Broadridge Financial Solutions, a provider of technology-based outsourcing solutions to the financial services industry, launched Aspire Trader for the fixed- income markets on Monday.
With a market share of 13.8% of institutional trading volume, Deutsche Bank took home the title of Asia's largest fixed-income dealer at the 2007 Greenwich Associates Fixed Income Excellence Awards ceremony on Tuesday.
GL Trade, a provider of front-to-back-office software solutions, announced Monday it had acquired American company Decision Software, a firm which provides North American financial institutions with fixed income trading platforms and connectivity to liquidity providers.
On Monday, Instinet, an agency-only broker and wholly-owned subsidiary of Nomura Holdings, launched T*Share, a new program which allows institutional clients to trade with multiple brokers while consolidating their commission credits on Instinet’s new Plazma commission management platform.
Thomson Financial has formed a partnership with nine broker-dealers to attract liquidity and expand the range of assets traded on TradeWeb, its fixed income and derivatives trading platform.
A new study from Greenwich Associates revealed last Thursday that the liquidity crunch in global credit markets sparked by the collapse of the U.S. sub-prime mortgage sector severely disrupted the trading and usage of many fixed income products. Institutional investors fear that fallout will continue to spread.
Equity research provider Evolution Securities (Evolution) is to adopt software vendor GL TRADE's middle- and back-office solution, GL RIMS ASP, the firms announced on Wednesday.