LONDON, 08 December 2020, TORA, innovative trading technology provider, has today announced that it has further strengthened its fixed income offering by integrating their leading OEMS with Neptune Networks Ltd. The new connection enables clients to view pre-trade analytics from the TORA OEMS to help improve bond execution quality.
Neptune delivers high-quality pre-trade bond market data with real-time connectivity between banks and investors. The platform has 28 global dealers in the network providing the buy-side access to 65,000 axes and inventory positions daily and over $300bn in notional liquidity. Asset class coverage includes Credit, Rates and Emerging Markets. Neptune is uniquely governed by a collaboration of the largest global banks and investors wanting to deliver reliable, relevant, insight-enabled relationships between Buy-Side Investors and Sell-Side Banks.
The new functionality enables clients to see and analyze all axe and inventory data, from the Neptune network, for each bond and for each broker counterparty from within the TORA OEMS. This information is available at point of trade, and can help investors to improve their success rates when trading with brokers. The insights provided by the Neptune pre-trade data are critical in helping portfolio managers and traders understand the liquidity around particular issues and so help facilitate increased trading efficiency.
Chris Jenkins, Managing Director at TORA commented, “The new integration is key for traders looking to improve the execution process for global bonds. TORA’s OEMS allows the user to not only see live pre-trade data in the blotter, but to also see historical data from the Neptune broker network.”
Jenkins continued “Understanding where liquidity lay historically is often a leading indicator of future sources of liquidity. The TORA OEMS allows clients to take additional steps to build trading rules and indicators based on this dataset. It ultimately, saves the trader time and protects alpha.”
Byron Cooper-Fogarty, Interim CEO of Neptune said, “We are excited to partner with TORA. The fixed income market has become ever more data-driven in recent years and buy-side clients are continually looking for efficient ways to stream data to help improve trade outcomes. TORA’s OEMS clients are now well-positioned to consume this valuable data.”
TORA’s OEMS provides fixed income traders with sophisticated tools to help streamline their operations and improve trade execution. The platform offers broad access to bond liquidity, and dedicated fixed income OEMS trading tools such as ‘comparable bond’ searches, axe and inventory analysis tools, historical analysis of trade execution and rules to create auto-routing based on bespoke information.
Built as one of the industry’s first cloud-based integrated Order and Execution Management systems over 13 years ago, TORA’s OEMS offers a wealth of functionality covering execution, allocations, risk control, real time positions-keeping and P&L monitoring. TORA OEMS is a single trading system covering global markets in equities, bonds, futures, options and FX.
TORA is the leading global provider of advanced investment management technologies supporting the full trading lifecycle. With a full suite of cloud-based SaaS-delivered execution, analytics and compliance tools, as well as order, portfolio and risk management capabilities and a global FIX network, TORA’s products are utilized by hundreds of the industry’s leading hedge funds, asset managers, proprietary trading firms and sell-side trading desks globally. With headquarters in San Francisco, TORA has over 250 employees across offices in Hong Kong, Jersey, New York, Romania, Singapore, Sydney and Tokyo. More information is available at www.tora.com
About Neptune Networks, Ltd.
Neptune supplies the highest quality bond pre-trade data (axes and inventory) from the sell-side to the buy-side via FIX. There are currently 28 banks on the platform. Neptune supplies data that is standardised, real-time and direct from sell-side risk systems, rather than periodic runs or manual spreadsheets with their high probability of errors and poor timeliness. The data can be delivered directly to client OMS &/or EMS, with no workflow disruption or via a single API, reducing costs of integration and maintenance for direct connectivity.
Neptune is uniquely governed by a collaboration of banks and buyside, working groups give you an opportunity to drive technological change alongside your peers. Our vision is to become the destination for all bond market stakeholders, enhancing reliable, relevant, insight-enabled relationships between buy-side and sell-side. www.neptuneFI.com