Quinsol Software, a German software start-up founded by Ralf Henke, a veteran bond market technologist, has launched a new bond pricing platform called Bond Price Hub, intended for traders at banks and brokers.
The company says the product meets fixed income traders' need for flow automation.
Henke said his software would allow bond traders to respond to the large increase in price requests from investors in recent years, itself the result of automation.
“Banks are receiving 30,000 requests for prices per day, they need streamlining to understand their position and risk,” he said.
Bond Price Hub provides a stateless bond pricing engine which integrates with traders’ trading systems, enabling them to provide prices on a large scale.
It automates smaller trades to enable traders to focus on more critical ones. Its graphical user interface highlights critical information requiring traders’ attention. Henke compared the interface to “a cockpit for steering automation flow”.
By focusing on the most important trades, dealers can increase their “hit ratio”.
The interface is designed to enable traders to use their own algorithms, data analytics and artificial intelligence tools. Henke said his team wanted to “enable the use of AI tools into the execution flow” by providing a single platform for bespoke tools and deal flow.
Bond Price Hub draws on Henke’s experience in bond trading technology. Quinsol is the third company he has founded in the space, following Icubic and AxeTrading.