Algomi, which provides data aggregation technology for the optimization
of fixed income liquidity, today announced that PIMCO, one of the
world’s premiere fixed income investment managers, is using Algomi ALFA
inside the firm’s trading and data infrastructure.
With Algomi ALFA, PIMCO now has access to bond price information from
all major electronic venues, messaging platforms and dealer inventory
feeds combined into a single consolidated landscape. Algomi ALFA
simplifies fixed income trading and allows for investors to tap into
today’s fractured bond markets.
PIMCO will intergrate Algomi ALFA into its 100 strong bond trading
desk-based in California along with its domestic and international
offices. Unlike the equity markets, fixed income inventory includes
corporate investment grade, high yield, emerging markets, municipal,
structured credit and government debt. This is scattered across many
electronic venues globally along with the thousands of securities
typically traded through voice trading.
Dirk Manelski, CTO of PIMCO says: “Fixed income asset managers need to
quickly integrate and analyze data to stay competitive and Algomi ALFA’s
strategic fixed income technology will capture, normalize and create a
centralized repository of information that will help PIMCO optimize
efficiencies and cut costs.”
“We are very excited to partner with Algomi. It fits well with our
efforts of identifying and using newer technologies and solutions to
help deliver stronger investment returns for our clients. Algomi’s
systems will help access data and market information from a wide array
of sources in a unified and aggregated manner which will help us further
enhance efficiency in the trading and risk management,” said Mohit
Mittal, Managing Director and Portfolio Manager.
Scott Eaton, CEO, Algomi comments: “Innovative buy-side managers know
that organizing their available information and systems into actionable
insights is essential to being successful in today’s market. I am proud
that one of the world’s leading asset managers has validated our model
by using Algomi ALFA for organizing fixed income trading.”
Richard Colucci, Head of Algomi Americas said “Companies are beginning
to make technology investments that can truly exploit data science and
automation to grow and evolve with the market. These efforts are fueled
by a robust and normalized dataset. Algomi ALFA is AWS cloud-enabled,
compatible with API integration and built on top of OpenFin open-source
technology, giving our customers the flexibility they need for tomorrow.”
Notes to Editors
About Algomi
Algomi is a software company that provides technology to financial
market participants to improve their workflow and liquidity by data
aggregation, pre-trade information analysis, and execution
facilitation. We are a market neutral system provider, using our
expertise in technological facilitation to improve liquidity and
efficiency in the market.
Founded in 2012, Algomi is headquartered in London with offices in New
York and Hong Kong. Algomi’s strength and stability comes through
investment from AllianceBernstein, Euroclear, Euronext, and S&P Global.
About PIMCO
PIMCO is one of the world’s premier fixed income investment managers.
With our launch in 1971 in Newport Beach, California, PIMCO introduced
investors to a total return approach to fixed income investing. In the
45+ years since, we have continued to bring innovation and expertise to
our partnership with clients seeking the best investment solutions.
Today we have offices across the globe and 2,600 professionals united by
a single purpose: creating opportunities for investors in every
environment.
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