Fixed Income Solutions

Innovation is your biggest source of liquidity.

 

 Each day, on average, we see our platform provides around $16 billion1 of liquidity on our platform.

 

As a network, we strive to empower participants to effectively connect, interact, and transact in a frictionless way. Traders and portfolio managers from more than 6802 of our Member firms benefit from multiple liquidity-seeking protocols, in an environment that protects order information and prioritizes size.

Driven by market-leading innovation, our technology is enabled enhanced by our connection connectivity into 12 major order and execution management systems, empowering our Members to connect and transact seamlessly.

1  2022
2 June 2021 - June 2023


 
 
 
 
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The future of fixed income primary markets is electronic.

 

Accelerating innovation with Liquidnet Primary Markets

Leveraging our strong grounding in the secondary market, Liquidnet is now helping to accelerate innovation in the primary markets, with a goal to become the first electronic unconflicted agency broker to provide an end-to-end workflow solution for the full life cycle of a bond.

Liquidnet Primary Markets is the first step towards this goal and represents two new offerings:

  • A Debt Capital Markets (DCM) workflow for New Issue Announcements

  • A trading protocol for New Issue Trading

Integrated into the existing Liquidnet Fixed Income desktop trading application, creating a seamless user experience from primary to secondary trading.

Liquidnet Primary Markets is available to Liquidnet participants in US and EMEA. Availability for participants based in Canada is subject to prior review and approval by the regulators in Canada.

 
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Automated and streamlined

New Issue Announcements

Liquidnet is bringing greater visibility of new issue announcements to both the buy and sell side who can now engage in a quicker and more efficient way as deals are announced.

Our new workflow solves for the current fragmented dissemination of new issue data that is inefficient and time-consuming for the buy side to process.

Multiple access points
  • Announcement connectivity straight into leading Order Management Systems (OMS)
  • Integrated into Liquidnet’s existing desktop trading application
  • Additional access via a Liquidnet Member-only web portal for non-trading desk users, portfolio managers, analysts, and compliance teams
 
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Enhancing liquidity discovery and price formation

New Issue Trading

Liquidnet has launched one of the first electronic solutions to trade new issues. The protocol offers a centralized pool of all-to-all, click-to-trade liquidity for new bond deals pre-pricing and on the break.
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Liquidnet Primary Markets is available to Liquidnet participants in US and EMEA. Availability for participants based in Canada is subject to prior review and approval by the regulators in Canada.

 
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Seamless Trading with Liquidnet Secondary Markets

Centralized institutional liquidity


 
 

We understand the complexities of Fixed Income trading and we're committed to simplifying those processes.

Our Secondary Markets offering provides execution solutions for US and European corporate bonds (investment grade and high yield), emerging market sovereign and corporate bonds, and Supranational, Sovereigns and Agencies and covered bonds. Our multiple liquidity-seeking protocols are designed for anonymous block-size orders and a wide range of order sizes and trading strategies.

Access deep institutional-sized natural liquidity and benefit from low costs and minimum market impact.

 

The Next Generation Fixed Income Marketplace

What Makes Us Different

Our vision is bold: to be the next generation Fixed Income marketplace. Building on our key attributes, we're shaping a marketplace that enhances our Members’ trading experience and unlocks new possibilities.

 
  • Multiple trading protocols that facilitate both low touch orders and large block trades

  • Comprehensive buy-side liquidity

  • Information protection and anonymity

  • Extensive Order and Execution Management System (O/EMS) connectivity

  • Proprietary Blotter Sync technology that compliments all O/EMS to maximize the potential of your orders

  • Pre-trade pricing to assist in price formation and best-execution

  • 20+ years’ experience in policing pool behavior

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Gain a competitive edge

Fixed Income Trade Coverage

Our Primary and Secondary Market offerings are complemented by Liquidnet’s Fixed Income Member Service model, a dedicated team that provides expertise and insight designed to help Members seize trading opportunities.

Our high-touch services team facilitates special situation switch trades, work ups, and has a particular strength in bridge trades, allowing pre-negotiated bilateral trades when counterparties do not have direct trading lines. 

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Multiple Access Points

Membership, Accessibility, and Connectivity

 

Liquidnet’s fixed income trading solutions are available to institutional buy-side traders and portfolio managers, and sell-side traders via:

  • Our signature Liquidnet fixed income desktop application

  • Direct connectivity

  • TP ICAP’s flagship desktop platform Fusion*

  • Institutional buy-side traders and portfolio managers and sell-side traders, via our signature fixed income desktop trading application, or via direct connectivity

Access is also available through the following Order Management Systems (OMSs) and price aggregators:

 
 
  • Aladdin (BlackRock)

  • Bloomberg (TSOX)

  • Charles River

  • Eze Castle

  • Fidessa

  • FlexTrade

  • Linedata

  • SimCorp

  • Thinkfolio (Markit)

  • Trading Screen

  • Proprietary OMSs

 
 

 
*Applicable to select trading protocols, including New Issue Trading.
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Step into the future

Ready to embrace a new era of Fixed Income trading? Join us in shaping the future of Fixed Income trading.

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