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Clients of IHS Markit’s thinkFolio get access to pre-trade liquidity insights with Lucera’s LumeALFA Analytics and Neptune Axes
17 June 2021
To respond to evolving fixed income market structure themes and
associated navigation challenges, IHS Markit is focused on
continually enhancing its front-office suite of capabilities to
provide richer pre-trade insights and price discovery toolkits for
users. In a significant step forward, we have established
connectivity with Lucera and
Neptune Networks ("Neptune")
to deliver to mutual clients of our thinkFolio
investment management platform, Lucera and Neptune access to
high-quality pre-trade data and liquidity signals.
Lucera's LumeALFA Analytics is a new lighter version of its LumeALFA service, a
leading fixed income data aggregation and market surveillance tool
that provides its clients with a consolidated view of client
-selected pre-trade liquidity data from major electronic venues and
dealer inventory feeds, as well as connectivity to client-selected
execution venues, including single dealer executions. LumeALFA
Analytics is designed to provide a real-time view of the entire
bond market, including government bonds, investment-grade and
high-yield corporates, emerging markets, municipal debt and
structured credit.
Lucera's connectivity to IHS Markit's thinkFolio will enable
mutual clients of Lucera and IHS Markit to interact with and
utilize pre-trade liquidity data and message parsing provided by
IHS Markit to help them streamline trading decisions and facilitate
best execution analyses. Portfolio managers and traders using
thinkFolio can now leverage LumeALFA Analytics to target, search
for and sync specific liquidity profiles that support portfolio
construction, relative value analyses and rebalancing while also
providing dynamic watch lists that alert users to particular market
activity.
As part of its enhanced liquidity data delivery model,
thinkFolio clients can now also access Neptune's aggregated, real-time
axes and inventory directly in the context of other market data.
Neptune employs an innovative approach to standardizing large
volumes of unstructured data and aggregating liquidity across a
vast community of sell-side dealers reducing the "noise" and
enabling better informed trading decisions. Neptune now carries
$450bn+ in daily gross notional across 70,000 axes and inventory
items from well over +38,500 individual bonds. They cover 28
denominations across credit (IG/HY), emerging markets, rates and
newer additions in ABS/MBS and municipals.
"As we evolve the thinkFolio platform and deliver the
next-generation version of the application, openness and
flexibility are foundational principals to support seamless
integration with third-party and IHS Markit content and services,"
said Brett Schechterman, Global Head of thinkFolio at IHS Markit.
"Optimal desktop real-estate utility and direct access to
actionable liquidity will remain paramount for our portfolio
manager and trader personas. Our exciting collaboration with both
Lucera and Neptune delivers high-quality pre-trade data and
liquidity signals allowing our clients to drive alpha generation
and workflow efficiency."
"For the buyside community, the interoperable toolset of
thinkFolio and LumeALFA Analytics can increase the likelihood of a
successful trade and has the potential to continuously deliver
improvements to price discovery and best execution analysis," said
Paul Mutter, Head of Global Fenics Sales at BGC Partners. "We're
thrilled to expand our relationship with IHS Markit and to connect
to thinkFolio to deliver a streamlined experience for mutual
clients. The efficiency and scale achieved from thinkFolio
capabilities and LumeALFA Analytics' comprehensive and time-stamped
pre-trade information will be conducive to cost savings and greater
alpha generation."
"Neptune has seen tremendous support from dealers and buy-side
clients who have collaborated closely with us and each other, to
create an open, standard and technology-based utility," said Byron
Cooper-Fogarty, Interim CEO at Neptune Networks Ltd. "thinkFolio
clients will now have the ability to consume an aggregated feed of
the highest quality bond axes, which in turn allows them to be more
targeted in their enquiries for large size bond execution."
About thinkFolio
thinkFolio
from IHS Markit is a leading multi-asset investment management
platform delivering sophisticated capabilities across portfolio
modelling, order management and trading, compliance and cash and FX
management. The platform is delivered as a managed service,
supporting investment firms that want to reduce costs, maximize
flexibility, enhance scale and achieve time-to-market
objectives.
About Lucera®
Lucera Financial Infrastructures, LLC is a wholly owned indirect
subsidiary of BGC Partners, Inc. (NASDAQ: BGCP), a leading global
financial services firm. Lucera Financial Infrastructures, LLC and
its group of companies provide on-demand co-located
infrastructure-as-a-service (IaaS), connectivity-as-a-service
(CaaS) and software-as-a-service (SaaS). Offered on a subscription
basis, these services provide a compelling solution to businesses
looking to lower expenses and reduce operational overhead and
complexity. Lucera's SaaS offerings support high-performance
cross-asset matching, aggregation and price distribution platforms
covering FX, Rates and Credit with co-location available globally,
including in NY4, SG1, LD4, FR2 and TY3. For more information,
please visit www.lucera.com.
For information on LumeALFA Analytics, please visit www.lucera.com or contact our
sales team at jennifer.james@lucera.com.
About Neptune
Neptune Networks Ltd. ("Neptune") is a data connectivity
network, supplying the highest quality bond pre-trade data (axes
and inventory) from the sell-side to the buy-side via FIX
workflows. Neptune supplies data that is standardised, real-time
and direct from sell-side risk systems, rather than periodic,
manual spreadsheets with their high probability of errors and poor
timeliness. Neptune is a technology utility that is uniquely
governed by a collaboration of banks and investors, with the aim to
enhance the buy-side and sell-side relationship dynamic for the
benefit of the overall market.
Neptune has 29 participating Dealers contributing real-time axe
and inventory data to institutional buy-side clients in multiple
asset classes ranging from Credit (investment grade and high yield)
to Rates and Emerging Markets. This sees 70,000-line items daily,
on over 38,500+ individual bonds and over $450 billion in gross
notional. For more information, please visit www.neptuneFI.com.
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
