Visible Markets and CMS BondEdge have entered an agreement to provide a direct connection between portfolio analysis and online trading.
Under the agreement, Visible Markets, the browser-based auction marketplace for mortgage-backed securities, asset-backed securities and investment-grade corporates, and CMS BondEdge, creator of a system for fixed income portfolio analytics, will develop connections between their respective platforms, BondEdge and the Visible Marketplace.
BondEdge clients will be able to access Visible Markets' current market information through the BondEdge private client site. They will also be able to transmit orders, indications of interest, and portfolio information to the Visible Marketplace.
Laurie Adami, president of CMS BondEdge, says: "Our alliance with Visible Markets represents an important step in our effort to provide BondEdge clients with convenient access to online fixed income trading and the ability to perform portfolio analyses using executable bonds."
When BondEdge clients conduct "what-if" analyses on a portfolio, the resulting buy or sell recommendations can be routed seamlessly to the Visible Marketplace as indications of interest or firm orders. By synchronising their portfolios with Visible Markets, BondEdge users can receive anonymous notification of interest in their bonds through the Visible Markets instant messaging system and participate in a dialogue that leads to a trade.
Bill Martin, vice president of marketing at Visible Markets, comments: "The partnership between CMS BondEdge and Visible Markets unites over 550 buy-side and sell-side institutions in an online community to anonymously exchange indications of interest and execute trades."