KCG Extends its Fixed Income Platform, BondPoint into Bloomberg’s Workflow

KCG Holdings, Inc. (NYSE: KCG), a market making and 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 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 Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term 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.