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InfoReach adds fixed income e-trading through Nasdaq OMX eSpeed connectivity

18 December 2013  |  711 views  |  0 Source: InfoReach

Global electronic trading technology provider InfoReach announces its new fixed-income trading functionality with direct access to one of the largest and most liquid fixed-income cash markets in the world: U.S. Treasuries.

Together with the NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), InfoReach is launching its connection to the NASDAQ OMX eSpeed platform, which operates a fully executable central limit order book for electronic trading in benchmark U.S. Treasuries. The connectivity enables mutual clients to execute eSpeed trades through the InfoReach TMS and Prelude trading platforms. Market participants benefit from ready access to liquidity without having to allocate additional resources to infrastructure and networking efforts.

"The addition of eSpeed to InfoReach's global connectivity network allows us to better serve the trading community in the over-the-counter market and expand our distribution to new participants, which is a key piece of our effort to diversify the opportunities offered to our customers," said Joe Noviello, Senior Managing Director of NASDAQ OMX eSpeed. "As client demand for electronic fixed income trading continues to increase, this certified connectivity will make it easy to provide access to additional customers."

"I can't think of a better way to introduce our new fixed income trading functionality than with direct access to a global player like NASDAQ OMX eSpeed," said Allen Zaydlin, Chief Executive Officer of InfoReach. "Their proven expertise in the electronic execution of U.S. Treasury Securities combined with the ability to trade and hedge fixed income and other asset classes from a single InfoReach front-end will provide customers with a formidable advantage."

In general, the U.S. fixed-income market is steadily growing as the American economy recovers and the Federal Reserve considers tapering its quantitative easing efforts. According to the Securities Industry and Financial Markets Association (SIFMA), U.S. Treasury trading activity is up about 6 percent year over year for the first nine months of 2013. While electronic trading currently accounts for roughly 40 percent of daily trading volume, a sharp increase in e-trading is g is expected to benefit both marketplace operators and connected technology vendors. 

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