophisticated financial services firms through changing markets and a shifting regulatory landscape.

The TS Imagine team is focused on developing technology that empowers its clients to succeed every day, in every asset class. TS Imagine employs the best technology talent, alongside former senior traders who understand first-hand their client’s pressure points and how to address them. This complementary expertise, unique to the industry, enables TS Imagine to dive deep in areas such as data science, automation, and development. As a result, clients can focus on what they do best: generating and protecting alpha within fast evolving markets.

By offering a range of purpose-built solutions developed from the ground-up, TS Imagine technology has become an essential tool for the modern investor, working seamlessly across asset classes and geographies. With greater transparency, better efficiency, and infinite scalability, TS Imagine clients are empowered to circumvent distractions and avoid unnecessary tasks so they can maintain their focus on driving returns.