Trading ecosystem provider LedgerEdge has integrated with thinkFolio, the multi-asset class investment management platform from S&P Global Market Intelligence. The integration of the two systems could increase access to corporate bond liquidity by enabling thinkFolio customers to access LedgerEdge’s distributed ledger technology (DLT)-based platform.
thinkFolio provides portfolio modelling, order management and trading, cash and FX management capabilities. LedgerEdge uses DLT to provide institutional-grade trading services for the US$41 trillion global corporate bond market. Its ecosystem uses smart contracts to allow traders to keep full control and ownership of their data, which they can choose to reveal only under specific conditions. This level of control helps ensure safe interaction and improves liquidity by increasing the amount of pre-trade data available and helps reduce market impact as bid and inventory data is only published to traders with compatible bids, for a more efficient market and better execution.
The collaboration is intended to allow traders to access LedgerEdge’s trading ecosystem from the thinkFolio platform. They should be able to view inventory, receive indications of interest and quotes in real-time, and place orders in the corporate bond market.
"We are thrilled to be collaborating with thinkFolio to deliver a next generation, decentralized trading workflow in an integrated solution,” said David Nicol, CEO and co-founder of LedgerEdge “Smart orders built on distributed ledger technology are a powerful tool to modernize the market, deploying smarter orders and achieving better execution with less data leakage. We are excited to be working with S&P Global Market Intelligence to bring this capability to our customers.”
Brett Schechterman, global head of thinkFolio, S&P Global Market Intelligence added, “Given the ongoing challenges traders face within a fragmented market structure, the LedgerEdge ecosystem provides thinkFolio clients with an ability to control their proprietary data, access a unique lens to see the market more clearly and allows them to unlock additional liquidity across the corporate bond market. This is another important step in the expansion of our connectivity network and complementary solution ecosystem.”
©Markets Media Europe, 2022
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