The audience at FILS USA got an in-depth insight into optimising front office technology on Thursday, with a detailed analysis of how desktop interoperability tools can be used to support traders, including their role…
Fixed income trading is well beyond the request for quote (RFQ)-only era, i.e. when the only way for a trader to find the other side of a transaction was by canvassing brokers. But while…
Treasury launches new effort to improve resilience of its market
The US Department of the Treasury, in consultation with the Inter-Agency Working Group on Treasury Market Surveillance (IAWG), has taken the next step in its…
As fixed income market participants eye the threat of a further back-up in yields, liquidity sourcing is being reassessed.
While technology has greatly advanced the capabilities of the trading desk, when bond prices swoon, the…
Getting the next generation of traders to have the right skills and capabilities, without losing the existing market knowledge, requires traders to be multi-faceted, the audience at FILS USA 2022 heard on Thursday.
“It's completely…
The turbulence in fixed income markets over the past six months likely will continue through the second half of 2022, according to Seth Bernstein, President and CEO of AllianceBernstein.
“The Fed has never engineered a…
European including of government bonds within its consolidated tape, and a new joint venture amongst platform giants Bloomberg, MarketAxess and Tradeweb, could allow Europe to leapfrog the US in terms of market transparency. The…
The rollout of FDC3 as a standard to support desktop interoperability between different applications has generated considerable interest in the trading community.
Dwayne Middleton, global head of fixed income trading at T Rowe Price says,…
Every trader attending FILS will be keeping an eye on the markets, as bid-ask spreads continue to tick upwards and volumes remain choppy.
Looking at corporate bond trading volumes over the past two weeks, data…
The buzz at FILS this year reflects the three-year hiatus from in-person events – and the amount of change that has occurred since then.
Discussion between buy-side traders on the Buy-Side Only Innovation Day…
Reaching out into the market to find the other side of a trade is contingent upon the right approach, be that a particular trading protocol or the best pre-trade selection of a specific counterparty.
The…
The Fixed Income Leaders’ Summit (FILS) USA will this year begin after a period of difficult liquidity in bond markets.
MarketAxess data showed trading volumes halve in May for both US and European investment grade…
Bloomberg, MarketAxess and Tradeweb Markets today jointly issued the following statement:
“We are pleased to announce an initiative to jointly explore the delivery of a consolidated tape for fixed income instruments in the European Union,…
This page is dedicated to reports from The Fixed Income Leaders Summit, Nashville, 22-24 June, 2022. More content will follow from Wednesday 29th June onwards. Sessions on the 22nd June, the Buyside Evaluation day, will not be reported.
While every attempt is made to record delegates accurately and obtain quote approval prior to publishing if there are any inaccuracies please contact Dan Barnes.
HomeProduct typeCreditCGS-CIMB Securities adopts Bloomberg TOMS and data licence for expansion
Asia-based financial services provider, CGS-CIMB Securities International, has adopted Bloomberg’s Trade Order Management System (TOMS) and data via Bloomberg Data License (DL) to scale up its regional fixed income strategy and expand into new markets including South Korea, Taiwan and Hong Kong.
The principal activities of CGS-CIMB’s Fixed Income Department include trading and execution, development of fixed income products and portfolio solutions for retail, corporate, and institutional clients. With a large Asian footprint, CGS-CIMB Securities has been investing in infrastructure and digital transformation efforts to create a differentiated operating model.
”We take an on-the-ground approach to identifying efficient technology to build an architecture that promotes product superiority and scalability. Our order taking workflow has transitioned from voice to real-time FIX connectivity for our buy-side and CFD bond businesses. This is a culmination of development and design work we’ve been focusing on, to deliver value to customers and shareholders,” said Dino Tan, regional head of fixed income, at CGS-CIMB.
Tan added, “With Bloomberg’s partnership, we are able to centralise and optimise workflows across the pre-to-post trade cycle, which includes syncing-up execution, risk reporting, and settlement bookings functions. Technology transformation continues to be a priority to ensure we stay at the forefront of digital innovation in the Asia credit markets.”
Phil McCabe, Bloomberg
Phil McCabe, global head of sell-side solutions at Bloomberg, said, “We are excited to support CGS-CIMB as they expand their fixed income franchise in a dynamic region. Our fixed income heritage and deep technology expertise will support their growth and help them advance fixed income investment in Asia-Pacific.”
Bloomberg’s TOMS helps sell-side firms to manage inventory, risk, P&L, compliance, and straight-through-processing (STP) across various asset classes. The suite of solutions includes electronic trading tools and market connectivity to help firms synchronise their front office risk and trading with middle-office, operations, and enterprise applications in real time.
The firm’s suite of solutions for the sell-side is reportedly accessed by 16,300 users across the world manage positions, trade orders, multi-asset risk, execution. It also supports salesperson efficiency, based on an algorithm that helps relationship managers to know which clients to call and when.