Brussels/London, 18 July 2018 - Euroclear’s data and information business, Euroclear Information Solutions (EIS), is investing in the fintech company Algomi to improve liquidity in the global fixed income market.
Algomi develops and markets software for the fixed-income market which connects potential counterparties by identifying likely interest with available inventory. The company focuses on banks, institutional investors, inter-dealer brokers and exchanges.
The investment will enable EIS to derive benefit from Algomi’s bond liquidity matching system by making select bond holdings information available anonymously. Through the data aggregation tool, Algomi ALFA, counterparties can access the Euronext Synapse Multilateral Trading Facility and will be able to query those bond holdings, allowing them to trade in the securities.
By making this investment, EIS will increase trading opportunities and consequently transaction volumes in the illiquid pool of fixed income securities, including corporate and government bonds, not only for Euroclear clients, but across the fixed income market.
Euroclear joins earlier investors including stock exchange Euronext, asset manager AllianceBernstein and index provider S&P Global.