Algomi is an innovative Fintech company, launched in 2012 in the UK. Algomi was created by Stu Taylor (formerly of UBS), Usman Khan and Robert Howes (founders of CAPXD), and Michael Schmidt (also from UBS). Our company develops and provides software for fixed income market data for the buy-side and sell-side, within a co-operative community network. Both the Honeycomb network for the buy-side and Synchronicity for the sell-side help group and distribute information and maximise the relationships between salespeople, traders and investors.

What is Honeycomb?

Honeycomb is an award-winning online platform, which was launched in 2014. Initially, it was created for sell-side users before expanding to buy-side users in 2015 with the development of Synchronicity, a patent-pending platform. Honeycomb is a Java based application hosted by Algomi. As the name suggests, it is built on unstructured messaging among different interconnected components, just like within a beehive. Through this messaging, Honeycomb enables loose coupling, isolation and even location transparency between communications. The end result of this innovation from Algomi: investment in bond trading made easier.

Honeycomb is innovative because it introduces a new dimension of data, which were previously unable to be gathered by telephone – namely reliable information on bank distribution capability. This information is not outdated but timed with great detail. Our software is installed within a bank and provides trusted data, with their permission.

For banks, Algomi Honeycomb brings together both sales associates and traders with investor clients and internal bank parties. Using data generated by the banks and external, reliable sources, Honeycomb allows banks to find the best trade opportunities and make efficient matches between traders, salespeople and their clients. Honeycomb’s bond information network is not a trading platform but rather assists in what eventually plays out on a trading platform.

Honeycomb’s sources are diverse for maximum efficiency. Runs, axes, flow and enquiry, trade colour and the data are typically provided and updated on the platform instantaneously. Dealers have the option to search across the network in order to better understand trade-by-trade connections, without necessarily drawing attention.

Communications between the bank and investors are strictly voice-based, since we value interpersonal communications. Human interactions still lie at the heart of trading but with Algomi Investment we make these interactions more effective.