In recent years, the fixed-income market and technological advancements have become increasingly interconnected. Today investment tools provided by Algomi are more advanced than ever. They are eager to leverage the power of innovative investment technology to help the entire financial industry achieve greater efficiency and profitability.

Then and now

Bond trading as we know it is quite a recent creation. Back in the day, the process started with a salesperson going to a trader and then back again for as long as was needed. Communicating by phone alone, this used to be a long and tedious process for thousands of buy-side employees.

By that time, it was evident, that a new type of technology was needed in order to provide safety and efficiency. In 2012, Algomi created just this, enabling banks to establish real-time internal collaborations with investors. Algomi investment information tools in the form of Honeycomb for the buy-side and Synchronicity for the sell-side, minimises illiquidity and promotes better communication between all parties.

They expressed, “we realised relatively quickly that illiquidity was one of the main causes of time-consuming market communications. Despite the evolution of the market in the past decades, many people still keep track of trades and missed trades on notebooks or Excel spreadsheets, without necessarily sharing this information across the company”.

Algomi investment information tools are revolutionary because by having direct access to the investment banks, they are able to digitise all the franchise data in a trading environment. Using this information, they then identify the right people inside an organisation to connect buyers and sellers, based on a thorough analysis of their trading histories and other information. This type of ‘bond information network’ helps facilitate connections in large, illiquid transactions.

Smoothing the way for trade

Their innovative technology can connect every salesperson in an organisation, so they gather their information safely and reliably before deciding on what trades to make. Algomi now have plugged the buyer and seller-side into this system, so that their clients can see the developing nature of liquidity at various institutions. With the Algomi investment information technology, they’ve managed to create a comprehensive trading network, increasing the efficiency and speed of voice trades between banks and investors.