10.21.2016

KCG Bondpoint Expands Institutional Reach with Bloomberg Connection

10.21.2016

KCG – JERSEY CITY, N.J. – KCG Holdings, Inc. (NYSE: KCG) today announced that KCG BondPoint (“BondPoint”), the Company’s electronic fixed income trading venue, is expanding its integration with buy-side OMS providers through a new integrated workflow with Bloomberg. Beginning today, Bloomberg TSOX clients, and those who use Bloomberg AIM for post-trade automation, will be able to source and manage BondPoint’s deep pool of Credit and Municipal bond liquidity directly from their Bloomberg terminals.

The integration of Bloomberg TSOX with BondPoint follows two consecutive quarters during which average daily fixed income par value traded on BondPoint exceeded $200 million. This 51% year-over-year growth is attributable to market share gains in corporates and municipals, significant odd-lot bond trading activity, and a continuing trend favoring electronic fixed income trading by both sell-side and buy-side firms.

“Our goal is to provide seamless access to the new opportunities in the electronic fixed income market to a broader audience,” said Greg Tusar, Head of Execution Services and Platforms at KCG. “In allying with Bloomberg, we are taking an important step toward providing our Institutional clients with immediate access to more liquidity via cutting-edge workflow solutions.”

F.A. Romano, Head of KCG BondPoint Institutional, added: “As one of the most widely-utilized fixed income staging utilities, TSOX provides end-users with pre-trade transparency and post-trade integration. Adding BondPoint to the TSOX portal enables clients to access a new, incremental pool of diverse and immediately executable securities as part of their existing workflow.”

“We are seeing a significant cultural shift in the fixed income market, with diversifying liquidity sources and the rise in electronic trading of corporate bonds spurring great interest in new solutions,” said Kevin McPartland, Principal in Market Structure and Technology at Greenwich Associates. “Investors now more than ever need trading technology that provides integrated access to unique sources of quality liquidity.”

The integration of KCG BondPoint into TSOX will roll out for live client trading over the course of the next several months. For a complete list of connectivity options for KCG BondPoint, please visit: https://www.kcg.com/venues/bondpoint

 KCG BondPoint, a registered ATS, features advanced technology with end-to-end workflow automation, access to a deep and diverse pool of liquidity across multiple fixed income asset classes, and low transaction costs. The venue’s objective is to provide clients with efficient bond market access, transparent price discovery, and superior trade execution. KCG BondPoint links more than 400 financial services firms to approximately 200,000 live and executable bids and offers every day.

 

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