KCG Holdings, Inc. (NYSE: KCG), a market making and Execution specialist, has had its BondPoint platform integrated into Bloomberg’s workflow, extending the electronic fixed income trading venue into a new pool of clients, according to a KCG statement.
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The new integration will help cater to Bloomberg’s TSOX clients, as well as market participants utilizing the group for post-trade automation. More specifically, clients will be able to source and arbitrate BondPoint's pool of credit and municipal bond Liquidity from their Bloomberg terminals.
The new fixed income capabilities afforded by BondPoint follows on the heels of a rapid period of growth for KCG’s platform – the past two quarters have seen the average daily value (ADV) of fixed income on BondPoint exceed $200 million. This has also been reinforced by steadfast growth in a number of instruments, including corporations and municipals, among others.
According to Greg Tusar, Head of Execution Services and Platforms at KCG, in a recent statement on the integration: "Our goal is to provide seamless access to the new opportunities in the electronic fixed income market to a broader audience. In allying with Bloomberg, we are taking an important step toward providing our Institutional clients with immediate access to more liquidity via cutting-edge workflow solutions."
“As one of the most widely-utilized fixed income staging utilities, TSOX provides end-users with pre-trade transparency and post-trade integration. Adding BondPoint to the TSOX portal enables clients to access a new, incremental pool of diverse and immediately executable securities as part of their existing workflow,” added F.A. Romano, Head of KCG BondPoint Institutional, in an accompanying statement.
