KCG Holdings, Inc. Class A (NYSE:KCG) today announced that KCG BondPoint, a centralized and automated fixed income trading venue, is expanding its access to Institutional Buy Side clients through integration with Charles River Development’s Investment Management Solution (“Charles River IMS”).
Bill Vulpis, Head of KCG BondPoint, offered, “Institutional clients are seeking new and innovative trading solutions to help them source fixed income liquidity without adding complicated new work flows. By partnering with Charles River, BondPoint is helping create smart solutions to help asset managers find the liquidity they need in a streamlined, seamless fashion.”
KCG BondPoint — a registered ATS — features advanced technology with end-to-end workflow automation, access to a deep and diverse pool of liquidity across multiple fixed income asset classes, and low transaction costs which provide clients with efficient bond market access, transparent price discovery, and superior trade execution. KCG BondPoint links more than 400 financial services firms to approximately 200,000 live and executable bids and offers every day.
“Integrating BondPoint’s electronic marketplace in the Charles River IMS supports the growing trend among buy-side firms for trading smaller lots of US fixed income instruments,” said Karl Kutschke, Senior Director-Product Management, Charles River. “Having direct access to BondPoint’s fixed income liquidity providers from the Charles River trading blotter will help clients improve their investment performance and trade execution.”
Charles River IMS is an end-to-end solution that automates front- and middle-office investment management functions across asset classes on a single platform.
Greg Tusar, Head of KCG Client Execution Services, commented, “As the Fixed Income marketplace continues to migrate to the screen, KCG is focused on developing solutions that will connect our fixed income clients with liquidity in a centralized, efficient, and automated way. BondPoint’s transparency, independence, and diverse order flow is likely to continue to appeal to a wide swath of fixed income investors, in particular institutional investors.”
For the official announcement from KCG, click here.