TORA announces integration of BondCliQ’s U.S. corporate bond consolidated quote and trade data
San Francisco/London, March 25, 2021 – TORA, the provider of industry leading trading technology, has today announced that it has integrated its order & execution management system (OEMS) with BondCliQ’s U.S. corporate bond consolidated quote and trade data. The integration will greatly improve the contextual pricing data available to TORA customers evaluating corporate bond trading opportunities via the TORA OEMS.
Traders using the TORA OEMS can now access real time, centralized corporate bond quote data sourced from the 50,000+ quotes which BondCliQ receives on a daily basis from 40+ dealers. This quote data, in combination with real time pricing data, allows traders to better analyse the market and evaluate the quality of counterparty liquidity provision. With BondCliQ’s data now seamlessly integrated into their workflow, TORA’s customers can now incorporate this additional market color into their decision making process before sourcing trades instantly and efficiently within the TORA OEMS.
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.
Ovidiu Campean, Global Head of Product at TORA, commented “We are excited to integrate the BondCliQ data into our market leading OEMS. The new data will provide our clients with enhanced bond market transparency and ultimately greater visibility to make more informed decisions and improve the overall execution process”.
Chris White, BondCliQ’s CEO, stated “We are delighted to have BondCliQ’s data available within the TORA OEMS, making this valuable market information now available on a global scale”.
TORA’s OEMS offers the most comprehensive front-to-back end trading solution for hedge funds and asset managers. The functionality is fully auditable, MIFID II compliant and automatically details in depth order records, price information and creates best execution reports. TORA’s multi asset platform also delivers advanced pre trade and post trade TCA to improve execution quality and ensure best execution.
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.
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About TORA
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 BondCliQ
BondCliQ is the only company to have successfully centralized quote data in the U.S. corporate bond market. By partnering with the dealers from which it sources its data, BondCliQ’s fully licensed product allows for improved trading and counterparty selection, as well as providing a critical reference point for middle and back office applications including risk, best execution, TCA, and portfolio valuation. BondCliQ’s pre-trade data and enriched post-trade data are available directly through BondCliQ’s multiple applications, real time feeds, periodic files, and reports, as well as through a broad range of vendor partners. More information is available at www.bondcliq.com
