T. Rowe's trading teams will take advantage of Propellant's advanced technology solution.
London and Amsterdam, January 15th, 2024 – Virtu Financial (Virtu), a leading provider in market making and execution services, and Propellant Digital (Propellant), a technology provider specialising in fixed-income data analytics, today announced that Schroders has completed the integration of Propellant's extensive fixed-income transparency data offering via Virtu’s global multi-asset class execution management system (EMS), Triton Valor.
Propellant's technology platform has been employed by many financial institutions, including global and regional banks, asset managers, quant hedge funds, trading venues, regulators, and other industry associations. By leveraging Propellant’s analytics, these institutions are able to extract value from growing volumes of European and US transparency data in today's increasingly electronified bond trading environment.
The full implementation of Propellant's analytics, within the Virtu Order Blotter, provides Schroders’s fixed-income trading teams with a comprehensive trade dataset. Schroders’s teams can now access pre-trade data such as real-time market activity, historical trade prices, and aggregated trade volumes. Furthermore, Schroders’s teams will benefit directly from enhanced market visibility enabled by the new EU and UK transparency regime coming into effect in 2025.
By utilising Virtu’s market structure expertise and execution technology, users can optimise trading strategies, drive workflow efficiency, and make more informed decisions without leaving the context of their fixed-income trading blotter.
Charlie Gibson, Head of Sales at Propellant Digital, stated: “The potential of the insights derived from MiFID data is significant and we are transforming these insights to help our clients improve their processes, enhance decision-making, and drive better execution. Our collaboration with industry leaders like Schroders and Virtu presents an exciting opportunity to further explore these possibilities. Together, we ensure clients remain at the forefront of change in the fixed-income market, leveraging greater transactional data availability and advanced analytics to deliver exceptional value and service to their clients.”
Melissa Ellis, EMEA Head of Workflow Technology at Virtu, noted: “Virtu excels in equipping clients with cutting-edge tools for seamless global execution across asset classes, including innovative solutions for desktop consolidation in fixed income markets. By streamlining workflows and centralising critical functionality, we help clients enhance efficiency and decision-making. We collaborate closely with clients and industry partners to deliver best-in-class technology for optimising performance and achieving superior outcomes.”
Gregg Dalley, Global Head of Multi Asset Trading at Schroders, commented: “We are excited to collaborate with Propellant and Virtu on this project and believe this will strengthen our Fixed Income trading capability. Our clients will benefit from our traders having access to state-of-the-art market data at their fingertips, centralised within the Virtu Triton EMS for maximum efficiency. Clicks-per-trade will be reduced and traders will more easily be able to assess the landscape of a given ISIN, shaping trading outcomes and PM interaction. The level of engagement from both Propellant Digital and Virtu has been excellent, and we look forward to evolving this even further.”
About Schroders plc
Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £773.7 billion (€912.6 billion; $978.1 billion) of assets under management on 30 June 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.
Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.
Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.
Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.
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Note to Editors: To view the latest press releases from Schroders visit:
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About Virtu Financial, Inc.
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrency and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre-, intra-, and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.
About Propellant Digital
Propellant Digital is an award-winning technology company specialising in Fixed Income data analytics. Our founders are trusted specialists in transparency and trading data, and passionate about making bond, swap, and ETF markets more transparent.
Financial institutions face challenges in extracting value from growing volumes of European and US transparency data, and Propellant delivers practical, responsive technology that transforms this data into actionable insights. We help global and regional banks, asset managers, quant hedge funds, trading venues, regulators, and industry associations to analyse transparency and trading data in near real-time. Our unique analytics cloud platform leverages the most extensive Fixed Income dataset, providing users the insights they need to improve trading strategies, streamline workflows, and make informed trading decisions.
For more information on Propellant Digital, visit https://propellant.digital/ or contact sales@propellant.digital
