Algomi ALFA live with Alliance Bernstein

07 November 2017 in COMPANY NEWS by Tim Binnington

Algomi today announced that Algomi ALFA, the firm’s new pre-trade fixed income data aggregation and market surveillance solution for the asset management community, is now operational with AllianceBernstein (AB)as its first client.

Algomi acquired ALFA in May and in only five months the company has transformed the user interface and rebuilt the product in HTML 5 using the OpenFin protocol.

Algomi ALFA brings together liquidity data from all major electronic venues including Algomi’s own Honeycomb information network, messaging platforms and dealer inventory feeds into a single consolidated landscape. This is then filtered using dynamic watch lists, which proactively alert the user to particular market events. It delivers full data transparency for Traders, PMs, Quants, COO & Compliance across voice and electronic markets.

The structured and time-stamped data within the platform is used to support MiFID, TCA and Best Execution as well as quantitative analysis for portfolio management.

It provides agnostic access to price information on electronic venues, while reducing market risk and trading costs across multiple instruments including: investment grade and high-yield corporate bonds government, agency and covered bonds, convertibles, emerging market bonds, structured and securitized credit and municipal bonds.

“While it started life as a bond price aggregator, the vision was always for it to evolve into a full fixed income intelligence and surveillance tool, Algomi ALFA has certainly delivered on this”, commented James Switzer, Head of Credit Trading at AB. “We are excited that it is being transformed to the next level with Algomi’s capabilities, and look forward to seeing the solution becoming widely adopted throughout the industry.”

Rich Colucci, Head of Americas and Head of Buy Side Divison at Algomi, comments: “We are delighted to launch Algomi ALFA with a completely redesigned front-end and enriched data offering. With the product’s original architects Alliance Bernstein now live as our first user, we look forward to bringing the innovative tool to the broader asset management community.”