IHS Markit’s thinkFolio has joined forces with Wave Labs to deliver insights and operating efficiencies to fixed income managers.
Wave Lab has created fixed income tools that deliver a functional window through a trader’s perspective. Its Electronic Liquidity Seeking Application (eLiSA) is a European Monetary System (EMS).
By utilising cloud-based application programming infrastructures (APIs) to route orders and complete trades, eLiSA offers pre-trade and during-trade analytics, as well as multiple order types, automated liquidity seeking and liquidity provisioning features.
With the new partnership, thinkFolio and eLiSA will bring mutual clients innovative and streamlined workflows by leveraging cloud-based APIs and one another’s functional strengths across the investment lifecycle.
Through the extension of thinkFolio’s suite of interoperable alliances, IHS Markit explains that clients have access to options such as portfolio construction and pre-trade risk analytics to execution and post-trade performance attribution.
Miles Kumaresan, CEO and founder of Wave Labs, comments: “Wave Labs’ success lies in the unconventional way in which we went about gaining an edge in fixed income trading. It started with defining a workflow that is both liquidity discovery-centric and uniquely fixed income in focus. With this at its foundation, Wave Labs set out to create a range of tools that supported the different pieces of the trading puzzle.”
Brett Schechterman, global head of thinkFolio at IHS Markit, says: “The plug-and-play integration of thinkFolio with eLiSA offers our end-users a smooth workflow between two complementary technologies that are specialists in their respective fields. While eLiSA is primarily a trading technology, it also seeks to address portfolio managers’ requirements from a liquidity and price discovery angle.”
Schechterman continues: “These intraday market insights go hand-in-hand with thinkFolio’s bottom-up analytics, exposure monitoring flexibility and sophisticated portfolio modelling capabilities.”
“When married, as has been our objective with similar alliances focused on other asset classes, these technologies provide a cohesive workflow that enhances front-office productivity and perpetually enriches communication between portfolio managers and the trading desk,” he adds.
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