SEI Investments is to use technology from Bonds Direct Securities to provide its clients with automated trading.
Philadelphia-based SEI says users of its Trust 3000 trading platform will be able to electronically evaluate and select bonds from the Bonds Direct fixed income inventory, execute the transaction and then have it posted on the platform.
The company adds that the new system will process fixed-income transactions from bond portfolio managers through to traders and the marketplace without the need for paper or any re-entry of data.
The fixed income solution will be operational early next year, adds SEI.