Algomi is a leading financial technology firm established in 2012, which is often described as a cross between Amazon and Sales force for bond market intelligence. They state, at Algomi we focus on providing innovative technological solutions for the financial market. Our advanced investment tools consist of two main software programs – Synchronicity and Honeycomb. The former focuses on the sell-side, whereas the latter targets the buy-side.

From then to now and beyond

Initially, Algomi investment information tools were designed for banks, but we have since added asset managers and investors to our successful Honeycomb network. This way, they can easily find the best bank in order to implement large trades. In addition to expanding our clientele, we have also expanded geographically. Our headquarters are in London but we now have a division in the USA and several other European cities.

A survey conducted by Desk’s Trading Intentions revealed that while 4% of users were already using Algomi investment information tools, a third expect to be using Algomi technology within 5 years. The survey was conducted across 24 buy-side firms based in Europe and the USA.

More on Honeycomb

Honeycomb provides buy-side firms the opportunity to critically interrogate the bond data provided by banks. This way, it is easier to establish who is likely to be the best counter party for an individual trade. In addition to that, Honeycomb provides an analytical record of why a specific broker has been chosen, which is matters under EU regulation.

Honeycomb’s future

With the success of Honeycomb, we are now looking to develop voice-enabled capability, to reduce operation time even further. Electronic trading is ideal for commoditised bonds, but we want to include more sophisticated relationships. This addition could be developed as part of non-commoditised trades in other asset classes, but also structured notes or even commodities.

With just one click, Honeycomb users will securely connect to their chosen dealer. This will enhance speed and productivity, as users will have an all-inclusive experience and be able to immediately communicate with counter parties using either voice or instant messaging.

We will be collaborating with IPC Systems – a leading global financial markets technology and service provider with over 6,000 financial market participants – to deliver Deal Call.