TORA announces integration of BondCliQs U.S. corporate bond consolidated quote and trade data

By David Lemon.
Updated Mar 25, 2021

LONDON (PRWEB) 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 BondCliQs 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 BondCliQs data now seamlessly integrated into their workflow, TORAs customers can now incorporate this additional market color into their decision making process before sourcing trades instantly and efficiently within the TORA OEMS.

TORAs 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, BondCliQs CEO, stated We are delighted to have BondCliQs data available within the TORA OEMS, making this valuable market information now available on a global scale.

TORAs 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. TORAs 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 industrys first cloud-based integrated Order and Execution Management systems over 13 years ago, TORAs 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.