Unlocking liquidity – building the Honeycomb

Liquidity in the bond market is dependent on the speed at which a trade can be made on the open market while retaining its value. It is the quality that traders are constantly seeking and it is in the interests of the industry as a whole to create more of it. Investing in the liquidity of the market is a smart business move that benefits everyone.

Honeycomb is a tool for creating market-wide liquidity from investment information firm, Algomi. News that they have recently joined forces with OpenFin means that the power of their software is about to increase yet again.

Taking your skills further

Fintech Web NewsHoneycomb is a tool that enhances your skills as a trader. Being in the know and having access to the incredible Honeycomb network means that you can make the right call at the right time.

Algomi recognised that the inherent value in the bond trading market is found in its traders and their ability to make successful voice trades. They are the cause of eventual market liquidity as long as they can access the fruits of the available data. Honeycomb assists with this process, taking trading to a new level.

Creating a network

Since its inception in 2012, Algomi has enjoyed consistent growth, both as a company and, in the number of institutions that they draw their knowledge from. At present, they have access to trading data from 240 buy-side clients and 17 international banks. They also have a strong relationship with pan-European exchange, Euronext.

The latest inclusion of OpenFin in their network means they will be able to access data, with permission, from the use of thousands of financial apps installed on more than 100,000 desktops. The scope of the network Algomi can now report on is impressive.

Ensuring your privacy

With the implication of MiFID II in January, there has never been a more important time to focus on compliance and transparency. At the same time, privacy is vital to ensuring you stay ahead of the pack. Honeycomb allows you to make discreet queries and source information without letting your competitors know exactly what you are up to.

Watch this space for more Algomi News about the latest developments between Honeycomb, Algomi and OpenFin, as well as other industry news.