Algomi are a leading Fintech who operate globally and offer innovative software solutions which provide real-time information on the value of bonds. The technology buy Algomi allows investment and sales decisions to be made be industry professionals. Here is what they’ve to say about the sell-side of their solutions.
Here at Algomi, we have created a real-time internal network of salespeople and traders using our Honeycomb network. This allows them to access authorised bank data in order to help identify the best and most reliable trade opportunities. Honeycomb, however, is not a trading platform, rather it is an intelligence medium enabling banks to promote efficient collaboration between all parties.
The problem
The evolution of banking has created an important need for managing huge volumes of sensitive information. At Algomi, we understand that it is not always possible to match the right people with the right trade opportunities, and this can significantly affect revenue. Sell-side employees often have to analyse an enormous amount of data on a daily basis. These data include: updated trader runs, axes, eTrade enquiries, new issue orders and allocations, research, client information and headlines.
Analysing and prioritising all of this information requires a highly analytical mind. However this is often impossible because different people prefer different analysis formats. This means good trade opportunities may go unnoticed.
The solution
The Algomi investment innovation, Synchronicity, can help overcome some of the hurdles data presents. Synchronicity is a Java based digital platform that gathers relevant trading data into one place, creating a virtual balance sheet. The algorithms bring together all the disparate information produced within the sales and trading functions of a bank. This is done in real-time in order to guarantee safety, speed and context. The information provided on Synchronicity includes reference data, sales coverage, client portfolios, trades, RFQ, axe feeds as well as live prices.
Business rules are then cross-referenced with the data to find potential matches. The results are presented by transactional probability and are promoted to the relevant salesperson. The Synchronicity algorithm is custom-made for each individual bank in order to actively represent its franchise and business model. Thus, the virtual balance sheet is indicative of the bank’s real capabilities to service their clients’ market needs.
Moreover, this Algomi investment information tool allows sales employees to gain insight into potential clients and traders, so they can analyse flow and market trends by sector, currency or bond.
Noting the large number of investments in the millions, the exponential growth in offices and employees it appears they must be doing something correct. The number of financial organisations who have signed up to their services is increasing too which appears promising and indicates the solutions must be making a difference.