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INTRODUCING ALGOMI
We create the bond information network that enables all market
participants to securely and intelligently harness data to make valuable
financial trading connections.
In the ever-changing landscape of capital,
leverage and liquidity requirements, Algomi’s
revolutionary technology empowers fixed
income professionals to fulfil their precise
needs, for both sides of the market. By
maximising the relationships between
salespeople, traders and investors, the Algomi
Honeycomb suite of scalable software greatly
increases the opportunities and velocity in
large and illiquid voice trades between:
Backed by investment from Lakestar and an
exceptional panel of Strategic Advisors, the
Algomi team has grown to over 140 employees
with offices in London, New York and
Hong Kong.
One of the 50 hottest
FinTechs in Europe
FinTech50, April 2016 and 2015
•Banks
• Institutional investors
• Inter-dealer brokers
•Exchanges
One of Europe’s 50
High Growth Companies
Tech Tour, March 2016
Algomi is innovating the way the buy-side and
sell-side trade fixed income securities, while
preserving the overwhelming importance
and dominant value of voice trading by
empowering sales and trading operations.
With tenacity and integrity, Algomi unlocks
the full potential of the fixed income market
through pioneering and pragmatic technology.
Best New Product
Markets Media, February 2016
Our growth stems from changing market
conditions in the fixed income market, driven
by regulation stipulating that banks can not
warehouse fixed income risk on their balance
sheets. No other firm is offering a comparable
product or service, or a platform with the
potential to revitalize and transform the
bond market.
Algomi was founded in 2012 by Stu Taylor
(Former Global Head of Matched Principal
Trading and creator of PIN-FI at UBS), Usman
Khan and Robert Howes (Founders of CAPXD),
and Michael Schmidt (Former Head of
European Credit Trading and IB Board Member
at UBS).
Trading Technology
Product of the Year
Risk Awards, January 2016
and 2015
One of the most innovative
FinTech companies
Forbes, December 2015
Product of the year
Waters, November 2015
Most Innovative Trading
Platform/Service across
Equities, FX and Fixed Income
Financial News, October 2015 and 2014
FinTech Innovation of the Year
Global Awards for Excellence
Euromoney, July 2015
Recognised as “Innovators”
Future of Financial Services
WEF, July 2015
HONEYCOMB
For portfolio managers, execution dealers and compliance teams, Algomi
Honeycomb turns complex data systems into actionable knowledge, helping
investors trade with increased speed and success. Honeycomb sets a new
standard in the way dealers market to the buy side, recognizing that their
value is now derived from their distribution network not their balance sheet.
At present, buy side firms utilize their OMS to manage inquiries and
then either manually execute them on electronic venues or, for larger or
more illiquid trades, discuss with their banks on the telephone. Algomi
establishes firewall-friendly secure lines that connect the OMS with the
Honeycomb software.
Honeycomb is a Java based application hosted by Algomi aimed at
applying business rules dynamically to filter, transform, aggregate
and route content from multiple sources, primarily sell-side firms, in a
contextual fashion to buy side traders.
Client loads portfolio of requests
Honeycomb promotes a reactive, modular and distributed architecture.
The system is built on asynchronous messaging between components
that enables loose coupling, isolation and location transparency. It
also leverages a distributed in-memory data cache for caching and
performance improvement.
Honeycomb introduces a new dimension of data, namely insight into bank
distribution capability. It is targeted not broadcast and timed to perfection.
Installed within each bank, inside compliant trading processing systems,
this verified data can be trusted as accurate.
Honeycomb displays the investor’s portfolio and planned transactions in a
visually engaging, informative and intuitive form, by allowing the investor
to view information shared with them from multiple sell side firms, without
revealing their intentions until they are ready to open a communication
channel. The reduction in information leakage gives confidence in making
just one call on a sensitive trade. This reduces market noise associated
with multi-dealer enquiries. Once the investor has revealed their cares to
the chosen bank, the sales contact is notified internally as to exactly which
other salespeople have clients who are most likely to be the other side of
the trade, again reducing the number of potential leakage points within
a counterparty.
Dealer views all bond matches
Honeycomb amalgamates information from a range of sources: runs, axes,
flow and enquiry color and the data is provided and updated real-time.
Execution dealers are able to run a silent search across their counterparties’
franchises to better understand who is best connected on a trade-bytrade basis. New flow or trade color at each bank is constantly monitored
for relevance and pushed to the buy side. Execution remains voice-based
between investor and bank, as is appropriate for large sensitive block trades.
Real time notifications of global activity
Honeycomb offers full Order Management Systems OMS integration
and provides a detailed audit report recording flow of price and liquidity
discovery from the moment an enquiry is loaded. Every button click on the
Honeycomb Network is tracked and pulled into a report that demonstrates
the process undertaken by the buy-side trader, and the information they
received that led them to their final decision around execution. This means
a dealer is able to prove that a best execution process has been followed
precisely on those trades where is it hardest to demonstrate.
This provides the buy side firm with a unique and powerful display of
information on their portfolio. Honeycomb provides the data and market
insight vital to selecting the right banks and the right time to trade. The
investor is able to deal in size, seek best execution, and remain discreet in
the market.
How Algomi Honeycomb works
[email protected]
AMERICAS
Algomi Corporation
135 East 57th Street
28th Floor
New York
NY 10022
+1 800 796 3121
APAC
Algomi Asia Pacific Limited
The Center
Suite 01-03, 66/F
99 Queens Road Central
Hong Kong
+852 2824 8673
EMEA
Algomi Limited
One America Square 17 Crosswall London EC3N 2LB 0800 151 5828
+44 20 7954 4501
Algomi Limited is, unless otherwise stated, the owner or authorised user of all copyright and other
intellectual property rights in this brochure and its contents. No part of this brochure may be published,
distributed, extracted, re-utilised, or reproduced in any material form (including photocopying or storing in
any medium by electronic means and whether or not transiently or incidentally to some other use of this
publication), except as agreed in writing by Algomi Limited or as permitted by the Copyright Designs and
Patents Act 1988 or the Copyright and Rights in Databases Regulations 1997, as applicable.
Algomi Limited is incorporated in England and Wales under company number. 08111389 with its registered
office at One America Square, 17 Crosswall, London EC3N 2LB, United Kingdom. Algomi Corporation is
incorporated in the State of Delaware, USA under file number 5425455. Algomi Asia Pacific Limited is
incorporated in Hong Kong with company number 2200830.
Algomi Limited and its affiliates are not regulated, nor are they registered as broker-dealers or investment
advisors in any jurisdiction.
© Algomi Ltd. 2016. All rights reserved.
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