Euroclear invests in Algomi
25 July 2018 Brussels
Image: Shutterstock
Euroclear Information Solutions (EIS) has invested in Algomi to improve liquidity in the global fixed income market.
The investment will enable EIS to derive benefits from Algomi鈥檚 bond liquidity matching system by making select bond holdings information available anonymously.
Additionally, through the data aggregation tool, Algomi ALFA counterparties can access Euronext Synapse Multilateral Trading Facility.
Counterparties will be able to query those bond holdings, allowing them to trade in the securities.
According to EuroClear, EIS will increase trading opportunities and transaction volumes in the illiquid pool of fixed income securities, including corporate and government bonds.
Euroclear has joined earlier investors including stock market exchange Euronext, asset manager AllianceBernstein and index provider S&P Global.
Peter Golder, CEO of EIS, commented: 鈥淥ur investment in Algomi is driven by client demand to access untapped liquidity pools.鈥�
鈥淎s a neutral infrastructure with a track record of providing high quality, robust post-trade services to the world鈥檚 leading financial institutions, we are well positioned to provide innovative ways to service clients, leveraging the wealth of data we already maintain.鈥�
鈥淭his venture represents an opportunity to transform our data into an asset to increase transparency and provide a substantial boost for global fixed income markets.鈥�
Scott Eaton, CEO of Algomi, said: "In Euroclear, we have a partner who understands the value of information and the importance of improving liquidity in the fixed income market.鈥�
鈥淭his is further recognition by a major market player of our strategy and technology. Combined with earlier deals, this gives us a global platform to unlock previously untapped resources in bond market liquidity.鈥�
He added: 鈥淲e look forward to welcoming Euroclear to the Algomi board and to working closely with them as we further develop our market aggregation and data surveillance offering to our clients."
The investment will enable EIS to derive benefits from Algomi鈥檚 bond liquidity matching system by making select bond holdings information available anonymously.
Additionally, through the data aggregation tool, Algomi ALFA counterparties can access Euronext Synapse Multilateral Trading Facility.
Counterparties will be able to query those bond holdings, allowing them to trade in the securities.
According to EuroClear, EIS will increase trading opportunities and transaction volumes in the illiquid pool of fixed income securities, including corporate and government bonds.
Euroclear has joined earlier investors including stock market exchange Euronext, asset manager AllianceBernstein and index provider S&P Global.
Peter Golder, CEO of EIS, commented: 鈥淥ur investment in Algomi is driven by client demand to access untapped liquidity pools.鈥�
鈥淎s a neutral infrastructure with a track record of providing high quality, robust post-trade services to the world鈥檚 leading financial institutions, we are well positioned to provide innovative ways to service clients, leveraging the wealth of data we already maintain.鈥�
鈥淭his venture represents an opportunity to transform our data into an asset to increase transparency and provide a substantial boost for global fixed income markets.鈥�
Scott Eaton, CEO of Algomi, said: "In Euroclear, we have a partner who understands the value of information and the importance of improving liquidity in the fixed income market.鈥�
鈥淭his is further recognition by a major market player of our strategy and technology. Combined with earlier deals, this gives us a global platform to unlock previously untapped resources in bond market liquidity.鈥�
He added: 鈥淲e look forward to welcoming Euroclear to the Algomi board and to working closely with them as we further develop our market aggregation and data surveillance offering to our clients."
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