As a US trading intermediary on Bondcube, ITG will facilitate the settlement of trades between buy-sides. The partnership will increase the probability of a match for clients of both firms by allowing ITG clients access to the additional Bondcube liquidity and participants and vice-versa.

Frank DiMarco, Head of Fixed Income Electronic Trading at ITG, said, “We are delighted to connect to Bondcube as a US intermediary. It means our clients can now access an additional pool of liquidity to improve their fixed income execution efficiency.”

Bondcube is focussed on discovering liquidity for large and illiquid bond trades. Bondcube believes there is significant buy-side liquidity that can only be discovered using smart technology. The innovative platform has a fast growing number of global clients using the platform daily.

Paul Reynolds, Bondcube CEO said, “With a complimentary client base, we see this partnership as an exciting phase of our growth in building out the new global pool of buy-side Fixed Income liquidity. We will be making further announcements about high quality partners such as ITG”.

Bondcube takes indications of interest (IOIs) from participants and matches them with other buyers and sellers. These IOIs remain active or historic until a match is found. Only the participants that have the offsetting interest in that security are notified and eligible to begin a negotiation for a trade.

Bondcube Limited is a crossing network regulated by the FCA. Bondcube Inc. is a broker/dealer and an Automated Trading System (ATS) in the US.