Ediphy Markets has introduced its new execution offering, Ediphy Credit, to help institutional asset managers access the best liquidity in corporate bonds.
The new offering combines data analytics with venue connectivity and order routing capability to improve traders’ ability to access credit markets.
According to Ediphy, the new offering will allow clients to free up resources on the trading desk and in the back-office by removing the need for repetitive manual tasks in the price discovery process.
Users of Ediphy Credit will also be able to reduce the burden on technology and onboarding resources by leveraging Ediphy’s connectivity and trading relationships.
Ediphy stated that a browser-based interface will provide full transparency on how orders are being worked at every step of the process once it has been submitted.
The new offering will also allow users to utilise data more efficiently, with Ediphy claiming to bring pre-trade, point-of-trade and post-trade analysis together more effectively.
In addition, Ediphy Credit is delivered together with existing Ediphy core execution services provided for government bonds and cleared interest rate swaps – providing one platform for users to manage their fixed income portfolios.
“Credit markets are notoriously difficult to trade, particularly in current market conditions, and this new service helps our clients find the right liquidity wherever it is,” said Chris Murphy, co-founder and CEO of Ediphy.
“With this service, clients have a one stop shop to work their orders, taking advantage of contextualised data to understand what can be traded and when.”