Mostly… fixed income and cross product eTrading

March 18, 2008

Bondvision and LatentZero

Filed under: etrading, FIX, Nuts and Bolts, OMS / EMS — holky @ 6:08 am

I see in Finextra that BondVision is partnering with Fidessa LatentZero (Minerva).   Clients will be able to ‘auction’ their business to the best bidder either outright, or by switching with up to five dealers online …. which i presume means singledealer orders and rfq?

I recall way back towards the tail end of 2005 (?) a Bondvision announcement about the FIX pipe being opened. 

LZ point to point etrading gets a step closer?

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4 Comments »

  1. But will it be a FIX connection? Or have BondVision decided that FIX is just not good enough for them and so they have re-invented the wheel…

    Comment by cynic old bugger — March 18, 2008 @ 10:05 am

  2. I know BV had a proprietary API, not FIX, a while back. Could be that?

    Point-to-point? Not at all. It says you can trade o/r or do a switch with up to five-dealers. So just offers BV via LZ, which TW has done for ages.

    Comment by waratah — March 18, 2008 @ 4:54 pm

  3. Ah on the point-to-point i still think that once you’ve connected to the intermediaries (such as Bondvision) as a first connection (and why not, reach lots of dealers with one bit of pipework) the door is then wide open to connect direct to your key dealers with a 1:1 – each being a pure relationship enhancer at least part justified by removal of the platform execution fee for a big chunk of the flow. Which means buyside end up with 1:many connections into the hub and a handful of 1:1 connections for their top dealers.

    Comment by holky — March 19, 2008 @ 11:04 am

  4. Ah, this was a blast from the past. I wonder if anyone knows how many firms have actually connected Bondvision to LatentZero using FIX….

    Comment by johngreenan — October 21, 2010 @ 7:52 am


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