TS Imagine, the leading global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, is pleased to announce the latest momentum indicators for fixed income electronic trading, per data capture from TradeSmart Fixed Income EMS (TradeSmart).

Use of TradeSmart’s Click-to-Trade and Click-to-Engage protocols grew 485% and 134%, respectively. The increases indicate a trend towards electronic engagement of algorithmic liquidity via direct connections to dealers. Direct dealer connections via TradeSmart allow dealers to send sharper prices to the buy-side with less risk of information leakage.

All-to-all (A2A) liquidity providing grew substantially, as indicated by a spike of 29% in the RFQ Responding protocol, as well as significant increases in the Order Book and Dark Pool protocols. TradeSmart users can engage across all venues from a single blotter and provide liquidity automatically when the opportunity arises, improving overall execution quality.

Additionally, TradeSmart users have continued to increase their usage of automation tools to drive more trading efficiency. This is evidenced by a volume uptick of more 50% across the variety of automated execution protocols available within TradeSmart, reflecting its role in scalability.

Spencer Lee, Head of Fixed Income and Chief Markets Officer, commented: “We are very encouraged by the solid overall growing momentum in fixed income EMS usage.  The numbers clearly indicate that more of the buy-side is beginning to see the benefits that TradeSmart brings to their daily trading process: better pricing and liquidity, the largest protocol choice available anywhere in the market, and less risk of information leakage. All of this culminates in lower transaction costs that contributes to better fund performance.”

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.

 

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