Trading Technologies selected ICE Data Services to provide pricing and reference data for its upcoming buy-side fixed income execution management system. The new EMS is scheduled to launch later this year and will initially focus on U.S. dollar-denominated rates and credit products. The partnership gives TT access to ICE's evaluated pricing services, reference data, and Continuously Evaluated Price feed across more than three million fixed income instruments globally. The move reflects growing competition among technology providers seeking to bring fixed income trading onto unified multi-asset platforms alongside derivatives and foreign exchange systems.
ICE Data Services Provides Pricing Across Three Million Fixed Income Instruments
The agreement gives Trading Technologies access to ICE's End of Day Evaluated Prices and its Continuously Evaluated Price feed. ICE Data Services provides evaluated pricing and reference data across more than three million fixed income instruments globally. The CEP feed is designed to provide near real-time pricing indications for fixed income instruments that may not trade frequently enough to generate continuous market prices.
Mark Heckert, Chief Operating Officer of Data Services at ICE, said: "We are pleased to work with TT to integrate our global, multi-asset class, fixed income reference data, End of Day Evaluated Prices, and CEP into their new buy-side Fixed Income EMS. Our fixed income evaluations and reference data on over 3 million instruments are used throughout the trade lifecycle and may become a valuable resource for users of the new platform."
Trading Technologies Integrates Fixed Income Into Existing Multi-Asset Platform
The new buy-side fixed income EMS will be integrated directly into the TT platform, allowing traders to manage fixed income, futures, options, and FX from a single environment. The integration allows clients to use the same trading tools, workflows, and post-trade services already available across other asset classes on the TT platform.
Chris Heffernan, Executive Vice President and Managing Director of Fixed Income at Trading Technologies, said: "The launch of our new buy-side fixed income EMS, powered by premier ICE data, marks a major milestone for the TT platform. By unifying fixed income, futures and FX on a single screen, we are giving clients direct access to the industry's most sophisticated, award-winning execution tools, and unlocking unprecedented cross-asset trading possibilities."
The platform is specifically targeted at buy-side participants, including asset managers, hedge funds, pension funds, insurance firms, and other institutional investors.
Platform Scheduled For Showcase At Fixed Income Leaders Summit In Boston
Trading Technologies plans to showcase the new fixed income EMS during the Fixed Income Leaders Summit in Boston. The event attracts participants from hundreds of firms across the buy side, sell side, exchanges, technology vendors, and market infrastructure providers. The summit provides an opportunity for TT to demonstrate the platform before its commercial launch later this year.
FAQ
What data services will ICE provide to Trading Technologies for the new fixed income EMS?
ICE Data Services will provide evaluated pricing services, reference data, End of Day Evaluated Prices, and the Continuously Evaluated Price feed across more than three million fixed income instruments globally.
When is Trading Technologies scheduled to launch its new fixed income execution management system?
The new buy-side fixed income EMS is scheduled to launch later this year, with an initial focus on U.S. dollar-denominated rates and credit products. The platform will be showcased at the Fixed Income Leaders Summit in Boston before its commercial launch.
Which asset classes will be integrated into the Trading Technologies fixed income platform?
The new fixed income EMS will be integrated directly into the TT platform alongside futures, options, and foreign exchange, allowing traders to manage multiple asset classes from a single environment using the same trading tools and workflows.
