Ediphy Markets has launched Ediphy Credit, a service to help institutional asset managers access better liquidity in corporate bonds. Ediphy Credit combines data analytics with venue connectivity and order routing capability to help traders to access the corporate bond markets.
“Credit markets are notoriously difficult to trade, particularly in current market conditions, and this new service helps our clients find the right liquidity wherever it is,” said Chris Murphy, Ediphy co-founder and CEO. “We have heard from our clients that they continue to look for new solutions to help them navigate the myriad of protocols and venues to find the best liquidity. With this service, clients have a one stop shop to work their orders, taking advantage of contextualised data to understand what can be traded and when. The combination of data-driven execution and trade workflow in an integrated platform is truly transformational. We’re excited to make Ediphy Credit available today.”
The service’s combination of data analysis, workflow technology and a regulated execution capability, is intended to augment any client’s internal trading function. Ediphy connects to the entire market, scanning venues with the goal of getting best execution. Transaction and processing costs are then factored into execution decisions.
By reducing the level of work required to source liquidity and route orders, Ediphy is expected to free up resources on the trading desk and in the back office. The burden on technology and onboarding resources should be reduced for users by using Ediphy’s connectivity and trading relationships.
Once an order is submitted, Ediphy provides transparency over the way the order is being worked at every step of the process via a browser-based interface. Trade aggregation and allocation capabilities are then supported to meet trade processing needs.
Ediphy also supports the creation of relevant stats from data and integrate it into trading workflows to support instrument selection, price discovery and market timing integrating pre-trade, point-of-trade and post-trade analysis together.
Ediphy Credit is delivered alongside the other Ediphy core execution services provided for government bonds and cleared interest rate swaps, using the one platform to delivers support to manage fixed income portfolios.