Broadridge Launches Solution for Fixed Income Trading
Broadridge Financial Solutions has launched Aspire Trader for fixed income traders. The solution is a fixed income product distribution system that is designed to give trading desks the ability to offer products to multiple external and internal sales channels through one automated inventory management system. Designed to help traders expand their fixed income marketplace, Aspire Trader also eliminates burdensome manual processes and assists firms in meeting their compliance requirements. It interfaces with Bloomberg, BondDesk, TheMuniCenter and ValuBond to provide firms with a front- to back-end solution for automated fixed income trading. Traders control which market centres list their offerings as well as the terms that are displayed. When traders change prices or quantities, enable or disable an offering, their entire distribution channel reflects the new information instantly. For municipal bond underwriters, the solution interfaces with the i-Deal municipal book-running system to provide security setup and initial buy-ins for syndicate managers and participants. Once in Aspire Trader, all syndicate trades are processed and reported automatically representing the role of the firm.