FlexTrade, a multi-asset execution and order management systems firm, and Propellant Digital, a trading data analytics firm, partnered to provide pre-trade insights to T. Rowe Price's fixed-income trading teams.

According to the official announcement, T. Rowe Price will enhance its fixed-income trading capabilities by adopting Propellant Digital's analytics platform through FlexTrade's execution management system, FlexFI. This collaboration promises to streamline workflows, deliver real-time market insights, and optimize trading strategies for T. Rowe's trading teams.

Leveraging Real-Time Transparency

The integration of Propellant Digital's data analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term with FlexTrade's FlexFI platform offers T. Rowe Price's fixed-income teams access to pre-trade information, including real-time market activity, historical trading prices, and aggregated trade volumes.

By embedding these insights within FlexFI's order blotter, the partnership aims to capitalize on the growing transparency requirements for enhancing fixed-income trading in Europe and the UK.

Andy Mahoney, the Managing Director for EMEA at FlexTrade, said about the integration: “The ability to aggregate multiple sources of market, pricing, and trading data into a single view is one of the key drivers for adopting a fixed-income EMS. With sources of pre-and post-trade data ever-increasing in richness, volume, and complexity, it's now becoming paramount that bond trading desks adopt a fixed-income EMS rather than managing this data manually.”

T. Rowe has welcomed FlexTrade's role in this collaboration, describing it as significant. The company explained that using FlexFI as its fixed-income execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management system enables it to efficiently incorporate new data sources into its trading interface.

This flexibility ensures traders get an aggregated view of multiple data streams, which is crucial for making informed decisions amidst constantly changing market dynamics.

Technological Collaboration for a Data-Driven Approach

Propellant's focus on transparency and analytics complements FlexTrade's open architecture, creating a trading environment that integrates new data sources. The new partnership is reportedly built around ensuring traders can access and act on pre-trade data.

Early this year, the Italian asset management firm Anima Alternative SGR integrated a new analytics suite accessible through FlexTrade Systems. Anima's traders can use the data to power automated trading strategies through the platform.