FlexTRADER Fixed Income

Advanced Buy-Side Fixed Income Execution Management System

As part of its unparalleled multi-asset capabilities, FlexTrade offers a comprehensive, open architecture, fixed income EMS for global buy-side institutions.

Complete Coverage of All Fixed Income Cash & Derivative Instruments

Enables All Liquid & Illiquid Execution Workflows

Axe Aggregation & Pre-Trade Analysis Tools

TCA & Best Execution Analytics

Key Features & Benefits

Coverage

  • All cash bonds — sovereign and corporate
  • Fixed income futures and ETFs
  • Munis, agencys and TBAs
  • Credit default swaps

Pre-Trade

  • Axe data set aggregation into a single scalable time series database
  • Intuitive and customizable charting of historical Axe trends
  • Integration with Neptune, Tradeweb, Bloomberg, Symphony, Excel and internal feeds
  • Theoretical prices from various sources, including Bloomberg, ICE, TRACE
  • TRACE, TRAX, ICE Liquidity Scores and proprietary FlexTrade’s TradeGUIDE
  • Capture chat-based RFQ over Symphony secure communication

Execution

  • Venue FIX connectivity includes Bloomberg, Tradeweb, MarketAxess, Liquidnet, Fenics UST, TPICAP, TRADe
  • Direct major bank/dealer price feeds/streams and click-to-trade functionality
  • Support for negotiated workflows like RFQ and BWIC
  • Chat execution through Symphony secure communication
  • Voice tickets linked to dealing turrets
  • Support for pre-trade allocations, blocking and splitting
  • Illiquid bond execution management tools

Post Trade

  • FlexTCA for counterparty analysis, hit / miss ratio etc.
  • Evidence Best Execution by capturing all events (transactional, and voice/chat data) in one place with no manual action
  • Ability to record “reason” for deviations from Best Execution process