The toolkit helps promote best execution by automatically alerting a firm if its customers' trades are not in-line with relevant market information, including TRACE and MSRB data.

The first of its kind, the MarketView TMS transparency toolkit includes:

• MarketView, a price discovery tool, allows fixed income professionals to evaluate bond prices as fair and reasonable within the context of prevailing market conditions. Prevailing market conditions are determined using a broad range of data including TRACE, MSRB, benchmark scales, and current live pricing for comparable bond offerings on the BondDesk platform.
  
  
• Trade Monitor System, an exception reporting system, compares a firm's executions against reported trades of the day, surfacing any customer trades that fall out of line with the firm's pre-set tolerance levels. Trade Monitor System also records a firm's trader documentation and supervisory notes on every trade, allowing the firm to easily monitor problem trades.
  
  
• Electronic Archive, an online storage and retrieval tool, records a snapshot of pertinent MarketView data at the time of execution, along with the firm's trader and supervisor notes, archiving the information for up to seven years.

MarketView TMS responds to the escalating regulatory landscape in fixed income markets. With the increasing focus on market transparency and best execution, BondDesk worked closely with its clients to develop MarketView TMS.

"Creating MarketView TMS was an iterative process," stated Rob Slaymaker, Chief Executive Officer of BondDesk Group. "Price discovery and market transparency have always been challenging in fixed income markets because of the vast number of issues and security types, and the fact that there is no centralized market. By listening to our clients' most pressing regulatory concerns, we were able to create a product that helps to both protect and empower them in this current environment, ultimately benefiting their customers by helping to get better prices and broader bond selection."

The launch follows a highly successful two-month beta test. MarketView TMS is currently available to all BondDesk clients.