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LedgerEdge, a next-generation ecosystem for trading, has announced its integration with multi-asset class investment management platform from S&P Global Market Intelligence, thinkFolio.
The integration aims to increase access to corporate bond liquidity through enabling thinkFolio customers to access LedgerEdge’s distributed ledger technology-based (DLT) platform.
LedgerEdge leverages DLT to modernise institutional-grade trading services for the US$41 trillion global corporate bond market, according to the firm.
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”.
The objective is to provide safe interaction and improved liquidity through increasing the amount of pre-trade data available. In addition, the firm says it will help to reduce market impact “as bid and inventory data is only published to traders with compatible bids”, for a more efficient market and better execution.
Through this collaboration, traders can access LedgerEdge’s trading ecosystem from
the thinkFolio platform. They will be able to view inventory, receive indications of interest
and quotes in real-time, and place orders in the corporate bond market.
Speaking on the integration of the two firms, David Nicol, CEO and co-founder of LedgerEdge, comments: "We are thrilled to be collaborating with thinkFolio to deliver a next generation, decentralised trading workflow in an integrated solution.
“Smart orders built on distributed ledger technology are a powerful tool to modernise the market, deploying smarter orders and achieving better execution with less data leakage.”
Brett Schechterman, global head of thinkFolio, S&P Global Market Intelligence, adds: “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.”
