Algomi’s Honeycomb is an award-winning, innovative software program that allows portfolio managers and execution employees to turn complex or abstract information into usable finance knowledge. This information can then be used to trade with increased safety, speed and efficiency.

Below you will find Algomi’s statements on the buy-side of their software solutions.

Technology that can’t keep up

At Algomi, we realise that many buy-side firms either use limited-scale electronic platforms or the telephone to manage inquiries and execute orders. Choice of the medium is dependent on the size of trades. These processes can be very time-consuming and do not always guarantee thorough understanding of the available data.

A modern solution

The Algomi investment information tool Honeycomb is a Java-based platform that collects, filters, combines and directs information from multiple sources, mostly sell-side firms, to buy-side traders. The Honeycomb information network analyses complex or abstract data and turns this into usable knowledge. At the same time, it sets a new standard in the way dealers function, recognising that values now derive from their distribution network and not their balance sheet.

As its name suggests, Honeycomb is a multi-sided and segmental application built upon a complex algorithm. The technology used for the classification of information enables loose coupling, isolation and location transparency. Honeycomb also includes internal patches for performance improvement.

Algomi investment technology: secure, safe and speedy

Honeycomb is highly accurate because it processes real-time information and is designed to fit in with the requirements of each individual bank. The application allows investors to view information shared by multiple sell-side firms, without revealing their intentions, until they are ready to proceed to communications. The system is designed in such a way as to prevent information leakage. It also reduces market noise associated with multiple inquiries.

Once the investor has expressed interest to a specific bank, the sales contact on the inside is informed of which other salespeople have clients who are most likely to be the other side of the trade. This reduces the danger of leakage.

Honeycomb uses various information deriving from runs, axes, flow as well as enquiries. However, the execution is not done digitally in order to ensure maximum safety between the investor and the bank. This provides the buy-side party with useful information, while remaining discreet throughout the whole process.