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.
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.
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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.