Millennium Advisors has partnered with fixed income software solutions provider Investortools to streamline workflows for municipal bond investment managers through digitisation.
Laurent Paulhac
To address the manually intensive workflow, Millennium will connect directly to the Investortools Dealer Network and provide real-rime pricing and trade execution capabilities.
“Millennium prides itself on providing competitive, transparent pricing. This partnership with Investortools will enable these counterparties to more easily transact and manage municipal bonds within their separately managed accounts. As a result, this collaboration is a win-win for all industry participants,” asserted Laurent Paulhac, chief executive of Millennium.
The integration is set to streamline the trading process through offering a single system for managing transactions.
Through the partnership, Millennium will be fully featured as an electronic trading package for straight-through-processing. It will enable users to lift, bid, counter and receive allocation details electronically directly within Investortools’ software.
Read more: Investortools Dealer Network integrates Tradeweb Ai-Price for municipal bonds
James Morris, senior vice president at Investortools, said: “Millennium’s competitive and unique offerings align very well with the demands of the market, particularly in the SMA space. With a direct connection to a client’s book, market participants can scale their operations by integrating incoming market data directly into their automation routines.”